OUR PROCESS
Our broad scale master planning approach creates
A RESEARCH BASED, DATA DRIVEN PATHWAY
to lower risk and higher profitability
PHASE I
ASSESSMENT, FEASIBILITY AND PROJECT SCOPE
Since large development projects must integrate with
existing assets and influence future development
plans, we believe in a research based, measured,
data-driven approach as part of
broad-scale master planning.
• DETERMINE THE HIGHEST AND BEST USE
• IDENTIFY A LIST OF BROAD BASED STRATEGIC USE CATEGORIES
• DEVELOP A HIGHLY CURATED LIST OF TENANT OPTIONS
• DRAFT ARCHITECTURAL CONCEPT DESIGN
• DEVELOP PROJECT OPERATING PRO FORMAS
• DETERMINE THE OPTIMAL FINANCIAL STRUCTURE, CAPITAL COSTS AND SOURCES AND USES
• REPORT TO CLIENT LEADERSHIP
PHASE II
PRE-DEVELOPMENT
Upon completion of Phase I, clients decide whether or not to proceed with Phase II. The Pre-Development Phase is the “proving” part of the development process. This will achieve two critical milestones. It will determine: whether or not sufficient retail tenant interest and commitment exist to proceed with financing and construction; and simultaneously complete pre-development design and engineering work necessary to proceed with construction.
• ARCHITECTURAL SCHEMATIC DESIGN
• SITE, STRUCTURAL AND CIVIL ENGINEERING
• TENANT MARKETING AND LEASING
• FINANCING COMMITMENTS
• DEFINITIVE AGREEMENTS• REPORT TO CLIENT LEADERSHIP
PHASE II
PRE-DEVELOPMENT
Upon completion of Phase I, clients decide whether or not to proceed with Phase II. The Pre-Development Phase is the “proving” part of the development process. This will achieve two critical milestones. It will determine: whether or not sufficient retail tenant interest and commitment exist to proceed with financing and construction; and simultaneously complete pre-development design and engineering work necessary to proceed with construction.
• ARCHITECTURAL SCHEMATIC DESIGN
• SITE, STRUCTURAL AND CIVIL ENGINEERING
• TENANT MARKETING AND LEASING
• FINANCING COMMITMENTS
• DEFINITIVE AGREEMENTS• REPORT TO CLIENT LEADERSHIP
PHASE III
CONSTRUCTION
• COMMENCE AND COMPLETE FINAL DESIGN AND ENGINEERING
• SELECT CONSTRUCTION MANAGER
• SECURE NECESSARY PERMITS AND APPROVALS
• PREPARE BIDDING PACKAGES
• SELECT AND FINALIZE SUBCONTRACTOR AGREEMENTS
• EXECUTE BUILDING CONTRACTS
• OBTAIN CERTIFICATE OF OCCUPANCY
• IMPLEMENT PRE-OPENING MARKETING PROGRAM AND STAFFING
• GRAND OPENING
PHASE IV
OPERATION
• EXECUTE MANAGEMENT AGREEMENTS
• OPERATE THE COMPLEX
• CONDUCT MARKETING PROGRAM
• GENERATE PROFITS