Development Scenarios:

Define several alternative development scenarios based on the synthesis of all information and data gathered during the research phase. Variables used to develop the alternative scenarios will include the following:

Use:

• Single-use parcel
• Multi-use complex
• Land use program

Volume:

• Minimum development scheme
• Moderate program
• Maximum allowable development

Configuration:

• Low-rise/high-ground coverage
• Medium-rise
• High-rise/maximum open space
• Surface parking/structure parking

Construction Type:

• Superstructure
• Parking
• Other structures

Construction Cost Assumptions:

• Low-cost project
• Moderate-cost project
• High-cost project

Financing and Cost Assumptions:

• Points
• Interest rate
• Construction duration
• Loan utilization
• Take-out loan criteria

Operating Costs:

• Fixed
• Variable
• Cost allocations
• Refundable costs

Marketing Costs:

• Sales
• Leasing

Returns:

• Absorption rates
• Sales prices
• Rental values