14
Mar 15

Show Me the Options !

Option Analysis in Design Management for Apartment Projects

Resource in the development management field is currently in short supply and irrespective of a growing development management team I have found myself running the conceptual and design management stage of 4 new apartment projects concurrently. Each project has its own separate architectural team whilst other consultants (planning, traffic, structural, CPTED, quantity surveying, services, geotech, acoustic, arborist, valuers, real estate research/agency, fire and civil infrastructure) are split across some or all of the projects. All together there are about 30 consultants.

The architects and project teams, some of New Zealand’s very best, have been briefed in a very specific way; show me the options !

The instruction is very clear and for good reason. I have learnt over the years, aided by tutelage from some of new Zealand’s most prolific developers, that there are almost an infinite number of ways to skin a development site. If you don’t explore enough of them you could quite easily fall short of making anything work and definitely will not extract the optimum result.

In my day job I can at least limit myself to residential options, but even-so the number of potential permutations can be significant.

To extract the best options is definitely an art. It is not so much the art of knowing the right option yourself, but it is the art of ensuring your team have explored enough options for you to solidify a quality solution.

Your objective  may be to find the solution that maximize’s profit, or you may have to juggle a few other conflicting variables as well like stakeholder needs or social amenity which makes it even harder.

In these apartment projects I expect we will explore no less than 20 base options, shortlist as we go  and then explore a dozen or more sub options, just to land on a bulk and location that ‘sort of’ works. Then as we start to go through the detail many more variants will be explored until we settle on a conceptual design or two to present to my client (our government stakeholders). Indeed all four of these projects are well into base options numbering in the teens (and if any of my team are reading – we are not there yet!).

How much does all that cost you say?
Well it’s a lot cheaper at this stage than diving into the detail and expense of developed design for  a flawed option or worse building and trying to sell the wrong option.

Of course architectural design is not the only parameter to consider, early on you have to juggle design options with project cost and project profit (plus in my case project economic value). Project economic value is the attempt to quantify value outcomes where the financial gain is more subjective – i.e. how much value to you ascribe to healthier people in healthier homes creating less reliance on the health system, or how much value to you put on enabling community interaction to limit social seclusion, a safe driveway for kids etc.

It is a constant juggle between design and project feasibility. One cannot change the design without simultaneously looking at the implications on cost and value. So you work most with the architect, but you need constant interaction with other consultants and your own cost and value judgments. We make the assumption here that before you have engaged a project team, and perhaps even the architect you have already explored a number of financial feasibility options and decided to progress to bulk and locations and conceptual design.

Exploring options in conceptual planning helps a development manager tease out what are the most important components of a development. If we focus on the residential apartments I am involved in only, these components can range from fundamental elements to more detailed nuances.

Fundamental elements include:
– The number of units (often the prime determinant in maximising profit)
– What type of units – how big, how many bedrooms and how many bathrooms
– How many car parks are required
– Car parks on grade, underground, under-croft or above ground
– How high a building, how many levels versus its site footprint, floor to ceiling heights
– How many buildings on a site
– Separation between buildings on a site
– Types of building circulation and access – central core, internal corridors, external walkways (not a fan by the way!)
– How far one must walk to their unit from the vertical circulation point, how many unit entrances must they walk past, how many options does one have to get to their unit
– Stairwells and elevators
– Amenity provided –  parks, playgrounds, gardens, gym, community space
– Orientation of units towards the sun
– Orientation of units towards any views or outlook
– Orientation of units towards neighbors, and the view of neighbors
– Location of units relative to each other and circulation
– Single aspect versus dual aspect
– Vehicle access into and out of the site
– Existing trees on site, and effect of neighbors trees
– Curb appeal and streetscape
– Do we refurbish, demolish, or adapt and reuse

These big ticket items contribute significantly to how much the project is going to cost and how much it is going to value or sell for.

Detailed nuances (at least a very small subset of) can include:
– Size and orientation of decks, patios and outdoor living
– Placement of trash collection
– Loading spaces, truck turning
– Pedestrian access versus vehicular access
– Circulation widths
– Considered views and outlook from every window
– Views from the street into units
– Letterboxes
– Number of entries and exits
– Occupant interaction areas
– The journey between car park and unit
– Retaining walls and dealing with slopes
– Fencing and gates

These detailed nuances are often the little things that make a project, all too often neglected in design but very apparent when construction is complete and people are living there. A comprehensive option analysis helps address these important areas early on to derive most value.

