Trademark Properties Construction: Washington DC Area

Development

Real Estate Development:

We have a high level of expertise in all phases of the real estate development life cycle. These include:

Feasibility Study/ Financial Analysis:

This should take place prior to buying the property, and should be completed and satisfactory before any capital is at risk. Issues or red flags that arise during this period would likely result in a recommendation that the client NOT move forward on the project. At the very least, the findings would create an adjustment of the project plans and a new awareness for potential obstacles during the process. Items that we would address during this phase include:

  • Governmental restrictions that may exist and creating a plan that will conform to what is allowed. This includes zoning and building regulations, parking restrictions, neighborhood approval processes, and the permitting process.
  • Creating an LLC or other legal structure for the project if that is desired.
  • Tax credits or grants that may be available to the project.
  • Creating a preliminary design and obtaining construction costs for the project.
  • Creating key financial documents, such as a pro forma, to understand financial feasibility of the project.
  • Securing project financing through banks or private equity.

Once these steps are completed, and all parties agree that the project is feasible and desirable, we would move ahead with the construction/ project management phase.

Construction Management:

This begins once the preliminary feasibility study has been performed and the project meets all of the necessary criteria to move forward. This phase can include:

  • Creating an AIA or other draw schedule for the construction loan, and preparing the draw requests when work is completed.
  • Screening, hiring, and managing subcontractors performing the work.
  • Selecting products and finishes to be used for the project.
  • Maintaining a project schedule that is updated weekly.
  • Leading regular project status calls with all parties involved.
  • Closing out the project based on the owner’s desired exit strategy (sale, long term rental, condominium conversion, etc.).