Services We Offer
Good early strategic planning produces a diligently researched and realistic foundation for a successful development. Garfield’s first phase services include needs assessment, ownership/business planning, programming/design concept, development budget and schedule, operating pro forma and financing/fundraising plan.
- Lead or Coordinate needs assessment
- Commission market/economic impact analyses
- Perform site analysis/selection
- Develop spatial program/design concept
- Produce development budget and schedule
- Identify potential operators/brands
- Solicit operator/brand proposals
- Assist in negotiating operating agreements
- Oversee team selection for ancillary private development
- Produce operating/business plan
- Prepare operating pro forma
- Structure financing alternatives
- Develop fundraising strategies
- Present results for Client decision
Garfield provides a full range of development services and team leadership tailored to the client’s needs, including site acquisition; deal structuring; legal documentation; financing and fundraising; and oversight of development, design and construction, operator/brand selection, and pre-opening staffing and marketing.
- Oversee site acquisition, entitlements, platting, and permitting
- Select design and construction team with Client
- Assist in drafting/negotiating design and construction agreements
- Administer design and construction documents
- Manage development and design
- Oversee sustainability/LEED® planning
- Conduct value engineering with team
- Oversee periodic estimating and scheduling
- Select operator/brand with Client
- Assist in negotiating operating agreement and ancillary agreements
- Oversee updates to market studies/operating pro formas
- Secure Guaranteed Maximum Price
- Supervise (on-site) construction, commissioning, and tuning
- Review RFIs, submittals and change order requests
- Manage FF&E OS&E procurement
- Negotiate change orders for Client’s benefit
- Observe pre-opening staffing and marketing
- Oversee punch list, final completion, closeout, and facility turnover
Garfield applies unsurpassed public/private financing ingenuity and experience to solve financial, legal, and political challenges, enabling facilities to be built and delivered faster and more reliably than traditional public methods. Our deal techniques are not commonly known to conventional private developers.
- Apply unsurpassed public/private financing creativity and experience
- Devise project plan of finance and ownership
- Lead deal structuring/financing “think tank”
- Provide knowledge in legislation advantageous to Client
- Assist in drafting/negotiating legal, ownership, and financing documents
- Assist in selection of bond underwriter/investment banker
- Coordinate with bond counsel, financial advisor, and bond underwriter
- Oversee bond/financial modeling
- Lead fundraising/naming rights presentations and sales
- Assist in drafting/negotiating naming rights agreements
- Participate in bond ratings agency presentations/bond marketing
- Participate in financial sale and closing
Garfield offers asset management services for the properties we develop, ensuring for the owner that performance standards are met, operations and financial performance are optimized, and facilities are maintained to the first-class standard established at opening. Services include periodic site visits and regular reporting.
- Interview/recommend candidates for senior management
- Review and advise on operating and capital plans and budgets
- Review all reports required to be provided by operator
- Report periodically on operator compliance/performance
- Oversee efforts to maximize revenue and minimize operating expenses
- Periodically visit site and report on facility condition
- Advise on marketing/booking strategies and other operating matters
- Verify annually the maintenance of permits, licenses, and insurance
- Make capital improvements recommendations
- Oversee capital improvements/renovations
- Manage FF&E renewal/replacement procurement
- Review recommendations regarding real estate tax minimization
- Advise on property financing and disposition alternatives
- Assist Owner in property refinancing or sale