Definitions

1. noun

The act of selling or dividing a large piece of land into smaller parcels for building purposes, often resulting in increased property values.

“The recent plottage of the abandoned industrial site has revitalized the neighborhood with new homes and businesses.”

2. noun

A plot of land, especially one that has been subdivided or is being developed for building.

“The developers are marketing several lots in the newly-created plottage as part of a luxury condominium complex.”