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 stage of city evolution applies to this inner-city development?

Question

Quizplus · Accepted Answer

This scenario fits the definition of a corporate city, which is characterized by the dominance of corporate power in urban development. The real-estate magnate is using their resources and influence to reshape the abandoned warehouse into a profitable development, focused on high-end boutiques and condominiums. This type of development is often associated with gentrification and displacement of lower-income residents, which is a common feature of corporate cities.

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