Development Planning
Real estate and facilities development can be a complicated and risky proposition. Pilot Development’s role is to guide owners effectively and safely through this process. There is no more important component to reducing risk and achieving high performance results than engaging in early planning and feasibility analysis. Many issues, from site selection to regulatory constraints and finance, need to be considered. Effective planning and analysis is the result of owner collaboration and Pilot’s development expertise.
Feasibility studies answer two essential questions: Can the concept be achieved? Do the rewards outweigh the costs and risks? Each project’s potential and risk is unique, and deserves assessment.
Development planning builds on the feasibility analysis to produce a project business plan. This plan provides the basis for directing the work of the project team, and establishes a set of benchmarks for the development to follow to completion. Key elements:
► The project and its goals are well defined;
► Risks are analyzed;
► Benchmarks for cost and time are set; and
► Tasks and responsibilities are defined for project team members.
The development plan is the result of many important decisions, and ultimately acts as the road map for the entire project.
Should we develop?
What will it cost?
Can we build what we want?
What should we build?
If we build it, will they come?
How long will it take?
What are the risks?
Our Team
PLANNING
Site Survey
Building Program
Detailed Permit Analysis
Project Schedule
Project Budget
Finance/Investment Plan
Project Pro forma
Establish Project Team
FEASIBILITY
Site Selection
Existing Conditions
Desired Uses
Permitting Potential
Physical Potentential
Market Analysis
Available Finance
Draft Budget
Preliminary Pro forma
Efficient
Development
Reduced
Risk
+
=