(970) 667-7000
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At LC Real Estate Group, one of our specialties is commercial land development for the prospective entrepreneur or larger corporate representative. Our vision at LC Real Estate Group has always been to improve the quality of the built environment across the Front Range, and although we are primarily established in Loveland, LC Real Estate Group also develops and maintains properties in Fort Collins, Greeley, Windsor, Laporte, and Berthoud. Some of the different real estate options that LC Real Estate Group has available for commercial land development include: industrial, land, land for lease, multi-family, office, residential, residential land, retail, self-storage, and subdivisions.
But regardless of what type of real estate opportunity you are looking to invest in, the people at LC Real Estate Group realize that commercial real estate development is all about taking ideas on paper and turning them into actual properties that generate income. Such commercial real estate development is an intricate process that involves many different professionals, including architects, landscape architects, civil engineers, site planners, attorneys, environmental consultants, surveyors, title companies, lenders, general contractors, and subcontractors (amongst others), and LC Real Estate Group is here to assist you during every phase of this time-consuming commercial land development process.
In general, the commercial real estate development process can broadly be broken down into three stages, all of which LC Real Estate Group is here to assist you with:
Site Selection and Deal Making
The initial phase of commercial real estate development involves a great amount of research and analysis to determine is a proposed development is truly viable. A successful retail site must meet market demand, satisfy tenant requirements, satisfy lending conditions and regulatory requirements, and must accommodate the consumer.
At LC Real Estate Group, we use multiple sources of information and consult with commercial real estate developers to examine all available properties within a designated trade area that meet basic site requirements. Some of the most important factors that LC Real Estate Group looks at when determining the right commercial site for your needs include property size, visibility, traffic flow, demographics, zoning restrictions, surrounding infrastructure, potential access points, competitors (and their performance), and nearby tenants (along with their sales data).
Development and Entitlement
Once your site has been selected and your site plans have been created, it’s time to get down to the development details. This next phase focuses on critical sign-offs and approvals required for the newly proposed commercial real estate development(s) to come to life through municipality approval.
Getting a commercial development started often begins with bringing in a wide variety of consultants (e.g. architects, civil engineers, etc.) to make sure the best development plans and processes are being put into place to meet budgetary needs. The professionals at LC Real Estate Group can handle all of these conversations and commercial development needs.
In addition to the development side of the commercial development process, the appropriate municipal and government entities need to sign off on important review documents (e.g. zoning reviews, site plan reviews, design reviews, etc.) before a project can commence. Again, the professionals at LC Real Estate Group can assist you with all of the legal documentation that you will need to attain for your commercial land development project.
Construction and Tenant Turnover
Now that your development plans have been submitted and approved, your permits issued, and you’ve closed on the property, it’s time to start building and bringing your commercial development project to life. LC Real Estate Group can assist you by working with general contractors and subcontractors to make sure your commercial development project is completed in an agreed upon timeframe. The contractors and subcontractors will handle the construction jobs of soil movement, foundation laying, and finally building your finished structure (which includes landscaping, electrical, roofing, and plumbing).
Once the project meets all of the final inspections, codes, and ordinances, the appropriate municipal agency will issue a Certificate of Occupancy for the property, and then tenant move-in can occur. During tenant move-in, you are able to access your completed commercial development infrastructure and can begin on the business side of your new building.
To inquire further about how the people at LC Real Estate Group can help you, please contact us at (970) 667-7000 or visit our website at https://lcrealestategroup.com/.
