Recently I wrote a post which extolled the virtues of small lot development. While small lot development creates great urbanism and has many benefits, it can also be challenging to get built. Large projects have greater economies of scale, have an easier time living up to parking requirements and other city codes, and are more familiar to lenders.
It is possible, though. In the video below, the great John Anderson of Chico, California shares some of the "dark arts" of developing small projects. I highly recommend that you check it out. Even if you have no plans to go into development, this is a great video for planners and other urbanists to watch in order to gain an understanding of how development works and what motivates developers, who are our indispensable partners in creating great places.