Soliton Scope of Services

PRE-DEVELOPMENT PHASE

Time Frame:  3-4 months

• Pre-Development Services include:
• Site selection and coordination of acquisition
• Market analysis – supply and demand, pricing projections
• Highest-and-best use analysis
• Engage and supervise masterplanner to develop concept masterplan/conceptional design
• Develop preliminary project budget, cash flow analysis and feasibility analysis
• Develop preliminary project schedule
• Propose investment structure for fund-raising/financing
• Reporting to owners and stakeholders

Deliverables:  
Concept Masterplan
Preliminary Development Plan
Feasibility Study

DEVELOPMENT PHASE

Time Frame:  approximately 6 – 12 months

• Investment Management Services include:
• Sourcing of debt and equity sources for project financing
• Preparing financing and investment memorandums (with legal counsel) and negotiating terms with lenders and investors
• Development Management Services include:
• Select, engage, contract and supervise master planner, architects, engineers and other consultants for the project 
• Update project budget, cash flow analysis and feasibility analysis
• Develop and implement branding and marketing plan
• Develop and implement sales (if applicable)
• Negotiate all necessary approvals to commence construction
• Reporting to owners and stakeholders

Deliverables:  
Final Development Plan
Detailed Masterplan
Approvals for Construction

CONSTRUCTION PHASE

Time Frame:  for the project, depending on program and phasing
for individual buildings, between 18 - 36 months

• Development Management Services include:
• Prepare bid packages
• Select, negotiate and engage contractors and sub-contractors
• Maintain detailed project budget and schedule
• Monitor and supervise construction progress, including any infrastructure or sub-developers
• Close-out inspections
• Commissioning Plan
• Reporting to owners and stakeholders

Deliverable:
Completed Project

OPERATIONS PHASE

Time Frame: tbd if applicable

• Coordinating all leasing and sales activities with the project team
• Manage the day-to-day operations of the completed project, including maintenance, cleaning, etc.
• Monitor and supervise third-party contracts
• Prepare Annual Business Plan and Budget for operations, leasing and capital expenditures
• All costs, including those associated with Hines dedicated on-site staff, will be payable out of project revenues.
• Reporting to owners and stakeholders

Deliverable: 

International Best-in-Class Property Management