Development Consulting Services
JGR Development Group is real estate development company based in Greensboro, NC serving North Carolina and Georgia. We offer real estate development consulting services in Greensboro, Winston-Salem, Hoke County NC, Atlanta GA, and surrounding areas. Taking on a development project of any size requires detailed planning and an experienced team that can provide both generalized and specialized knowledge throughout every step of the project. Our firm prides itself on detailed feasibility analysis and carefully studying all regulatory, political, and legal implications of a project to ensure our clients’ needs are met without obstacle. Additionally, we review all design and planning documents throughout development to ensure the best, most cost-effective solutions are implemented, saving our clients both time and money.
We can manage all entitlement and permitting measures, negotiate with the necessary interest groups, identify and prevent construction or utility concerns, and ultimately protect each project’s goals from beginning to end. From budget development and design to the final closeout, JGR Development Group will lend our experience to offer expert recommendations for your development plan.
The deliverables you can expect
JGR Development Group prides itself on detailed feasibility analysis, carefully studying all regulatory, political, and legal influence on a project to ensure our clients’ needs are always met without obstacles. From budget development to the design process to the final closeout, JGR Development Group manages each project with precision and dedication.
We make it our mission to review all design documents throughout the process to ensure that the best, most cost-effective solutions are implemented, saving our clients both time and money while providing the highest quality construction. Entitlement and permitting measures are handled by our team of seasoned experts who effectively negotiate with necessary interest groups, identify and prevent potential delays with code and utility concerns, and protect each project’s fundamentals and goals from beginning to end.
Pre-Development
Every deal begins with this step. A developer sees an available building or vacant land and tests potential ideas. Informed by market drivers, planning and feasibility studies, and local community input, the developer comes up with a concept to fill a void in the market. During this process, the developer attempts to acquire the land or property by negotiating a purchase price and entering into a legally binding contract called a purchase agreement. Before the sale closes and is finalized, the development enters into a due-diligence period.
Due diligence involves review of a property’s title history, zoning restrictions, environmental concerns (such as lead, asbestos or other contaminants), and other encumbrances on property (such as liens or easements). The developer’s civil engineer and attorney drive this process. Additionally, if the proposed use does not adhere to current zoning requirements, the developer must apply to the City for rezoning.
Throughout this process, the developer brainstorms potential funding sources that are compatible with the project. Funding sources may include any combination of equity, bank loans, and public funding. Developers conduct a financial analysis to determine whether the potential revenue generated from the building will cover operational costs, debt service, and returns to investors. The Pre-Development phase and Design phase often overlap, with issues such as rezoning and financing being settled throughout both phases.