Another aspect of option analysis I have found useful is when you are creating the development on behalf of a client, and that client has many stakeholders who have an involvement and/or contribute to project decisions. There is a trap in this situation, especially if the brief you start off with has any ambiguity, even if you have created the perfect concept you still have to sell it.

It is impractical to involve all stakeholders throughout the design process all of the time. Even if you could, opinions and committee thinking can tend to dull down good design decisions and you can find yourself constantly fighting others propensity to take wild tangents or question decisions already made at a higher pay grade. That means you have to present concepts and options to stakeholders to give them legitimate involvement, but carefully contained to ensure project objectives are met.

For many stakeholders this may be the first time they have seen a concept. Here lies the trap – you proudly present one option (your very best) to your stakeholders. Regardless if it is the most perfect concept ever developed you are likely to get critique, and if any of the stakeholders are not property development experts the critique may be deafening (and  project threatening) even if it is entirely left field noise.

To prevent being locked in this iron maiden of a conundrum; show them the options !

What I am doing on these projects is to ensure every hand drawn sketch on butter paper, every bulk and location drawn using CAD, every section and every floor plan drawn is kept and ready to format into a display folder. Good architects do this anyway, but the key is to make sure they are not throwing away options they discarded before they showed them to you in the first place. It is also important to keep long ago considered schemes and not just to keep a few variants of the final scheme.

To me it is just as critical to show what options don’t work as to what does.

This folder provides the ‘evidence’ of the design management evolution you have been through and you can present it to your stakeholders and decision makers. As you flip  through the options, sometimes reinforced by an accompanying financial feasibility, the story emerges of what strategies you have looked at, what ideas you have dismissed and most importantly helps you explain all the reasons why it is where you ended up.

If you show them the options, then they may just show you the money !

showmethemoneyphoto

 

 

Andrew Crosby
andrew.crosby@aenspire.com

www.aenspire.com


28
Feb 15

Bridge Over the River Thames

Following on from my earlier post Bridge over……is that really a bridge? take a look at the 74 entries for the Nine Elms to Pimlico Thames bridge design competition.

Source: http://www.nepbridgecompetition.co.uk/gallery.html

BridgesThames bridges2thames

www.aenspire.com

 

 

 

 

 


02
Nov 14

Around the World in Eighty Projects – Part Two

Continuing where we left off in Around the World in Eighty Projects, here are projects 31 to 80.

Mumbai
Source: http://ornatespaces.com/projects/the-grove-towers.php
Mumbai-grove4Mumbai-grove1Mumbai-grove3Mumbai-grove5

Source: http://oneavighnapark.com/
Mumbai-Avighn1Mumbai-Avighn2Mumbai-Avighn3Mumbai-Avighn4

 

Chicago
Source: http://www.theresidenceschicago.com/
Chicago-Ritz-1Chicago-Ritz-2Chicago-Ritz-3

Source: http://www.aqua-condos.com/
Chicago-Aqua1Chicago-Aqua2Chicago-Aqua3Chicago-Aqua4

 

Toronto
Source: http://11wellesley.com/
toronto-wellesley1toronto-wellesley4toronto-wellesley2toronto-wellesley3

Source: http://bazis.ca/1-yorkville/
toronto-Yorkville1toronto-Yorkville2toronto-Yorkville3

Source: http://www.dezeen.com/2012/12/12/absolute-towers-by-mad/
Toronto-Absolute1Toronto-Absolute3Toronto-Absolute2

 

Miami
Source: http://www.designtowermiami.com/
Miami-Porsche1Miami-Porsche2Miami-Porsche3Miami-Porsche4

Source: http://www.slsbrickell.com/
Miami-brickell1Miami-brickell2Miami-brickell3

Source: http://www.iconbayresidences.com/
Miami-icon1Miami-icon2Miami-icon3

 

Puerto Vallarta Mexico
Source: http://www.iconvallarta.com/homeintro.html
Vallarta-icon1Vallarta-icon2Vallarta-icon3

 

