plottage
/ˈplɑtɪdʒ/
noun
- The increase in value that results from combining two or more adjacent pieces of land into one larger parcel.
- The developer bought three small lots and benefited from the plottage when he sold the combined property.
- Real estate investors often look for plottage opportunities in growing neighborhoods.
- Because of plottage, the merged land was worth much more than the sum of the individual lots.