NO OPM “Other People’s Money”
Using other people’s money; taking as few short term ricks as possible. This has long been the standard for real estate development. This is also what we see as a major problem – under this paradigm, for any given range of possibilities, third party developers’ business model is to find the worst/cheapest site a client is willing to accept in order to maintain the highest possible profit margin for themselves. Business is usually done in a closed book method where the client may only know some or even none of the actual costs to the developer. This method leads to a long-term lose/lose relationship for both parties: the client ends up occupying a site that is at the lower end of its locational parameters and after a few years of subpar sales, the developer ends up losing the repeat business only possible when maintaining a superior track record.
Kolodesh Development has, as its driving force, a commitment to utilizing the physical realm to create the best possible customer experience.
How do we accomplish this feat?
Simple, we put our money where our mouths are. We are not driven by achieving an arbitrary benchmark internal rate of return which may influence some to cut corners, over-leverage or use other, less than ideal methods to achieve short-term success.
We build with our own cash, for our own account and we hold the asset for the long-term.
We become a partner in your success: we only use the most competent, consistent, and conscience contractors and subcontractors; we build quality structures on sites that have locational advantages over the competition; and we provide you significant flexibility in structuring the deal. Our business is conducted on an open book basis – you see exactly what the parcel of land and improvements cost. More importantly, you see how we calculate our profit.
Kolodesh Development Specialties
- Development of land tracts for commericial and residential sale or lease and multi-tenant center construction.
- Commercial construction of buildings as a general contractor.
- Development of land tracts for sale or lease.
- Development of residential lots.
A key strength of Kolodesh Development is its ability to build-to-suit needs with the most comprehensive project management systems in the industry. You benefits from our experience of more than 50 years and 3 million square feet of real estate development.
The following are key professionals who are part of our development team:
- Land Use Attorney
- Civil Engineer
- Structural Engineer
- Mechanical, Electrical and Plumbing Engineers
- Soils Engineer
- Construction Engineer
- Tenant Architect & Space Planner
- Traffic Consulting Engineer
- Land Planner
- Work with the client to determine their need
- Find the best possible site within the client’s perameters
- Identify client’s capital requirements
- Coordinate the client’s design criteria with local municipal requirements
- Design of site and base building
- Planning and scheduling
- Project meetings with consultants and tenant representatives
- Establish final schedule
Kolodesh Development manages the project through:
- Cost control
- Schedule review
- Organize and attend all project and subcontractor meetings
- Monitor quality and safety control
- On-site project construction management
- Custom tenant build-out
- Continued communication with local municipalities
Kolodesh Development has established quality long-term relationship through detailed market knowledge and a commitment to the highest possible level of service. More than just a multi-generational family firm, we maintain a disciplined approach to our business along with the philosophy of building strong relationship what have firmly established our reputation with our clients and within our industry. Companies who require quality construction and space in prime locations have come to Kolodesh Construction.
In today’s competitive corporate real estate environment, it takes a depth of knowledge in a variety of areas in order to deliver exceptional value to clients. With the knowledge of our marketplace, our industry, and through our concentration in retail development, KD consistently provides clients with the services needed and the attention they deserve. KD is known for the quality of its tenant relations. We have established this reputation by creating the best possible projects while providing useful insight to clients at each stage of the process.
Maintaining a forward-looking approach to our business enables us to help clients successfully respond to changing opportunities and environments. From conception to competition, our experience gives us the ability to anticipate, as well as meet, a tenant’s long-term needs as we maintain our focus on the immediate tasks of location selection, design, and construction. KD brings objectivity, creativity and sound business ethics to each relationship and project. All of these characteristics enable KD to accurately predict area growth trends and strategically identify key locations and sites.
The company’s core business is build-to-suit commercial development, concentrating in the retail sector. Working closely with our clients throughout the entire project, we create the idea build-to-suit solution that meeting their facilities requirements. We add a strict process of planning, budgeting, and controls to ensure that our clients experience a final product that is built to fully suit their needs. And, when business environments and economies change, KD is there to help clients prepare for and meet those challenges.