Sao Paulo
Source: http://www.b103brooklin.com.br/
SaoPaulo-B103-1SaoPaulo-B103-2SaoPaulo-B103-3

Source: http://www.setindowntown.com.br/Genebra
SaoPaulo-sentin1 SaoPaulo-sentin2 SaoPaulo-sentin3 SaoPaulo-sentin4

Source: http://www.setindowntown.com.br/Sao-Luis
SaoPaulo-saoluis1SaoPaulo-saoluis2SaoPaulo-saoluis3SaoPaulo-saoluis4

Source: http://www.parqueglobal.com.br/
SaoPaulo-parque1SaoPaulo-parque2SaoPaulo-parque3SaoPaulo-parque4

Source: http://www.edificiovitra.com.br/
SaoPaulo-vitra1SaoPaulo-vitra2

 

Kuala Lumpur
Source: http://www.greenresidence.com.my/
KualaLumpur-green1KualaLumpur-green2KualaLumpur-green3

Source: http://www.tropicanagardens.com.my/
KualaLumpur-gardens1KualaLumpur-gardens2KualaLumpur-gardens3KualaLumpur-gardens4

Source: http://www.damansaraforesta.com/kualalumpur-daman1kualalumpur-daman3kualalumpur-daman4kualalumpur-daman2kualalumpur-daman5

Source: http://www.tantan.com/projects/seri-ampang-hilir/
KualaLumpur-seri1KualaLumpur-seri2KualaLumpur-seri3KualaLumpur-seri4

Source: http://www.tantan.com/projects/three28-tun-razak/
kualalumpur-three1kualalumpur-three2kualalumpur-three3

 

Cyprus
Source: http://www.askanis.com/index.php?pageid=156
Cyprus-opera4Cyprus-opera2Cyprus-opera3Cyprus-opera1

 

Hamburg
Source: http://harvestehuderweg36.de/en/
Hamburg-H36-1Hamburg-H36-2Hamburg-H36-3Hamburg-H36-4

 

Berlin
Source: http://www.yooberlin.com/en/
Berlin-yoo1Berlin-yoo2Berlin-yoo3

 

Tel Aviv
Source: http://www.rcr-herzliya.com/
TelAviv-Ritz1TelAviv-Ritz2TelAviv-Ritz3TelAviv-Ritz4

 

Jurmala (Latvia)
Source: http://www.legend.lv/en
Jurmala-legend1Jurmala-legend2Jurmala-legend3Jurmala-legend4

 

Gaziantep (Turkey)
Source: http://www.iconova.com.tr/
Gaziantep-iconova1Gaziantep-iconova2Gaziantep-iconova3

 

Kiev (Ukraine)
Source: http://o-r.com.ua/en
Kiev-obolon1Kiev-obolon2Kiev-obolon3

 

Moscow
Source: http://rassvet-loft.ru/
Moscow-Rassvet1Moscow-Rassvet2Moscow-Rassvet3

Source: http://www.loftstudio8.ru/
Moscow-Loft8-1Moscow-Loft8-2Moscow-Loft8-3

Source: http://eng.st-nickolas.ru/
Moscow-StNickolas1Moscow-StNickolas2Moscow-StNickolas3

Source: http://gs.vespermoscow.com/apartments
Moscow-CapitalCity1Moscow-CapitalCity2Moscow-CapitalCity3Moscow-CapitalCity4

 

Mombasa (Kenya)
Source: http://oceansevenkenya.com/
Mombasa-Ocean1Mombasa-Ocean2Mombasa-Ocean3

 

Mauritius
Source: http://www.carlosbay.mu/index-eng.html
Mauritius-Carlos2Mauritius-Carlos1Mauritius-Carlos3

 

Dubai
Source: http://www.damacproperties.com/en/project/projects/damac-towers-by-paramount.html
Dubai-towers1 Dubai-towers2 Dubai-towers3

Source: http://www.damacproperties.com/en/project/projects/damac-residenze.html
Dubai-residenze1Dubai-residenze2Dubai-residenze3

Source: http://www.damacproperties.com/en/project/projects/capital-bay.html
Dubai-capital1Dubai-capital2Dubai-capital3

Source: http://www.d1tower.com/
Dubai-D1Dubai-d1-2Dubai-d1-3

 

