In a multi-block redevelopment, parcel control is only the beginning. The useful unit of analysis is the executable phase.
Map every claim to a block and entity
The Atlantic City Southeast Inlet illustrates the issue. One redevelopment plan covers Blocks 70, 72, 75, 77, and 79 and involves K. Hovnanian, North Beach Holdings, and Block 79 QOZB LLC. A separate plan covers Blocks 71, 73, 74, 76, and 78, where GS Land Holdings LLC is a co-redeveloper for Block 71.
Combining those plans into one headline count would obscure which entity controls which site, which approvals apply, and what has actually happened.
Separate realized, active, and future work
For Terraces at Absecon Inlet, the initial Block 79 land phase was sold to K. Hovnanian for approximately $4.0 million and is approved for 38 townhouses. Site work is underway or commencing. The land sale is realized; the homes are not complete.
Later phases can be economically important while still remaining subject to negotiations, contracts, and execution. Those stages should be reported plainly.
Why this matters to owners
Phasing can reduce the amount of land, capital, and coordination that must move at once. It can also create clean transaction points for a builder, lender, or operating partner. But the value of that structure depends on precise records: parcels, entities, approvals, obligations, timing, and counterparties.