With the exception of very specific venues like Ren Fairs and the like.I can see something like this working well in Austin where some of the land can't be developed due to zoning for trees; however, it could prove difficult in a smaller town mostly because do you have 10+ businesses looking to even open there?

Develop a profitable and sustainable business plan and learn how to sell it.

Then your next challenge is identifying those who aren't already spoken for.   

I’m looking to network with developers who have worked on similar projects.

I am a developer and GC in charlotte.

@Amy DeCesare While the areas you mention could certainly benefit from more multi-family units, generally people in the more affluent parts of the state like Washington county oppose such new development, either indirectly through zoning ordinances like minimum lot size and parking requirements that make it almost impossible to build (as @Brandon Ingegneri mentioned), or directly at zoning hearings where neighbors show up and oppose it because that they don't want to change the "character" of their neighborhood.It can be done, but it's far more the exception than the rule and requires big bucks, political savviness, and the ability to make a big bet and absorb the loss if you lose.

Hopefully I can help you in identifying a good deal.

The piece I wanted went higher than I wanted to pay, but then that was bounced by a developer who bought all 30 acres plus the house.

I need to develop a team to punch out a similar deal.  

It's a fully developed town and all but it's a little run down.