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The Fund for New Urbanism, LLC ("the Company"), is a land development partnership organized by Duany Plater-Zyberk & Company, architects and town planners. The Company is institutionally funded and employs a multi-disciplined staff that includes development, financial, legal and planning professionals. The Company's objective is the profitable application of the principles of the New Urbanism. Its mission is the development of real estate projects exemplifying New Urban practice in communities seeking alternatives to suburban sprawl. The Company is initially funded to undertake up to ten such projects. The Company, which was capitalized on November 1, 2002, will (a) acquire control of real property suitable for New Urban development in markets where demand for housing is accompanied by constraints on supply; (b) enhance the value of the property it acquires through planning and by securing site-plan approval; and (c) affect physical development of the enhanced properties in cooperation with those committed to achieving the outcome envisioned by the plans. November, 2002
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