Development Services

The following details our services from strategic planning through project completion. Of course, each project has its own scope and challenges, so timelines will vary. This, however, is the general breadth of services BC Development can supply and mold to your specific requirements.

STRATEGIC PLANNING

The initial step in the development process involves two or three meetings with the development team to discuss strategic goals of you, our client and partner. These meetings focus on sizing the building to meet your needs, development cost projections, project timelines, site location, amenities within the project, and investment parameters.

Determining long-term investment parameters will drive many of the decisions that pertain to the design, site selection and materials utilized in the development of the building. Our philosophy is to have this discussion early and often. Discussion will also include anticipated construction costs, income and expense proformas, and short/long-term financing alternatives.

SITE SELECTION

Once the strategic plan is understood by all parties, we begin an extensive site analysis. As we evaluate sites, flexibility in site selection becomes important in developing our final pro forma. Many times the cheapest sites are not the most cost effective due to issues with access, utilities, topography, environmental impacts, etc…

As a part of the site selection process, BC Development will handle all of the rezoning matters required, subject to some situations where legal counsel may be necessary. In those particular cases, legal fees will be included in the project pro forma. Typically, it takes 90-120 days to rezone a property, therefore, we may budget 4 to 6 months to secure and zone a site and complete due diligence. During the site selection process, extensive time will be spent in the rezoning matters as well as reviewing environmental reports, surveys, plats, traffic studies, site development costs, infrastructure issues, etc.

DEVELOPMENT TEAM

In our Strategic Planning stage, we will make suggestions on team members required for any development which includes, but is not be limited to:

Developer Architect Civil Engineering Firm General Contractor Land Survey Firm

Title Company Attorney Lenders Third Party Consultants Construction Managers Property Managers

The team members will be determined based upon a request for proposal process. We will evaluate their experience, expertise, reliability, market knowledge, requirements by the City and interviews with BC Development and you, our client. These professionals are typical and are required. The fees associated with these service providers are also a part of the project pro forma.

This team of experts will be formulated during the strategic planning/site selection process. This will allow adequate time for analyzing building designs and costs during the same timeline in which we are analyzing sites. This saves you time and money. BC Development will coordinate the activities of all team members to insure that everyone is working toward the same project goal.

CONSTRUCTION PROCESS

During the entire project, BC Development will manage the project and construction process. Our project management will orchestrate the information, people and needs to achieve your real estate goals. At BC Development, we will manage all disciplines related to construction including the architect, civil engineers, mechanical, electrical, plumbing and structural engineers, city officials and contractors

Our project manager will lead weekly job progress/coordination meetings and regularly report on the construction progress. Throughout the project we will focus on controlling cost, schedule and quality. Weekly construction meetings are held at the construction site, depending upon the level of construction activity at that time. Contractors are held accountable and held to the original project timeline. Conference calls are held daily, if needed, to coordinate an immediate response to changing complexities of the project.

PROJECT COMPLETION

As the construction culminates, BC Development will schedule the punch list, supervise its timely completion and prepare the space for occupancy. BC will also establish closeout documents requirements and warranty dates with the contractor and design professionals, and schedule training sessions on specialty systems which the client will have internal control. Other requirements, including parking, access control and similar functions will be coordinated with the client and the landlord or owner of the property. During the warranty period, BC Development will also ensure that the contractor, design group and various consultants employed during the process respond to your needs. The closeout package will include a list of all contractors, professionals, consultants and other involved vendors with telephone numbers and contacts for your use.