Foundations — how a site becomes a project
The first stage, in order: securing control of a site, understanding what may be built on it, confirming that it can actually be served, and testing whether the idea survives arithmetic before money is committed.
Who it is for
Anyone looking at a first site, or at a deal someone else has put in front of them, who wants to know what has to be true before proceeding.
See 101 on the Academy siteWhat it covers
- Site control — contracts, option and feasibility periods, and what each one really buys you
- Zoning, use and entitlement: what is permitted, what requires approval, and how long approval takes
- Utilities and infrastructure — capacity, commitments and who pays for the shortfall
- Title, survey, easements and access
- Environmental, floodplain and geotechnical conditions
- First-pass feasibility: the back-of-envelope test and when to stop
- The record set a project is expected to carry from day one
What you should be able to do afterwards
- Read a site for what it can support rather than what it is hoped to support.
- Know which diligence items are fatal and which are merely expensive.
- Set a feasibility period long enough to answer the questions it exists to answer.
- Walk away early, cheaply, with reasons you can state.