For the community development dept, you'll need proper plans (architect), site survey, permits, etc. when you're ready. 

Where single family rentals weren't exciting to me, building and developing land and redeveloping old spaces really intrigued me.

…Yogi BerraSetting written goals is the foundation of any successful venture.

I currently have a majority of my savings invested in the stock market but am looking to diversify into real estate and other ventures to achieve my financial goals.

That being said, I've been moving into development.

I'd work on a strategy that returns my capital guaranteed. build to rent direct with ground up developer does this.

He took the new development appreciation approach.  

Lived in Columbus for 13 years, 600+ transactions, development experience, new builds, 40+ rehabs, DM me if you want to know about the market. 8+ years on the forums advertising and building relationships with investors in almost every state.

Quote from @Marcus Ball: After struggling with local rehab properties in California, I switched to build-to-rent developers and chose a 1031 exchange.

I see google maps and bing maps both do not show any development in this area yet in satellite view.