At PG Commercial, we understand that navigating commercial transactions can be tricky. Thus, we created a streamlined process to remain as clear and simple as possible with any project we take on – no matter how big or how small.
Phase 1: Pre-development. During this phase of a project, we maintain our focus on due diligence, research, and permitting. It is often the most lengthy phase of development, and carries the greatest and most varied risks because of the increased number of unknowns. Some common steps during this phase, include:
- Market Analysis
- Land Acquisition
- Environmental Analysis
- Development plans
Phase 2: Construction. In this stage, we construct the improvements. It is important to note that although the pre-development tasks have been completed, the project risks at this stage are significantly reduced but not entirely eliminated. Some common steps during this phase, include:
- Permanent Financing
- Property Management
- Vertical Construction
Phase 3: Operation. The final phase of the development process is the first stage of the property’s life. While the risks may be greatly reduced during phase one and two, finding and securing tenants still poses some level of risk. Some common steps during this phase, include:
- Marketing Execution
- Ongoing Leasing
- Hold or sell strategy
At PG Commercial, we will do our diligence to turn your vision into reality. We are ready when you are.