{"id":19,"date":"2015-01-09T15:48:15","date_gmt":"2015-01-09T15:48:15","guid":{"rendered":"http:\/\/104.236.67.21\/?page_id=19"},"modified":"2015-01-09T15:48:15","modified_gmt":"2015-01-09T15:48:15","slug":"development","status":"publish","type":"page","link":"https:\/\/albaneseorg.com\/?page_id=19","title":{"rendered":"Development"},"content":{"rendered":"

OVER SIXTY YEARS OF DEVELOPMENT EXPERIENCE<\/strong><\/p>\n

The Albanese Organization brings over 60 years of property development experience to every project. This translates into an ability to identify, evaluate and acquire properties that achieve the desired goals. Our experience is particularly valuable during the critical due diligence phase when the financial, zoning, constructability, environmental and other representations, upon which acquisitions depend, are reviewed and verified. During this phase our in-house acquisitions team prepares internal analyses and comprehensive financial models, documented with detailed market and cost studies, to support real estate negotiations and decision making.<\/p>\n

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FINANCIAL RELATIONSHIPS THAT WORK<\/strong><\/p>\n

The bedrock of any development is well-structured project financing that recognizes risk profiles and investment objectives. Over the years the Albanese Organization has established and fostered enduring relationships with major financial institutions familiar with our work quality and ethics, enabling us to execute a variety of equity and debt transactions, from conventional debt financing to complex structures involving tax-exempt and taxable bond financing, or multi-tiered equity participation.<\/p>\n

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DEVELOPMENT BEGINS WELL BEFORE CONSTRUCTION<\/strong><\/p>\n

Competent development is an integrated process that begins with thorough pre-development planning. This critical phase includes a well-conceived strategy, the formulation of a detailed program, identification of the architectural and physical challenges and the initiation of productive communication with community representatives, regulatory agencies and government officials.<\/p>\n

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TEAMWORK WORKS<\/strong><\/p>\n

As the team leader we assemble and effectively manage a professional team most qualified for a given project. As a team player, we contribute our experience and skills as a long-time owner, developer and manager.<\/p>\n

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OPTIMIZING LAND USE<\/strong><\/p>\n

Regulatory and environmental land use constraints are addressed with careful diligence. Zoning changes, variances, special permits and environmental remediation to optimize land value are approached in a manner to achieve project objectives while respecting the community priorities.<\/p>\n

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EXCELLENCE THROUGH INTEGRATED DESIGN<\/strong><\/p>\n

As project program requirements are refined, a project schedule is established, and project design concepts are developed and analyzed using a holistic approach. Properly anticipating future occupant needs, and the context in which the building will function, provides invaluable direction in designing the architectural and mechanical systems.<\/p>\n

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STRATEGIES FOR SUSTAINABILITY AND HIGH PERFORMANCE<\/strong><\/p>\n

The Albanese Organization is a leader in sustainable development. Our innovative industry-transforming projects such as the Solaire, the Verdesian and the Visionaire are testaments to our ability to integrate \u201cgreen\u201d building principles utilizing technologies that provide added energy savings, comfort and health benefits to occupants, while conserving the earth\u2019s resources. The Albanese Organization is committed to working with design teams to identify, examine and implement high performance strategies consistent with these project goals.<\/p>\n

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EXPERIENCED PROFESSIONALS MAKE THE DIFFERENCE<\/strong><\/p>\n

We have an experienced project management team that ensures every detail is completed according to specifications. We oversee the development and coordination of the approval process, the preparation of bid documents, contractor pre-qualification, bidding and contractor selection process. We negotiate the construction agreements, and supervise the preparation of the contract documents.<\/p>\n

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ENGINEERING EVALUATION ENSURES QUALITY<\/strong><\/p>\n

We supervise a thorough value engineering process, ensuring that the components purchased for a building are of the highest quality, cost efficiency and resource efficiency. Throughout the design process, various alternatives are tracked, tabulated, and bid alternates are solicited and evaluated. Building systems are evaluated on a variety of metrics including occupant preference, first cost, lifecycle cost, performance and quality.<\/p>\n

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STRICT BUDGET MANAGEMENT IS MANDATORY<\/strong><\/p>\n

Budgets are developed with knowledge of the marketplace, and are managed to ensure that investment goals are achieved. Our accounting department carefully monitors and maintains strict financial control throughout every phase of the project. Our administrative duties are performed with diligence to reliably and timely report development progress to keep owners, investors and lenders well informed.<\/p>\n

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RISK MANAGEMENT COORDINATION<\/strong><\/p>\n

From specialized environmental hazards policies to workers’ compensation, general liability, professional liability and project bonding requirements, we assist in the evaluation, procurement and management of project insurance products.<\/p>\n

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ON TRACK CONSTRUCTION ADMINISTRATION<\/strong><\/p>\n

As the development moves into the construction phase, our in-house construction management team coordinates and oversees the entire construction process, from inception through commissioning. Work progress and issues are carefully tracked, documented and resolved. We coordinate controlled inspections, testing and submittal and product reviews, utility and local authority approvals, specialized system requirements, and the owner\u2019s furniture, fixture and equipment. We direct the completion of the work to ensure adherence to contract documents and resolve claims, change orders and other issues in the owner\u2019s best interest.<\/p>\n

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BUILDING COMMISSIONING MANAGED WITH AN EYE TO THE FUTURE<\/strong><\/p>\n

Throughout the design and construction phases we carefully address requirements for future operation, maintenance and environmental responsibility. We ensure that \u201cas built\u201d documents and system manuals are comprehensive, well organized and submitted in a timely manner. We assist in both the hiring and training of key on-site personnel and coordination of the start-up and testing of the various building systems. The preparation and completion of \u201cpunchlist\u201d work is managed diligently.<\/p>\n

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OVER SIXTY YEARS OF DEVELOPMENT EXPERIENCE The Albanese Organization brings over 60 years of property development experience to every project. This translates into an ability to identify, evaluate and acquire properties that achieve the desired goals. Our experience is particularly valuable during the critical due diligence phase when the financial, zoning, constructability, environmental and other […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":17,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-19","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/albaneseorg.com\/index.php?rest_route=\/wp\/v2\/pages\/19","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/albaneseorg.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/albaneseorg.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/albaneseorg.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/albaneseorg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19"}],"version-history":[{"count":0,"href":"https:\/\/albaneseorg.com\/index.php?rest_route=\/wp\/v2\/pages\/19\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/albaneseorg.com\/index.php?rest_route=\/wp\/v2\/pages\/17"}],"wp:attachment":[{"href":"https:\/\/albaneseorg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}