Project Feasibility Study
Stage 2
Project viability is an assembly of all relevant development information and the management of any background information that may apply to the project.
​
This background information can include a detailed overview of the site, adjacencies, market research, evaluation of the desired end product, and the ability to comprehensively assemble all the elements into a viable master plan and development program.
​
Project Feasibility Components
1. Capital Overview
Depending on the location and size of the project, NUDG will manage and undertake select activities in house where possible to save time and money.
2. Background Data Assembly
Environmental, legal, and technical assessments that protect your investment and identify opportunities.
3. Develop Project Vision
We look at the key goals for the project, and whether or not the preferred product type makes sense within the project parameters, including approval viability, timelines, servicing and construction constraints, etc. Additionally, we assess the marketability of the desired product and whether it is something that the investor groups will buy into. This stage may also include a preliminary meeting with the local approving authority to discuss the project vision.
4. Market Research
Depending on project size and scope, we may work with a variety of Market Research firms to confidently assess the viability of the vision and provide further insight into latent market opportunities.
5. Schematic Master Plan (SMP)
Preliminary Land Development Concept based on the established Vision
6. Project Feasibility Report & Development Brief
This brief determines in writing the vision for the project and is an essential tool in assembling preliminary investors, JV partners, tenants and local approving authorities.
7. Preliminary Meeting with the Local Approving Agencies
Environmental, legal, and technical assessments that protect your investment and identify opportunities.
8. Decision to move forward with the Project
Environmental, legal, and technical assessments that protect your investment and identify opportunities.