FEASIBILITY MASTERPLAN
A feasibility study is a starting point for the design of a long-term strategic masterplan that provides a framework for both present and future development and expansion.
Usually, new and experienced developers have trouble visualizing complex developments without anything being put on paper. We provide feasibility studies that address some of the major issues like planning controls, unit counts, unit sizes, orientation etc. Although the design process is one that is innately iterative, having a feasibility plan serves as a good starting point to have some of the important conversations that should not be saved for later in the process. Factors that should be considered early on include, but are not limited to, budget, schedule, financing costs, market conditions etc.
The process typically begins with a meeting with the appropriate stakeholders to review the known information and program requirements. Followed by a careful study of program and site-specific parameters.
1. Overall site organization; Circulation, Site Access & Approach
2. Zoning, Planning & Easements
3. Site’s Building Program Requirements & Opportunities
4. Relationship of Buildings to Each Other and to Outdoor Spaces
5. Building Height, Massing, Orientation, Views, Daylighting & Sustainability
6. Project Funding, Phasing & Scheduling
7. Cost/Benefit Analysis
8. Procurement Options
9. Uses of Adjoining Land
10. Environmental Impact
We often complete our study before a building or lot of land is purchased to ensure a positive outcome for the project. The factors listed above are evaluated to determine the possible strengths and weakness of a particular program for a building and site with the ultimate goal of evaluating the viability of the project.