@Symchay Bendu I think the areas mentioned in the report linked to are to develop green areas IE Parks, playgrounds etc.

Is there a seasoning period?

Looking to buy a primary home in the area on the prospect of area developing and also utilizing large lot for expansion/ADUs in the future.

Looking for my first (real) deal in Chicago or the greater Chicago region in general. I would say I  already completed a deal but it was more of a happy accident, I purchased my condo as a short sale several years ago...

Most investors on this site are residential with a few commercial sprinkled in so when BP develops software to use that is likely the main focus residential first.There are tons of software for commercial analysis to use out there. 

Additionally, if you have major development/reuse/rezoning plans, find a lawyer who works real estate in whatever area you are in and have them connect you with the right people to have the conversations to insure you aren't buying into a battle with the city/township.

Once you develop a relationship with them they can be a great referral source for both sellers (listings that they can't sell and at the end of their contract) and buyers (were under contract and just about to close only to find out that they can't qualify for the loan).Hope that helps @Moises Suazo!

Generally week one would consist of securing the property,  starting utilities in the correct sequence according to season, insurance and any urgent repairs. 

Looking to speak to developers about a NoHo 13 unit project.

I think it would be rare to find a listing that plainly says "value-add opportunity," so I would need to develop my own skills at recognizing these things.