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Before purchasing property with the intent of development, it is important to know the site’s potential. We perform a complete analysis of the site often creating conceptual site plans to assist you in making decisions about the purchase. We analyze the constraints, existing entitlements and the political environment, to determine if a site is suitable to implement a particular aesthetic or financial vision.
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On large, complex projects where more flexibility is desired, time spent in the public arena can be greatly reduced by creating a development agreement early in the entitlement process. Development agreements are used to clarify both the developer’s and the larger community’s responsibilities for infrastructure, density, allowed uses, public financing and further approval processes. Knowing your responsibilities and what the greater community has agreed to up-front makes the development process run more smoothly. This allows for a more accurate budget and pro forma, therefore reducing the financial risk. Espiritu Loci assists legal teams in creating detailed development agreements. We develop graphics that clearly express concepts, while maintaining flexibility for later phases of development. We have the ability to analyze the outcome of concessions and agreements and their impact on the development of your vision. |
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