Real Estate Development

  1. Stage 5: Design and Engineering
    1. The Design Process
      1. Conceptual Design
        1. Visioning and Programming
          1. Space Programming
            1. Functional Requirements
              1. Design Goals
              2. Site Planning
                1. Site Analysis
                  1. Circulation Planning
                    1. Parking Design
                    2. Massing Studies
                      1. Preliminary Cost Estimates
                      2. Schematic Design
                        1. Floor Plans and Elevations
                          1. Space Planning
                            1. Architectural Character
                            2. Initial Cost Estimates
                              1. Cost per Square Foot
                                1. Budget Reconciliation
                                2. Design Development Schedule
                                3. Design Development
                                  1. Detailed Drawings
                                    1. Architectural Plans
                                      1. Structural Plans
                                        1. MEP Plans
                                        2. Material Selection
                                          1. Exterior Materials
                                            1. Interior Finishes
                                              1. Sustainable Materials
                                              2. Refined Cost Estimates
                                                1. Code Compliance Review
                                                2. Construction Documents
                                                  1. Permit Drawings
                                                    1. Architectural Drawings
                                                      1. Engineering Drawings
                                                        1. Detail Drawings
                                                        2. Specifications and Schedules
                                                          1. Technical Specifications
                                                            1. Material Schedules
                                                              1. Equipment Schedules
                                                              2. Bidding Documents
                                                            2. Assembling the Design Team
                                                              1. Selecting an Architect
                                                                1. Qualifications and Portfolio Review
                                                                  1. Relevant Experience
                                                                    1. Design Quality
                                                                      1. Project Size and Type
                                                                      2. Contract Negotiation
                                                                        1. Fee Structure
                                                                          1. Scope of Services
                                                                            1. Schedule Requirements
                                                                            2. Reference Checks
                                                                            3. Hiring Engineers
                                                                              1. Civil Engineer
                                                                                1. Site Grading and Drainage
                                                                                  1. Stormwater Management
                                                                                    1. Erosion Control
                                                                                    2. Utility Design
                                                                                      1. Water and Sewer
                                                                                        1. Storm Drainage
                                                                                        2. Traffic Engineering
                                                                                        3. Structural Engineer
                                                                                          1. Structural Systems Selection
                                                                                            1. Foundation Systems
                                                                                              1. Framing Systems
                                                                                              2. Seismic and Wind Considerations
                                                                                                1. Load Calculations
                                                                                                2. Mechanical, Electrical, and Plumbing (MEP) Engineer
                                                                                                  1. HVAC Design
                                                                                                    1. System Selection
                                                                                                      1. Energy Efficiency
                                                                                                      2. Electrical Load Calculations
                                                                                                        1. Power Distribution
                                                                                                          1. Lighting Design
                                                                                                          2. Plumbing Systems
                                                                                                            1. Water Supply
                                                                                                              1. Waste Systems
                                                                                                            2. Fire Protection Engineer
                                                                                                              1. Acoustical Engineer
                                                                                                              2. Landscape Architecture
                                                                                                                1. Site Landscaping
                                                                                                                  1. Plant Selection
                                                                                                                    1. Irrigation Design
                                                                                                                    2. Hardscape and Outdoor Amenities
                                                                                                                      1. Paving Design
                                                                                                                        1. Site Furniture
                                                                                                                        2. Stormwater Management
                                                                                                                        3. Specialty Consultants
                                                                                                                          1. Kitchen Design
                                                                                                                            1. Audio-Visual Systems
                                                                                                                              1. Security Systems
                                                                                                                            2. Value Engineering
                                                                                                                              1. Cost-Benefit Analysis
                                                                                                                                1. Cost Reduction Opportunities
                                                                                                                                  1. Performance Impact
                                                                                                                                  2. Design Alternatives
                                                                                                                                    1. Material Substitutions
                                                                                                                                      1. System Alternatives
                                                                                                                                        1. Scope Modifications
                                                                                                                                        2. Life Cycle Cost Analysis
                                                                                                                                          1. Implementation Strategies
                                                                                                                                          2. Integration of Building Systems
                                                                                                                                            1. Coordination of Disciplines
                                                                                                                                              1. Design Coordination Meetings
                                                                                                                                                1. Clash Detection
                                                                                                                                                2. Building Information Modeling (BIM)
                                                                                                                                                  1. 3D Modeling
                                                                                                                                                    1. Coordination Benefits
                                                                                                                                                      1. Construction Documentation
                                                                                                                                                      2. Constructability Review
                                                                                                                                                        1. Code Compliance Coordination

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                                                                                                                                                      5. Stage 4: Project Financing and Capitalization

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                                                                                                                                                      7. Stage 6: Construction