Development

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As an Owner’s Representative, Lundy will take on all responsibilities of an absentee or passive owner in the development process. A detailed agreement with the Owner will specify the scope of duties and authority assigned to Lundy. In this capacity, Lundy effectively acts as the owner in their absence, while maintaining ongoing communication and reporting to apprise the Owner of the project’s status.

Lundy will assemble and direct the Project Team, including the architect, contractor, engineers, and other necessary professional services. We will carefully define each team member’s role to assure that his/her expertise is best utilized and duplication of effort is avoided. Lundy will coordinate all Project Team meetings and communication. We become the primary contact for the Owner, streamlining the communication process.

Lundy and the Project Team will: carry out all activity necessary to define the project’s market; conceptualize, plan, and design the project to meet that market; obtain all entitlements for the project; build public and governmental support of the project; attract interest in the project from prospective tenants and/or purchasers; arrange debt and/or equity for the project, as required; and prepare the project for construction.

Lundy’s fee as an Owner’s Representative is based on time and expenses. Our current fees are $200 per hour for professional time and $60 per hour for administrative time, plus actual out-of-pocket expenses. Our Owner’s Representative Agreement is cancelable upon 30 days notice if for any reason you do not feel we are bringing value to your project.

Fee Developer

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As a Fee Developer, Lundy will take on all responsibilities of the development process. A detailed agreement with the Owner will specify the scope of duties and authority assigned to Lundy.

Lundy will assemble and direct the Project Team, including architect, contractor, engineers, and other necessary professional services. We will carefully define each Team member’s role to assure their expertise is best utilized and duplication of effort is avoided. Lundy will coordinate all Project Team meetings and communication. We become the primary contact for the Owner, streamlining the communication process.

Lundy and the Project Team will carry out all activity necessary to define the project’s market: conceptualize, plan, and design the project to meet that market; obtain all entitlements for the project; build public and governmental support of the project; attract interest in the project from prospective tenants and/or purchasers; and prepare the project for construction. Additionally, Lundy will establish and maintain the project schedule, review and approve all contractors’ and subcontractors’ bids, assure compliance to project budget, conduct field inspections of project progress, resolve design and construction problems, schedule and attend inspections, approve all change orders, coordinate owner-tenant concerns, prepare punch-lists, obtain occupancy certificates, and place the building in service.

Fee Developer services are provided on a percentage fee basis. The fee is based on the total project cost. Lundy’s percentage fee is on a sliding scale, reducing as the size of the project increases.

Develpment Consultant

As Development Consultant, Lundy will provide consultation to the owner/developer regarding any requested elements in the development process. This could include, but would not necessarily be limited to:

  • Input on concept and design
  • Site analysis and selection
  • Review of real estate contracts
  • Market analysis
  • Review of cost analysis and pro-formas
  • Review of contractor’s bids
  • Assisting in entitlement/permitting
  • Review of marketing/leasing plan.

This service is best utilized by owners/developers who plan on taking an active role in developing their project, but would like the benefit of professional, objective advice on an as needed basis.

Development Consulting services are provided on an hourly fee basis, affording great flexibility to the owner/developer. Lundy’s Development Consulting fees range from $200 – $300 per hour, depending on the anticipated scope of involvement. Our Development Consulting Agreement is cancel-able upon notice, if for any reason you do not feel we are bringing value to your project.

Project/Construction Management

Lundy provides comprehensive Project and Construction Management services. This service includes but is not necessarily limited to: coordination of the development team, scheduling and directing all development team meetings, establishing and maintaining the project schedule, obtaining necessary permits, reviewing and approving all contractors’ and subcontract