Abstract
This paper is primarily based on the research on existing waterfront development that occurred in last few decades of the XX century in Western Europe with potentials for waterfront development in the changed and transitional context that Serbia and Belgrade is going through: from centrally driven system to market oriented economy with the multi stakeholder arena in the processes of globalization - urban management and development paradigms change. The aim of the paper is to define and underline conditions influencing waterfront development (WFD); to examine who the urban actors are that trigger WFD and what strategies have been created by them for WFD as a response to those conditions. Conclusions will be drawn at the end from the Western European context that might be applicable for developing WFD strategy in Belgrade. .