Due Diligence Phase
A. Site Feasibility Assessment
Galloway prepares a detailed analysis of site conditions and constraints to assist the development team in determining the feasibility of a site, including: meeting with city, state, and federal agencies, obtaining utility availability letters from all wet and dry utility providers, conducting meetings with city officials to identify any political issues that may prevent a site from being approved, etc.
Galloway conducts a detailed zoning analysis in coordination with city staff to determine the process and procedures required to entitle the project.
Galloway prepares preliminary grading and utility plans in order to identify and determine costs for the on-site and off-site infrastructure required for the project.
Galloway coordinates with other members of the client’s predevelopment team such as the market analyst, real estate attorney, pro-forma analyst, etc.
B. Schedules & Opinions of Probable Costs
Galloway prepares detailed project schedules in MSProject (or other formats, as required), incorporating all phases of the project in coordination with the client.
Galloway conducts a design analysis and constructability review to determine the best methods for site design and construction.
Galloway prepares detailed opinions of probable costs for the project, including on-site and off-site hard costs (buildings, site work, roadway improvements, landscaping, etc.) as well as soft costs (professional service fees, city permit fees, impact fees, utility tap fees, etc.).
Galloway coordinates the due diligence items of a typical real estate transaction, including ordering and reviewing title, ALTA/ASCM boundary and topographical surveys, environmental phase 1 and phase 2 investigation, geotechnical investigation, traffic impact analysis, wetland study, etc.
Galloway also assists in preparing requests for proposals for additional consultants required for the project.