Developers

IMPORTANT CONSIDERATIONS PREPARATION Allow 2 yrs to find the land and for development all the way through to occupancy. First develop clear idea of type and size of property/building needed, allow for growth. Determine specific geographic areas that are acceptable. Request the developer to propose at least 4 site alternatives. Find out in advance what are included as standard tenant improvements. CHOOSING A VENDOR Look for a vendor with a strong and real presence within the area you are interested. Visit actual projects to determine quality of work (do not rely on developer's literature.) Talk to tenants in buildings that were developed by the developer. Developer should be committed to property during and after development. Check financial stability: longevity in market, existing leased; contact bankers.
CHECKLIST	DAYS BEFORE MOVE
Define needs & geographical area	2 YRS
Contact developers for interviews	2 YRS
Review qualifications/financial stability/select.	2YRS
Developer to deliver at least 4 site alternatives.	2YRS
Select site, type of building	2YRS
Developer to put together proposal.	2YRS
Negotiate and get signed agreement.	2YRS
Design and permits phase.	2YRS
Construction phase.	1 YR
Final steps to insure occupancy will be possible.	30