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Deal: Sample site: Stonegate Lofts

Sample site: Stonegate Lofts

Sample

St. Anthony Main, east bank. Occupied renovation in phases. The lease engine question, which units turn when, is the whole deal.

A sample deal in the live format. Notes, documents and changes are sample records.

Stage
Design and pricing
By right
Gate due
Jan 2027
GMP within 3% of budget, GC
Days in stage
41
Updated Nov 5
Units
164
Value-add
Total cost · estimated
$38.9M

Timeline

By right, 14 months from site control to close. Current phase: Design to permit set.

  1. 1. Site control2 mo

    Complete
    Gate
    Purchase agreement executed, diligence period open
    Owner
    Counsel

  2. 2. Feasibility2 mo

    Complete
    Gate
    Untrended yield on cost clears the screen
    Owner
    Sponsor

  3. 3. Design to permit set5 mo

    Current phase
    Gate
    Building permit application filed
    Owner
    Architect

  4. 4. Permitting3 mo

    Ahead
    Gate
    Building permit issued
    Owner
    City

  5. 5. Financing and closing2 mo

    Ahead
    Gate
    Loan and equity close the same day as land
    Owner
    Sponsor

Today's zoning carries the count. The city is a plan reviewer, not a vote. Months are the phase's illustrative default.

Tasks for Design and pricing

0 of 5 closed. Stage entered Sep 27. Sample team.

  • Schematic design setDue Nov 11

    Construction manager

  • Design development setDue Jan 10

    Construction manager

  • Construction document setDue Mar 26

    Construction managerGates the stage

  • GC preconstruction and pricingDue Jan 25

    Construction managerGates the stage

  • Building permit submittalDue Apr 5

    Development lead

Gate review: leaving Design and pricing

0 of 2 partners have decided. Moving forward without approval shows a warning. Sample partners. Decisions are never edited; a change is a new entry.

  • Sample Dana OrtizPendingNot yet decided
  • Sample Marcus LeePendingNot yet decided

Record decision

Decision

Name
Sample site: Stonegate Lofts
Stage
Design and pricing
Units
164
Strategy
Value-add
Zoning path
By right
Estimated total development cost
$38,900,000
Waiting on
GMP within 3% of budget
Gate due
Jan 2027
Gate owner
GC
Days in stage
41
Note
Occupied renovation in phases. The lease engine question, which units turn when, is the whole deal.
Working surface
None yet
Location
St. Anthony Main, east bank (neighborhood centroid 44.986, -93.254)