Real Estate Development

Building Sustainability Planning

Capital Management

Financial Planning

 Every project is unique and responds to different market and social needs. LDG has categorized the many components present in a real estate development into the following six steps: 

• Engagement
• Concept Planning
• Feasibility
• Pre-Construction
• Construction
• Turn Over 

The steps noted above capture the various development phases a project will move through as it is designed and developed. Each development phase results in deliverables and decision-points that help move the project through the rest of the development process.

Phase/Step 1: Engagement 

In this stage LDG meets with the client to learn more about the project concept, explore initial project needs, and understand the level of support required from LDG on the part of the client. Through this process the project’s goals and objectives are refined and a potential budget is determined.

The intent of this phase it is to gain a clear understanding of the client’s project and the formation of an agreement for continued work.

Phase/Step 2: Concept Planning

Once an initial understanding of the project is established an initial project sketch will be completed to better understand the concept. This sketch will also be used to prompt continue conversations and input from the client group as well as any other interested parties or stakeholders.

The intent of this phase is to better understand the project budget, establishing location and land agreements, and defining the project’s target market and eventual residents.

Phase/Step 3: Feasibility

After the project concept is approved by the client group continued work is completed for preliminary drawings and costing. A need and demand analysis is completed along with a project capital and operating budget. Project and organizational documents are gathered, and submissions are completed to relevant funders and financing bodies.

The intent of this stage is to have a firm idea of the project concept and determine if the project is feasible based on market need and demand, project cost, and relevant funding and financing. Various consultants and municipal, provincial, and federal contacts will be made as part of this process.

Phase/Step 4: Pre-Construction

After initial feasibility is proven the project continues with complete construction documents, a full costing by a quantity surveyor is conducted, building permit is acquired, and contractors are selected, and agreements put into place.

Phase/Step 5: Construction

Construction is initiated on the part of the contractors. LDG works with the construction manager or contractor depending on the arrangement. Project meetings take place on a regular basis to ensure deliverables are completed on time. Changes to the financial plan are monitored. As project nears completion, property management is considered.

Phase/Step 6: Turn Over 

Construction is completed and residential occupancy is in progress. LDG will work with the client to determine property management arrangements through LDG’s network should it be required.