Development Consulting

We have deep experience serving as a development consultant or owner’s representative on complicated development projects, including both new construction and major renovations.  Our team members have experience leading over $200 M in award winning projects that include historic renovations, housing & retail mixed use projects, LEED Gold office buildings, urban infill redevelopments,  art parks and urban plazas, Midtown Global Market, and workforce housing for a variety of populations.

Element was founded as a partnership because we recognize that the best solutions arise out of collaborations between people with different ideas, perspectives, and skills.   Our approach to development is the same – we partner with our clients and collaborate with talented professionals to create dynamic and powerful teams.   We go beyond real estate transactions to build strong relationships with our clients and partners. Our development services include:

Feasibility Analysis

Element can work with owners to come up with ideas on how to repurpose a building or site, or complete a feasibility study to test the viability of an idea.  Typical deliverables in this phase include developing a proforma that details project costs, sources of funds, operating revenue and expenses, and ten year operating projections. In addition, we can create high level milestone schedules as well as detailed project schedules for future phases.   

Project Management

Element will oversee every aspect of the construction process from pre-construction to project turnover. This includes helping owners develop the concept plan, hire and oversee consultants and contractors, manage budgets, oversee the draw process, and coordinate decisions with the ownership team.  Upon completion of the project, Element will manage the coordination of punch list close out and critical project document turnover.

Leasing

Element offers tenant representation, landlord representation, acquisition and sale of commercial properties and site assembly primarily within the urban neighborhoods of Minneapolis and St. Paul.

Financing

We bring the leadership and expertise to develop financing strategies that can fund even the most complicated of projects. Services can include the creation of a project proforma, preparation of investment brief, loan solicitation, applications and management for environmental remediation, and government grant programs. We specialize in utilization of federal and state tax credit programs and local grant services.

Asset Management

Our team is skilled in assessing market value, evaluating refinancing and sale options, creating and executing a repositioning strategy, and providing cash flow analysis and financial forecasts. This allows us to work with others to develop strategies for reposition, disposition or portfolio management.  Our team is skilled in assessing market value, evaluating refinancing and sale options, creating and executing a repositioning strategy, and providing cash flow analysis and financial forecasts. This allows us to work with others to develop strategies for reposition, disposition or portfolio management.  We can also work with an existing accounting team to provide monthly oversight of billings, capital improvement plans, and renewal strategies to maximize value.

Past Work

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Blair Arcade

 

We are looking for clients who are passionate about their business and community. Explore what is possible with us.

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