The foundation of any successful real estate development starts with a sound understanding or project costs and risk factors, which all starts with the pre-development and budgeting process. Utilizing our deep project experience and working with trusted contractors, we work hard to establish a Guaranteed Maximum Price (“GMP”) for each of our development projects very early on in the project. This allows us to build a strategy around a defined set of costs, which we continually value engineer throughout the project to achieve additional savings.
Aside from careful budgeting, our pre-development process includes a detailed assessment of the property to ensure that we have a sound understanding of all physical and other attributes. This process includes the coordination of:
- Environmental Studies
- Zoning Studies
- Wetlands Assessment