Jeddah (Saudi Arabia)
Source: http://www.damacproperties.com/en/project/projects/damac-residences.html
Jeddah-Residence1Jeddah-Residence2Jeddah-Residence3

 

Beirut
Source: http://www.damacproperties.com/en/project/projects/damac-tower.html
beirut-tower1beirut-tower2beirut-tower3

 

Bali
Source: http://www.seasentosa.com/
Bali-SeaSentosa1Bali-SeaSentosa2Bali-SeaSentosa3

 

Bangalore
Source: http://www.brigadeexotica.com/
Bangalore-exotica1Bangalore-exotica2Bangalore-exotica3

 

Malmo (Sweden)
Source: http://www.turningtorso.se/
malmo_turning1malmo_turning2malmo_turning3

 

Buenos Aires
Source: http://www.torresrenoir.com/
BuenosAires-renoir1BuenosAires-renoir2BuenosAires-renoir3

 

Amsterdam
Source: http://www.mvrdv.nl/projects/wozoco/

Amsterdam-wozoco2
Amsterdam-wozoco3Amsterdam-wozoco4

 

Madrid
Source: http://www.mvrdv.nl/projects/mirador/
Madrid-mirador1Madrid-mirador2Madrid-mirador3

 

Paris
Source: http://www.nexity.fr/neuf/26__26012
Paris-villapollonia1
Paris-villapollonia2
Paris-villapollonia3Paris-villapollonia4

 

Dhaka (Bangladesh)
Source: http://www.archdaily.com/520947/ehl-premium-condominiums-_-kashef-chowdhury-urbana/ and http://www.easternhousing.com/
Dhaka-EHL1Dhaka-EHL2Dhaka-EHL3Dhaka-gulshan1

 

Los Angeles
Source: http://www.related.com/luxury-condominiums/los-angeles/the-century
LosAngeles-century1LosAngeles-century2LosAngeles-century3LosAngeles-century4

Source: http://www.seychellesantamonica.com/
LosAngeles-seychelle1LosAngeles-seychelle2LosAngeles-seychelle3

 

 

Andrew Crosby
andrew.crosby@aenspire.com

www.aenspire.com

 


14
Oct 14

Around the World in Eighty Projects

Open2

There is only so much going through NZS 3910 construction contract clauses that a man can take!

So for something far more interesting I present my real estate twist on the Jules Verne classic.

Where possible the images have been selected on a first impressions sales psychology basis; first impressions of the building architecture,  as you step inside the lobby and then when you enter the residence and view key features such as the kitchen.

[Around the World in Eighty Projects Part One: The first 30 developments]

Monaco
Source: http://www.odeon.mc/#/home
Monaco-Odeon1
Monaco-Odeon2Monaco-Odeon4

 

London

Source: http://www.investinplc.com/development/south-bank-tower
London-Southbank1London-Southbank2London-Southbank3

Source: http://www.onehydepark.com/
London-OneHydePark1London-OneHydePark2London-OneHydePark3

 

New York City

Source: http://www.50westnyc.com/
NYC-50West1NYC-50West2NYC-50West3

Source: http://www.onevandam.com/
NYC-oneVandam1NYC-oneVandam2NYC-OneVandam3

Source: http://castironhouse.com/
NYC-CastIron1NYC-CastIron2NYC-Castiron3NYC-CastIron4

Source: http://432parkavenue.com/
NewYork-432ParkAvenue1NewYork-432ParkAvenue2NewYork-432ParkAvenue3

Source: http://www.one57.com/
NewYork-One571NewYork-One572NewYork-One573

Source: http://www.related.com/luxury-condominiums/nyc/one-madison
NYC-Madison1NYC-Madison2NYC-Madison3

 

Source: http://56leonardtribeca.com/home/
NewYork-56Leonard1
NewYork-56Leonard4
NewYork-56Leonard2NewYork-56Leonard3

 

 

Miami

Source: http://1000museum.com/
Miami-1000Museum1Miami-1000Museum2Miami-1000Museum3

 

San Francisco

Source: http://luminasf.com/
SanFran-Lumina1Sanfran-Lumina2Sanfran-lumina3

Source: www.vidasf.com
Sanfran-Vida1Sanfran-vida2Sanfran-vida3

Source: http://www.lineasf.com/
Sanfran-Linea1Sanfran-Linea2Sanfran-Linea3

 

