Real Estate Development Project Management | Avison Young US - United States

Real estate development project management for commercial real estate

Mitigate risks and meet real estate business goals

Projects are complex. Without the right project management expertise with processes in place a myriad of things can go wrong. These miscues result in extended deadlines or exceeding budgets, which is not just an issue for the project team; it’s disruptive to your business and profits.

At Avison Young, we start every project with strong, expert leadership so our clients have a high level of confidence from the onset. Applying our deep experience and market knowledge, we lead our clients in defining project goals specific to their business—from vision to completion. Then, we employ proven processes to assemble the right vendors and consultants to ensure a tailored solution to your specific need. All communications and information flow are facilitated to ensure that every discipline is aligned with the project goals. We initiate and manage the planning and execution process, oversee all resources, mitigate risks and manage changes on our clients’ behalf. This results in high-quality projects that are on-time, within budget, and meet our clients’ goals.

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We help clients across a broad spectrum of needs. For occupiers, we assist in the evaluation of stay-in-place renewals, consolidations, and restacks. We help with relocations to leased or purchased buildings. We also lead ground-up development projects. For investors, we help search for and evaluate new investments, as well as service existing properties or portfolios.

Our occupier services include:

Project initiation and setting of business objectives
Site selection comparison, zoning analysis, and due diligence
Project budgeting from benchmarking
Schedule development and management
Lease analysis for base building improvements and workletter
Oversight of governmental and local approval processes and incentives
Consultation on selection and contract negotiation

Project implementation services

Develop process and manage all communications and workflow
Oversee project planning, design, and documentation
Estimate construction cost and monitor budget parameters
Identify and provide options to mitigate risk
Update and manage budget and schedule with detailed client reporting
Manage change orders and cost segregation
Oversee construction bidding, value engineering, and coordination
Coordinate and oversee furniture, fixtures, and equipment bidding
Handle move management, close out, and space decommissioning
Assist with tracking and preparing of tenant reimbursement packages

Sustainable practices and certifications

LEED-accredited professionals
LEED experience for CI, NC, EB from certified to platinum

Our investor services include:

Base building services

Building evaluation and due diligence
Project budgeting and schedule development
Capital improvement services
Value engineering expertise
Detailed project administration and reporting
Sustainable practices and certifications

Development services

Site evaluation, zoning analysis and due diligence
Development of cost models during feasibility stage to enable financial decision making
Define ‘as-of-right’ development potential and coordinate site plan approval process
Provide development management services
Procure and manage all consultant/ vendor/contractor services

Leasing / tenant services

Marketing plans, workletter, and building standards development
Tenant programming/planning management
TI budgeting and workletter development
Tenant project management services

Construction management

Project planning, oversight, and budgeting
Value engineering expertise
Subcontractor qualification, bidding, and contract management
Construction project management and supervision
Manage safety standards
Lien waivers, punch list, and close out

Trend #5: Critical mass

Growth in use of cross-laminated timber as a structural element in construction is supporting decarbonisation of real estate. Learn more in our report featuring the 10 trends we see impacting CRE in 2023.

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