The physical realization of the asset occurs here. The developer transitions into a project manager role, overseeing general contractors, managing the budget against contingencies, scheduling inspections, and ensuring the build aligns with the design intent. 7. Completion and Stabilization
projects in urban areas.
A developer rarely hammers a nail or drafts a blueprint. Instead, they act as the conductor of an orchestra, managing architects, equity partners, tenants, layers, city officials, and contractors. The physical realization of the asset occurs here
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.