Various factors influence the cost of a new commercial building. Some are more obvious like land acquisition, permits and construction. Then, there are lifecycle costs to consider like utilities, maintenance and replacements. Often, clients are unaware what the actual cost of their building should be so it’s only natural to question, "How much will the project cost?
The ultimate goal of any neighborhood revitalization effort is to create a viable, sustainable community in a place where one doesn’t exist. A healthy community has a dynamic balance of residential and commercial developments. It’s a place people want to live, to work and spend time exploring.
In development, a feasibility study measures the ability to complete a project successfully and account for economic, technological, legal and scheduling factors that may affect it.
Potential property owners or existing owners use feasibility studies to determine both positive and negative outcomes before investing a considerable amount of time and resources into the development.
The beauty of architecture is taking ideas on paper and transforming them into community treasures. However, the redevelopment process can be pretty complicated (and lengthy for that matter).
Commercial redevelopment involves a wide range of participation. From architects and civil engineers to contractors and lenders, it can take years to bring a project from the initial planning stages through completion.
Should I hire an architect or contractor first? At first glance, this appears to be one of those chicken-or-the-egg questions. However, working with an architect before you start your project can save much more time and money long-term.
Few people realize how complicated architectural development is until they find themselves in a labyrinth of design options, building codes, zoning laws and contractor bids. And because no two projects are alike, there isn’t a clear-cut path to follow. In today’s blog, we’ll be exploring the hidden benefits of hiring an architect before you begin a commercial redevelopment.
We have been incredibly busy over at Prime working on some exciting and historical commercial projects around the OKC Metro. Be sure to check out some of our project sheets that further explain some of the projects we have had the incredible opportunity to work on. We love being a part of these types of projects and helping develop our home state, so if you have any questions or would like more information, we would love to help you deliver a superior project on time and on budget!
