At the outset of any potential development or redevelopment project, the developer must assess the current situation, evaluate a range of potential alternative futures, select a desired future, and then determine what activities must be undertaken to achieve that selected alternative. All of these activities can be described as part of an expanded definition of "due diligence." Many times, these activities will occur before the developer acquires the subject property; often the ultimate investment decision stems from the results of this work.
HDR's private development professionals work with clients to address the key issues associated with due diligence, including site, regulatory, infrastructure and environmental assessments. HDR works with local real estate market consultants to perform the necessary analysis to help the client understand the range of land uses most likely to sell. This market analysis typically reflects both national trends and local conditions.