TND meaning in Real Estate ?
Answer: What is Traditional Neighborhood Development mean?
Traditional Neighborhood Development (TND) refers to the development of a complete neighborhood or town using traditional town planning principles. TND may occur in infill settings and involve adaptive reuse of existing buildings, but often involves all-new construction on previously undeveloped land. To qualify as a TND, a project should include a range of housing types, a network of well-connected streets and blocks, humane public spaces, and have amenities such as stores, schools, and places of worship within walking distance of residences. TND is limited to the scale of neighborhood or town, and should not be confused with New Urbanism, which encompasses all scales of planning and development, from building to region. TND projects incorporate many different architectural styles and are not exclusively traditional in aesthetic. An example of a TND known for modern style as opposed to neotraditional style is Prospect New Town. An example of neotraditional style is Baxter Village near Fort Mill, South Carolina.
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