Commercial real estate (CRE) developments are rarely simple and require thoughtful consideration with every decision. Hiring an experienced development team in the earliest stages of a project will make a huge difference in the delivery and viability of your completed project. Consider the following when looking to hire a real estate developer:
- Background & Professional Network
Not unique to CRE, it is important to know a company’s background when engaging as business partners. Reviewing a company’s history, services, and project scale guide you in finding a firm with capabilities and experience that meet your needs. CRE development requires many players in each project: developer, general contractor, architect, engineers, bankers, attorney, design professionals, leasing agents, property managers, and the list goes on. It is important the clients know that their developer has a solid network of reliable professionals and business partners in order to develop and successful project.
With over 90 years of combined development experience, Shannon Waltchack (SW) has completed numerous development and redevelopment projects throughout the Birmingham area. The planning and development of a project requires collaboration with owners, architects, contractors, and the community from the beginning. This transparent approach mitigates risks in the future and schedules, maintenance, property improvements, and takes entitlements into consideration. Our experts work to identify the right solutions, so your building achieves your vision and suits your business needs.
SW is uniquely qualified to represent developers and owners in real estate construction in major commercial projects. Our team manages the design team costs, cash flow, quality, and timing for the best possible delivery and return, allowing our clients to focus on running their businesses. SW has established relationships with development professionals throughout the market. Previous projects and collaborations with seasoned experts provide us with the unique ability to create successful teams of vendors for development opportunities.
2. Track Record & Portfolio
Understanding a company’s track record and portfolio can guide your decision-making when it comes to hiring a developer for your project. You need to understand specifics on types of projects, delivery time frames, overall quality, and project management style in order to work efficiently together. This will also aide in establishing expectations for your developer.
Our full-service firm is committed to creating significant value and providing financial analysis to conquer all construction and design challenges that will arise. Our knowledgeable team will work from inception to completion with services tailored to your project goals, prioritizing a high-quality finished product and creative solutions along the way
3. Financial Stability & Timelines
The financial stability and security of a developer is just as important as anything else. To complete a successful project in a reasonable timeline, you need partners with expert financial experience to secure financing, adhere to reasonable budgets and deliver the project in a timely manner. Finances and timeline are two major factors that directly affect your project’s bottom line.
SW is skilled at creating a plan that optimizes the project’s budgetary needs and mitigating risks. Although the entire development process is complex, having an experienced developer can help you navigate the process. With decades of experience developing, owning, and managing commercial properties, our financial and risk analysis coupled with our effective project management, help you to maximize its value.
Our development services can help your vision come to life, from conception to completion. We love real estate, and we especially love a transformation that will deliver a significant value and return on investment.
Here are a few of our latest development and redevelopment projects:
- Rosedale Central – Homewood, AL
- Edgewood Station – Homewood, AL
- The Hollywood – Homewood AL
- Railroad Square – Birmingham, AL
- The Stockyard – Birmingham, AL
- 2121 Highland Avenue South
- Historic Parisian Building – Birmingham, AL
- Paramount Building – Birmingham, AL
- Main Street Urgent Care – Across the Southeast
- Hesco Parkside – Birmingham, AL
If you are looking for assistance or guidance with a development idea or project, we would love to help. Contact us at [email protected].
