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

Pier 57 on Hudson River - Experientia Development Partners

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