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Module 23 - Intro Into The Development Process

The training module provides an overview of the development process, detailing its stages including site selection, feasibility, financing, land acquisition, entitlements, and architecture/design. Participants will learn the responsibilities of the development arm and the importance of each stage for project success. Key points emphasize the necessity of proper execution across all stages for effective development.

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2 views3 pages

Module 23 - Intro Into The Development Process

The training module provides an overview of the development process, detailing its stages including site selection, feasibility, financing, land acquisition, entitlements, and architecture/design. Participants will learn the responsibilities of the development arm and the importance of each stage for project success. Key points emphasize the necessity of proper execution across all stages for effective development.

Uploaded by

0321tsg92
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Training Module Title: Intro into the Development Process

Learning Objectives: By the end of the training session, participants


will be able to understand:

 What the development process is


 What the different stages of the development process

What is Development?

The Development arm is responsible for overseeing all aspects of the


development process, including site acquisition, design, entitlements, financing,
due diligence, and eventual disposal.

Site Selection
 Companies may be focusing on one particular plot of land or have
numerous to narrow it down from. These may come from open listings or
though connections within the industry on land that’s not even publicly for
sale.

Feasibility
 Creating a yield analysis report to decide if a project makes sense
financially. Factors that will go into this include land costs, building costs,
construction timeline, rental fees or fees from the sale of the project.

Financing/Underwriting
 Assuring that you have the financials in place to build a project. Whether
the funds will be coming from internally, outside sources or through
financing with a loan. Working with all parties to make sure that conditions
are met before moving forward.

Land Acquisition
 Now that the site has been selected, the financials are understood and the
capital is in place, procurement of the land can take place.

Entitlements/City Planning
 Working with the city, municipalities and surrounding neighbourhoods to
ensure cooperation. Scheduling and coordinating all city submittals to
meet contract terms. Working closely with officials to strategize on any
entitlements.

Architecture/Design
 At this point the project will go from a broad idea to having the schematics
and design for an actual project.

 Architecture will begin work in creation of the overall project, creating the
blueprints that construction will work off of. As the design of the project
comes into scope you will have different parties entering to assist with
design, looking at everything for Interior Design, color schemes and
landscape architecture.

Preconstruction will begin involvement at this stage but Development will


continue with the project throughout.

Review of the Key Points:


 The Development arm of a business is responsible for overseeing all aspects
of development
 There are six stages to the development process and it is essential that all of
these are delivered correctly for a project to be successful

Q&A:

Activities:
 During site selection, where can sites be sourced from?
 At what stage does the project go from a broad idea to an actual project?
 What are the eight stages of the development process?

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