Site search → entitlements → construction → stabilization
Manual workload — grouped by family
~582h total · 156 checkpoints
1Site search & controldevelopment pipelineSubtotal~43h·18 tasks
2Feasibility & pro formaSubtotal~111.5h·31 tasks
OfficeOffice development feasibility hinges on preleasing — typically 50–70% preleased before construction loan close. TI / LC reserves and tenant credit drive yield-on-cost.
Feasibility test
Pencil + preleasing path?
No →Drop site or restructure as BTS.
3Entitlements & anchor preleasingSubtotal~107.5h·32 tasks
Approvals + preleasing
Entitled & anchor signed?
No →Re-design, re-market, or release the site.
4Design & preconstructionSubtotal~91.3h·21 tasks
5Construction financing & equity closecapital stack executionSubtotal~73.3h·14 tasks
Capital stack closed
Cleared to break ground?
No →Re-bid stack, recapitalize, or pause.
6Construction & TI deliverySubtotal~76.3h·20 tasks
7Lease-up & stabilizationSubtotal~79.3h·20 tasks
Stabilized?
Refi, hold, or sell?
Sell →List for sale; merchant-build exit closes the cycle.
Closing table
Deed recorded · Funds released · Keys transferred · Ownership conveyed