Project Development

Project Development can consist of many options based on our client’s specific needs and vision.
The Rob Lamb Team has experience working with clients on project development and adding value within our areas of expertise.

The complexity of the real estate development process can be broken into 3 key steps:

Step 1

Pre-Development

Step 2

Construction

Step 3

Operation

1. Pre-Development

The Pre-development stage encompasses the process of acquiring the suitable properties, planning the project and a myriad of administrative work. Often clients come to us during this stage and we design a plan to assist them in the various tasks. The Pre-Development stage responsibilities can include communications with various stakeholders involved in the planning process and tracking of activities encompassing:

- Analyzing a property and its market to determine the highest and best use
- Performing feasibility studies
- Budgeting hard and soft costs
- Conducting surveys and obtaining environmental reports
- Acquiring the property, including land purchase execution and due diligence procedures
- Governmental and Community Outreach and
- Planning Permission
- Obtaining land use approval and building approval permits

2. Construction

Once all relevant permits are in hand, we enter the next stage, Construction, in the real estate development process. During this phase, development teams must work with a construction company to diligently track the progress of each phase. Often, developers begin marketing the building to potential tenants, and enter into pre-lease/purchase agreements. Finally, at the end of the Construction process, certificate of occupancy will be granted by the municipalities.

3. Operation

The final step is monetizing the property. For some developers, this may mean selling the completed development in whole or part or holding it to generate revenue by leasing it to tenants. The primary goal during the operations phase is to generate revenue based on your investment strategy.

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