Evergreen Foundation

Development Services

Evergreen has completed more than 500 development projects across the United States in more than 175 municipalities. Our vast experience allows us to offer a comprehensive menu of development related consulting services to assist our clients in meeting their growth objectives.

Acquisitions

  • Develop store placement strategy for assigned market areas
  • Provide site planning recommendations
  • Assist with deal type options and outline associated risks
  • Participate in lease negotiation and review process

Due Diligence

  • Conduct due diligence related to City and other governmental agency development requirements
  • Prepare signage analysis outlining allowable building and freestanding signage
  • Develop project schedule
  • Review and finalize topographical ALTA survey, geotechnical report and applicable environmental reports
  • Prepare development proforma
  • Prepare project Design Guidelines
  • Assist with preparation of CC&Rs and other legal documentation

Entitlements and Design Management

  • Manage consultant preparation of submittal package for all governmental approvals
  • Submit entitlement package to municipality and manage through hearings and final approval
  • Review consultant proposals for preparation of construction documents
  • Submit construction documents to municipality for approval and process through to permit issuance

Construction and Cost Management

  • Screen, bid and select pre-qualified general contractors
  • Manage general contractor throughout the construction process
  • Oversee completion of all punch-list items
  • Deliver completed store
  • Obtain all required Certificates of Substantial Completion and Certificates of Occupancy

Marketing and Leasing

  • Develop marketing and leasing strategy
  • Create merchandising plans and target tenant lists
  • Develop marketing materials
  • Market to tenant and brokerage communities through brochures, direct mail, email blasts, cold calling, industry events (eg. ICSC) and on site events
  • Secure anchor, pad and shop tenants

Tenant Coordination and Administration

  • Manage architect preparation of tenant improvement (TI) plans
  • Select and manage TI contractor
  • Deliver leased premises

Asset Management and Finance

  • Create detailed pro forma models (construction, equity and debt assumptions, sale and hold analysis, profitability analysis, Argus analysis)
  • Consult on joint venture structure and development opportunities
  • Prepare construction loan packages for prospective lenders
  • Provide capital advising services including sourcing, negotiating and closing
  • Prepare permanent loan packages for prospective lenders

Disposition

  • Research, analyze and identify appropriate timing, cap rates and asking price
  • Actively market sale of the property
  • Prepare and negotiate documents and contracts related to sale
  • Track escrow
  • Coordinate closing and all related actions

Evergreen consistently delivers superior results and communicates honestly and regularly. They are extremely detail oriented and have acquired extensive experience over many years of working with customers like J.P. Morgan Chase. Evergreen always finds a way to deliver the results that we need with a commitment to professionalism, honesty and the needs of their customer.

Tiffany Kaplan, Regional Vice President, West Region, Chase