What to Look for in a Property Development Partner

Holding your ribbon cutting ceremony will be the culmination of a major endeavor. However, getting there is a sophisticated and complex process with many risks. Partnering with a strong property development company will get you to the grand opening on-time and on budget.  The key is to work with an organization you can trust to put your interests first; one that will be around long after the celebration ends.

So, what does your organization need for a development project? (Click here to watch the video)

1. Local Expertise

You need a partner who understands the local real estate market.  A property development company that can help you examine a number of sites and perform the necessary research. The property developer should be able to learn your business needs and translate them into a real estate solution.

2. Funding Opportunities

Commercial real estate development is a capital-intensive process. A developer with established lending relationships will secure funding with ease. They also should be able to identify eligible public-private partnerships, grants, and economic incentives to offset the project cost.

3. Public Sector Outreach

Real estate development requires significant legal and governmental diligence. Your project will require working with municipal, state or federal agencies. The ability to secure local zoning and building approvals, as well as positive community involvement, is critical to getting a shovel in the ground according to schedule.

4. Broad Resources

Property development involves multiple co-creators including architects, engineers, construction managers and tradespeople to design and execute a project that meets your vision. A property development company with an in-house team and a network of partners will help unify your project. This type of collaboration leverages best practices and value engineering to unlock ways to optimize the project.

5. On-time Delivery

You likely have a move-in date in mind for your new business space. You need a property developer who will have the building ready for that critical deadline. A partner with in-house construction capabilities and experience building in a variety of environments––from complex projects in dense, urban areas to the scalable suburbs–can help you get the project started and delivered on-time.

6. Operational Support

Risks don’t end when the ribbon has been cut. A property developer that also offers property management & asset management services can help control the cost, liability and requirements of operating a building for the long-term. They bring their knowledge, best practices, and preferred vendors to optimize your facility for years to come.

Creating the right building, facility or complex for your organization is a major undertaking. However, by working with a partner that will put your interests first, you can get to the grand opening of your prized new location.

As Western New York’s leading property developer, Uniland delivers great results for our clients, which range from small businesses to Fortune 100 firms. Call Uniland today at 716.834.5000 to discuss how we can help.