A metropolitan real-estate magnate has purchased an abandoned warehouse in the city's transitional zone, and is converting it on the street level to a mall with chic boutiques, while making the upper floors into condominiums. Which of the following stages of city evolution applies to this inner-city development?

Question

Quizplus · Accepted Answer

The conversion of an abandoned warehouse into a mall with chic boutiques and condominiums is indicative of the corporate city stage of city evolution, where inner-city areas are redeveloped for commercial and residential purposes by private entities, rather than relying on government intervention. The focus is on profit-making activities and catering to the needs and wants of the middle and upper classes.

A Metropolitan Real-Estate Magnate Has Purchased an Abandoned Warehouse in the City's