How any development opportunity should be treated

Real estate development is a complex and multifaceted endeavour that involves a series of carefully orchestrated steps to transform an idea into a physical reality. ATA development consultants guide owners and the development team through a comprehensive five-step process, ensuring that each phase is executed with expertise and precision.

5 stages of development

Stage 1:

Conception and Feasibility

Market Analysis and Project Definition: ATA development consultants collaborate with the owner to conduct a thorough market analysis, identifying the needs, demands, and opportunities within the target market.
Team Assembly and Goal Setting: The development team is assembled, bringing together experienced professionals in various disciplines, such as architecture, engineering, and finance. Clear goals and objectives are established for the project, ensuring alignment among all stakeholders.
Property Acquisition and Initial Concept: The ATA development consultant assists the owner in securing or defining the property to be developed. An initial building concept is developed, outlining the project's form, function, and overall design direction.
Feasibility Study: A comprehensive feasibility study is conducted, assessing the project's financial viability, regulatory compliance, and environmental considerations. This assessment provides valuable insights for decision-making and risk mitigation.

Stage 2:

Planning and Approvals

Preliminary Designs and Pro Forma Analysis: Preliminary designs are created, providing a visual representation of the project's layout and features. Pro forma financial projections are developed, outlining the project's anticipated costs, revenue streams, and profitability.
Capital and Operating Budgets: Detailed capital and operating budgets are prepared, encompassing all anticipated expenses associated with the project's development, construction, and ongoing operation.
Financing and Entitlements: The ATA development consultant assists the owner in securing financing through applications and negotiations with lenders or investors. The process of obtaining zoning approvals, entitlements, and development permits is diligently pursued.

Stage 3:

Pre-Construction

Construction Contract Negotiations: Negotiations are undertaken to secure an acceptable construction contract with a qualified contractor. This contract defines the scope of work, responsibilities, and payment terms.
Constructability Reviews: The ATA development consultant conducts constructability reviews of the construction documents, ensuring that the plans and specifications are practical, efficient, and compliant with building codes and standards.
Final Capital Cost Budget: A definitive capital cost budget is finalized, incorporating all anticipated expenses and reflecting any adjustments made during the pre-construction phase.
Construction-Related Agreements: Finalization of construction-related agreements, such as insurance policies, warranties, and subcontractor contracts, takes place.
Necessary Approvals: The ATA development consultant ensures that all necessary approvals are obtained, allowing for a seamless transition into the construction phase.

Stage 4:

Construction

Construction Meetings and Issue Resolution: The ATA development consultant actively participates in construction meetings, providing valuable input and addressing any issues that may arise during the construction process.
Cost Monitoring and Account Management: Continuous monitoring of project costs is maintained, ensuring that expenditures align with the approved budget. The consultant facilitates advances from financing agencies as needed.
Marketing and Pre-Leasing/Pre-Sales: Depending on the project, the ATA development consultant may initiate and coordinate the marketing, pre-leasing, and pre-sales process, generating interest and securing tenants or buyers early on.

Stage 5:

Completion and Ongoing Management

Property Management Setup: The ATA development consultant assists the owner in establishing ongoing property management for the new development, ensuring smooth operations and tenant satisfaction.
Initial Move-Ins and Punch List Completion: The consultant helps facilitate the initial move-in process, addressing any tenant concerns and ensuring a seamless transition into occupancy. Additionally, the consultant oversees the completion of the punch list, resolving any outstanding construction deficiencies.
Final Capital Cost Reconciliation: A final reconciliation of the project's capital cost is conducted, ensuring that all expenses have been accurately accounted for.
Additional Support: Depending on the specific needs of the project, ATA development consultants can provide further assistance in areas such as funding, property management, body corporate matters, and purchase contracts as well as FIRB (if required).

Throughout the entire real estate development process, ATA development consultants serve as trusted advisors, guiding owners and the development team with expertise, dedication, and a commitment to achieving exceptional results.

OUR PROJECTS

Bringing Ideas To Life

At ATA Development & Marketing, we take pride in our successful projects and the unique DNA of each one. Our team of experts work tirelessly through the 5 stages to bring to life stunning developments across Queensland.

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