Identification of Problem:
Corgiat Building Corporation had an option to purchase a 160-acre piece of land in the Village of Barneveld for a housing development.  However, the size of the development in relation to the size of the community and the high upfront improvement costs required by the rugged terrain combined to make this a financially risky development.  To be successful, the development would require a shorter absorption period and would have to draw higher lot prices than other Barneveld developments.

Our Analysis
Vierbicher Associates prepared a market analysis which identified untapped markets and future growth trends that could benefit the right type of development. Unprecedented employment growth is expected over the next ten years in Western Dane County. Additionally, a survey of local realtors and an analysis of demographic data identified a significant number of households who are able and willing to support a high-end housing development in Barneveld.

Final Resolution
The developer decided to purchase the land and begin the development.  As a result of our analysis the initial concept plan has been modified to increase the size of lots and target the currently unmet housing segments.