Vancouver

Source: http://vancouverhouse.ca/
Vancouver-House1Vancouver-House2Vancouver-House3

 

Source: http://www.telusgarden.com
Vancouver-TelusGardens1Vancouver-TelusGardens2

Source: http://henriquezpartners.com/work/oakridge-centre/
Vancouver-Oakridge1Vancouver-Oakridge3

Source: http://www.apertureliving.com/
Vancouver-Aperture1Vancouver-Aperture2Vancouver-Aperture3

Source: http://www.focalonmain.com/
Vancouver-Focal1Vancouver-Focal3Vancouver-Focal2

 

Hong Kong

Source: http://www.opushongkong.com/en/Home.html
HongKong-Opus1HongKong-Opus2HongKong-Opus3

 

Singapore

Source: http://www.clermont-residence.com/
Singapore-Clermont1Singapore-Clermont3Singapore-Clermont2

 

Brisbane

Source: http://www.sunlandgroup.com.au/abian/
Brisbane-Abian1Brisbane-Abian2Brisbane-Abian3

Source: http://thehighgate.com.au/
Brisbane-Highgate1Brisbane-Highgate2Brisbane-Highgate3

Source: http://www.botanicasb.com.au/
Brisbane-Botanica1Brisbane-Botanica2Brisbane-Botanica3

 

Sydney

Source: http://www.centralparksydney.com/live/sky
Sydney-CentralParkSky1Sydney-CentralParkSky3Sydney-CentralParkSky2

Source: http://radianceapartments.com.au/
Sydney-Radiance1Sydney-Radiance2Sydney-Radiance3

Source:  http://www.cpmrealty.com.au/Developments/New-Developments/Detail.aspx?pid=815af3e5-45cf-42f1-8455-70fd9f30e00f
Sydney-CrowesNest1
Sydney-CrowesNest3Sydney-CrowesNest2

 

Melbourne

Source: http://www.southbankgrand.com.au/
Melbourne-Grand4
Melbourne-Grand2Melbourne-Grand3

Source: http://www.royalelizabeth.com.au/
Melbourne-RoyalElizabeth1Melbourne-RoyalElizabeth2Melbourne-RoyalElizabeth3

Source: http://www.thefifthapartments.com.au/
Melbourne-TheFifth4Melbourne-TheFifth2Melbourne-TheFifth3

 

To be continued … (50 more to go !)….

Andrew Crosby
andrew.crosby@aenspire.com

www.aenspire.com

 


25
Sep 14

How to be a Property Developer

Over the weekend, as guest lecturer, I completed my second workshop in Property Development for Unitec final year students as part of their Bachelor of Construction Degree.

It is a very practical course – taught to predominantly existing construction and property professionals. Basically you learn how to approach a development project in the same way as I do in my day job.

What we work through together over the two day workshop includes:
– Site due-diligence
– Understand the local market, supply and demand
– Understand the zoning
– Draw up bulk and location options
– Create financial feasibilities
– Describe the most efficient delivery process
– Analyse the risks and how to mitigate them during land acquisition, consent, sales, leasing, financing, contracting and construction.
– Pull it all together in an investment and delivery proposal

Our first workshop considered a fringe CBD suburban apartment development in the new ‘Terrace Home and Apartment Building’ zone in Auckland, New Zealand.

The recent workshop looked at a mixed use retail, office and apartment development in the Auckland Central Business District – with a focus on the office component. This workshop was particularly interesting for me as I had to first spend a previous weekend learning all the CBD office development zoning rules !

For two days it is pretty intense including three group presentations by students.  I was amazed at how much the groups managed to pull together in the time allotted. With fresh and unbiased thinking  some great development concepts emerged for the sites.

This is a course to definitely consider if you work in construction, quantity surveying, project management, finance, planning or any other related discipline and would like to get a practical, real world overview of property development.

For more information about the course visit:
http://www.unitec.ac.nz/career-and-study-options/property-development/bachelor-of-construction-property-development 

Alternatively, feel free to contact me and let’s discuss.

Andrew Crosby
andrew.crosby@aenspire.com

www.aenspire.com