Development
Value right from the start
With 30 years of experience in all facets of commercial and residential real estate, we are strategic development consultants who bring both big-picture perspective and pinpoint eye for detail to every real estate project. We know the value of starting a project off on the right foot.
The initial development phase involves extensive research and analysis to determine if a project is truly viable. Without proper information management, projects can quickly derail and never fully recover. Our goal is to provide our clients with the necessary data to confidently make key decisions and ensure project success.
Site Selection & Land Acquisition
Our team understands the components required to align land opportunities with client needs accurately. We identify potential sites for a project before they become available on the market. Our process includes the following services:
- Feasibility Study
- Due Diligence
- Project Design
- Agency Approvals
- Financial Support
Feasibility Study
Determining if your project is feasible is a crucial first step in the land development process. A market study, deal analysis, development budget and pro forma can help an owner decide if a project is worth taking on. Performing a comprehensive analysis provides clear insights into the project’s internal rate of return (IRR), uncovers any potential risks or costly problems, and can help you secure more investment dollars. This process can reduce your due diligence period and increase chances of project success.
With market and project conditions constantly changing, we help you eliminate the guesswork involved with cost estimating and scheduling. We work with you to develop a comprehensive report on local and regional market trends for the selected asset class. Our methodology can create project scenarios that match your desired financial returns and help demonstrate how your decisions can impact the bottom line.
Remember, feasibility studies aren’t just for huge developments; we recommended them to anyone looking to purchase a site for a specific purpose.
- Analyze the budget and pro forma to achieve profitable financial returns
- Develop “what if” scenarios by easily and efficiently adjusting project metrics to achieve profitable financial returns
- Deliver the financial foundation needed for a successful project
Due Diligence
Due Diligence is a critical component of pre-construction and can be an extensive process depending on the project. The main objective is to take the proper precautions before committing to the project. We take a deep dive into municipal codes and laws to uncover what local, state, and federal permits and approvals you will need to complete your project. The information gathered through our process will detail the approval process, project backlog, estimated timeline and key governmental obstacles. This stage can include several elements:
Environmental Studies
- Research the specific environmental agencies, studies and approvals that will need to be obtained for the project.
- Identify qualified environmental firms to deliver the required information needed for various agency approvals.
- Outline cost estimates and schedules and manage the entire approval process on your behalf.
Utility Infrastructure Assessments
- Research the current on-site infrastructure and identify what additional utilities may be needed.
- Connect with local and state agencies to understand their process for installing additional utilities on-site.
- Establish the cost, timing and process needed to deliver all necessary utilities to the site.
Project Design
In the design phase of the development process, project plans are created and finalized in order to secure costs, budgets, timing, approvals and permits in the next phase. As the owner’s rep, we help with the team selection process and work alongside the design team to ensure the owner’s vision is captured.
We work with the operations team to ensure the project is designed with the end use in mind and the completed building can run efficiently and effectively. As designs are drafted, we manage agency comments and adjust the design process as needed to ensure there are no surprises during construction.
Agency Approvals
From assessing project plans to organizing all requirements and resources, we ensure every project rests on a firm foundation before leaving the design phase and beginning construction. During this phase we manage the approval process for local, state and federal agencies to ensure project success. We also identify and mitigate potential community opposition before it can adversely impact the project. Our goal is to gain approvals as amicably as possible to ensure future project success.
Financial Support
Investment & Construction Financing
An experienced Owner’s Rep is vigilant in managing project budget and finance. To attract banks and outside investors, we create a detailed package outlining the financial status of the project, including the pro forma, budget and debt structure. We work with your team to present project information to identify and meet with qualified investors in order to obtain the desired funds to break ground.
We identify the financing requirements needed and manage the process until funding is secured from qualified financial institutions. This includes, but is not limited to:
- Construction Budget
- Construction Timeline
- Pro Forma
- Debt and Equity Structure
Our Clients
With every service we deliver, we believe in measurable results—both in the short term and the long term. We take pride in our reputation for maximizing our client’s investment.
