We typically approach projects with the goal of providing a single source of responsibility for our client, who is an Owner/Tenant, a Tenant (in the case of a build-to-suit leaseback), or an Investor/Owner for whom we are developing a project
PROJECTS
The only real opportunity to save money in any project is in the planning phase. Beyond that, money can only be spent.
Tim Galvin/Brexton
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Real Estate Development Services
Development of a new facility as an owner/investor is a multi-faceted process. Among the major components of this process are:
- Defining concept, utilization and design
- Determining market demand
- Prioritizing the need/balanced with demand
- Site Location and Maximum Yield Analysis
- Ownership structure
- Financing
- Design
- Construction
- Property/Asset Management
However, of far more important consideration for the owner/investor, are the factors which are interrelated among the project components. These are the myriad of factors which cannot be considered or solved independent of the other project components.
A review of the owner’s income projections yields a not-to-exceed occupancy cost. In addition, a review of the number of occupants yields a minimum acceptable building size. When the optimum financing is added to the equation, this information will, in turn, produce a square foot cost budget for the land, building and soft costs.
This simultaneous process of providing a combined solution to these project components is the essence of feasibility analysis. The analysis generally begins with a conceptual project Performa financial projection, and continues until site selection; zoning, design and financing have been concluded.
We can Provide
Phase I
- Site selection and evaluation
- Project feasibility analysis
- Prepare project Master Schedule
- Zoning presentations and coordination
- Overall project budget and income potential reviews
- Construction loan preparation oversight and monitoring
- Property condition evaluation and assessments
- Preferred and or deferred maintenance consultation and evaluation
Phase II
- Constructability review and analysis
- Contractor evaluation
- Cost-to-cure estimation
- Coordinate cost segregation studies