Understanding what the development is intended to do and how it is placed in context in the surrounding community is the first step, which establishes the framework for moving forward.
The critical component of financing is examined for feasibility. Raising equity in the form of investor capital, tax credits syndications, and/or grants are the primary considerations, with a range of debt sources completing the financial structure.
Budget and pro formas
Source and Uses of Capital, Operating pro formas, and cash flow projections are established in some detail, whether to ascertain feasibility or as a central element in the pursuit of capital. Careful and realistic budgeting is essential to project success.
Knowledge of appropriate sub-markets in Atlanta is the first step in matching an organization’s needs with potential sites. Working with brokers is a standard route in site selection, but at the outset, it is important to define the criteria.
Once a site is under contract and financial feasibility established, the due diligence process commences, consisting of market analysis, surveys, title examination, environmental assessment, and other technical, legal and financial investigations.
Assembling the best possible team to execute on the development to ensure success. Selecting the appropriate attorneys, architects/engineers, land planners, consultants, and general contractors will also validate the budget.
Oversee and coordinate all aspects of a project from concept to the grand opening. The menu above describes the scope of work for Project Management ("development consultant"), which can be executed in whole or in parts, depending on the needs of the client.