Development Services
For over 30 years, Podolsky Northstar has been a prominent developer of commercial properties in the Chicago metropolitan area and nationally. Serving as the project creator and developer for entrepreneurial and institutional investors alike, the firm’s resources remain on target to provide a full array of development services to its clients. Owners and tenants of build-to-suit or speculative properties and business parks receive Podolsky Northstar’s pro-active and insightful perspective on the process, the facilities and the long term residual value.
The firm’s professional alliances and buying power assure a project’s delivery “on-time and on-budget.” With over 7,000,000 square feet of developed properties to its credit, ranging from warehouse, distribution and manufacturing facilities to one-story offices, flex space and a Class A, award winning, 1,000,000 square foot mid-rise office project. Podolsky Northstar combines its old fashioned, time tested, interpretation skills and principles with its “pioneering”, innovative mentality.
Our development services encompass the initial aspects of ownership including creative financing alternatives, government incentives and creation of ownership partnerships. Award winning teams mold both form and function into a design that exceeds the client’s expectations and operates at a price competitive to any other similar product. Simply stated, Podolsky Northstar is recognized by the industry for achieving highly functional facilities, which maximize usable area or rental income and require the least amount of capital improvements during the term of ownership.
Services Typically Provided
• Feasibility Studies
• Planning
• Site Selection
• Financial Analysis
• Financing
• Entitlements—Zoning, Annexation & Variances
• Governmental/Municipal Incentives
• Architectural Reviews
• Corporate Build-To-Suit For Lease Or Ownership
• Documentation
• Real Estate Tax & Insurance Planning
• Design Implementation "Form vs. Function"
• Plan Review & Audit
• Construction Administration & Field Reviews
• Team Selection & Coordination
• Market Research & Marketing
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