Block Development Company
Block Development Company (BDC) is an entity that will
purchase, finance, and develop all types of commercial
real estate including, but not limited to, multi-family, retail,
medical, industrial, and office. BDC will handle all aspects of
the development process and can turn over the project at
completion to the client on a build-to-suit arrangement.
BDC will provide services in the following areas:
Site Acquisition/Selection
BDC will coordinate site selection, advise the client on the highest and best uses for the property, review and advise on
master planning options, handle all aspects of due diligence
functions, and coordinate other functions including survey,
title, geotechnical, environmental, and traffic.
Procurement of Project Team & Coordination of Approvals
We will hire all project team members such as the architect,
civil engineer, MEP engineer, and structural engineer. In addition,
we will arrange special inspections and testing, coordinate
lender approvals, permits, entitlements, Corps of Engineers
requirements, mitigation if necessary, and evaluate
client benefits for conservation easements on the property.
Budget & Finance
BDC will provide the client with project costs, pro forma,
and project budgets. We will handle all aspects of financing,
debt service payments, lender contracts and acquisitions,
construction financing, and permanent financing. We will also
complete all monthly reports, construction draws, tax valuations
and all operational expense requirements.
Construction & Closeout
As the project and development project concludes, we will complete all cost reporting, close all contracts, handle all
pay-offs and retainage requirements, complete final project
reviews and client communications, prepare new management
and maintenance contracts, handle all property start-up
functions, and finalize such other closeout documentation.
