Turner & McKiernan’s approach to Ground Up Development is creating value for our investors through developing raw land into desirable assets.
What is Ground Up Development?
Ground up development is the building of a real estate asset completely from scratch. The starting point can be in the form of undeveloped land or the complete leveling of an existing structure. A renovation project, however, doesn’t start from scratch. Instead, many of the building’s components are demolished and rebuilt, while its structural elements are left intact. Typically, renovation projects require a fair bit of construction work – just like a ground-up project – but if a large part of an older building is being utilized, it’s still most likely referred to as a renovation.
Turner & McKiernan Ground Up Development Strategy
Turner & McKiernan closely follows the demand trends in the market to which we cater our ground up developments towards. Our proven track record shows a keen ability to target market needs, deliver the correct product for the area, and efficient project delivery due to constant and consistent communication. We approach development with an entrepreneurial methodology., allowing us to take on unique development opportunities the large scale publicly help development companies cannot.
Turner & McKiernan’s complete commercial development services include:
- Strategic Development Planning – As successful optimistic developers of commercial real estate we seize development opportunities ahead of competing developers who typically follow local trends. Turner McKiernan prefers to set the development trends rather than to follow! We find this provides maximum return for our partners.
- Acquisition – Turner McKiernan ability to locate and find off-market opportunities will provide maximum return on each project. Our direct relationships and pulse on the market allow us to underwrite most projects before they are even available to the public.
- Site Selection – Turner McKiernan’s knowledge within the local markets allows for maximum value proposition through selecting the best sites available including location, local tax benefits/abatements, and more.
- Design – Our in-house design team will propose value-engineered layouts that will be efficient for the specific use while also being ascetically pleasing to maximize value and protect values for the life of the development.
- Financing – Turner McKiernan’s long-standing relationship with lenders & sources of capital will provide the most attractive traditional and non-traditional financing options available. IERNAN