i. Pre-Development & Feasibility

Pre-development and feasibility activities assess whether a real estate project is viable before significant capital is committed. This stage evaluates market demand, regulatory constraints, site conditions, financial assumptions, and execution risks to determine whether a project should proceed, be modified, or be abandoned.

Concept Design

Early design work used to explore massing, layout, and program feasibility before detailed plans are produced.

Environmental Assessment

An evaluation of potential environmental conditions or contamination that may affect development viability or cost.

Feasibility Study

A comprehensive analysis of market, financial, regulatory, and physical factors to determine whether a project is viable.

Highest and Best Use Analysis

An assessment of the most economically productive use of a site that is legally permissible and physically possible.

Land Assembly

The process of acquiring multiple parcels to create a site suitable for development.

Market Study

An analysis of supply, demand, pricing, and absorption to evaluate market support for a proposed project.

Preliminary Budget

An early estimate of development costs used to test financial feasibility.

Pro Forma

A forward-looking financial model estimating development costs, revenues, and returns.

Regulatory Feasibility

An assessment of zoning, land use, and entitlement requirements affecting development potential.

Site Analysis

Evaluation of a site’s physical characteristics, including access, utilities, topography, and constraints.

Site Control

Legal or contractual control over a property, such as ownership, option agreements, or purchase contracts.

Timeline Feasibility

Assessment of development duration, approvals, construction sequencing, and delivery risks.