Real Estate Development: Principles and

Process, 5th Ed
Miles, M.E, et al
Chapter 3
DEVELOPERS AND THEIR PARTNERS

KELOMPOK 2:

Achmad Saifuddin (9116202301)

Jeffry Dwi (9116202303)
Ade Rochmanu (9116202316)
Novrizal Putra (9116202318)

PROGRAM MAGISTER MANAJEMEN TEKNOLOGI

BIDANG KEAHLIAN MANAJEMEN PROYEK
PROGRAM PASCASARJANA
INSTITUT TEKNOLOGI SEPULUH NOPEMBER
SURABAYA
2017
 CHAPTER 3

DEVELOPERS AND THEIR PARTNERS

1. PRIVATE SECTOR DEVELOPERS

Developers should have enough knowledge of a wide range of subject areas to effectively
communicate his vision and manage the development team
Return :
Development fee
Profit on any sale long term investors
Possibly a long term equity
Personal and profesional satisfaction
Enchanced reputation

2. PUBLIC SECTOR DEVELOPERS

Objective (altruistic end) meet the needs / interests of society, for example:
Increasing the economic level of the community
Environmental revitalization
Development of a healthier living area
Etc

3. PUBLIC/PRIVATE PARTNERSHIP (KERJASAMA PEMERINTAH SWASTA)

A private developer works with public authorities and public resource to develop a project
that has both public and private component

4. ARCHITECTS (ARSITEK)
Develop Concept
Create the detailed plans for contruction

5. ENGINEERS (INSINYUR)
Responsible for translating designers work into more specific drawing and
specifications example : Civil Engineers, Electric Engineers, Mechanical Engineers,
Environment Engineers, dll.
6. LAND PLANNERS
Develop project concept and intended market
Determine the traffic circulation

7. LANDSCAPE ARCHITECTS
Define the special nature or theme of the project, especially in residential master plan
communities and in mixed use development project

8. URBAN DESIGNERS
Planners who have a wider Scope than architects, usually involving territoriality,
layout and function. Urban designer create master plans, strategic plans, strategic plans
and detailed site plans

9. BUILDING CONTRACTORS
Responsible for the overall project and who hires subcontractors to perform
specialized work

10. SITE DEVELOPMENT AND GRADING CONTRACTOR

Ensure the site is prepared properly in accordance with civil engineering plans and to
resolve any issues the arise during site development.

11. ENVIRONMENTAL CONSULTANTS (KONSULTAN LINGKUNGAN)

Determine whether a project is feasible from a regulatory standpoint and if so, to
produce the documentation necessary to receive approval from appropriate agencies.

12. TRANSPORTATION CONSULTANTS (KONSULTAN TRANSPORTASI)

Measure traffic models that incorporate projection of future land uses.

13. BIOLOGY CONSULTANTS

Biology consultants undertake field surveys to determine the potential for or presence
of biological resources.

14. GEOTECHNICAL AND SOILS CONSULTANTS

Geotechnical and soil engineers determine the ability of the ground to support the
proposed development.
15. HAZARDOUS SUBSTANCE CONSULTANTS
The hazardous material consultant will often begin with:
Phase I : Report that identifies potential or existing environmental conditions at a site.
Phase II : Report that entails a survey of the site and testing of suspicious materials.

16. AIR QUALITY CONSULTANT

Traffic control measures as a strategy for reducing air pollution emissions from cars,
trucks, and buses

17. GREENHOUSE GAS CONSULTANTS

Analysis of greenhouse gas contribution of a project.

18. NOISE CONSULTANTS

Measure the impact of noise emanating from the project and the impact of noise from
surronding sources that may affect the project after occupancy.

19. MARKET RESEARCHERS (PENELITI PASAR)

Assigned to conduct research on the market (market) that became the target of property
development concerned. This market research will determine the type, type and
number of properties built.
20. LENDERS
Construction lenders, which are often commercial bank, are responsible for financing
debt during project construction

21. JOINT VENTURE PARTNERS

The term joint venture is not precise legal term but in usage refers to an individual
or institution the provides the developer with equity funding during the developmental
or operational period of a project in return for a share of profits from the development

22. APPRAISERS
Duty to estimate the value of assets and the results of a project, and also play a role in
the marketing process, doing market approach. Appraisers work to determine the
required initial capital value and estimate the value of the property after the project is
completed (determining the sale price).
23. PUBLIC FINANCE CONSULTANTS
Some project involve the creation of public debt instrument to finance improvements
that benefit the general community.

24. ATTORNEYS
Attorneys are important players throughout the development process.
Lawyers play a role in handling legal and legal aspects of a project, such as: contract
legality, permits, certificates, legal disputes with others, etc.

25. PROPERTY TYPES

Developers tend to work in particular geographical regions and specialize in specific product
types. There are various ways to categorize property types. Which tracks only investment
property, categorizes commercial property types as follows:
Industrial/office
Retail
Residential
Diversified
Lodging/resorts
Self-storage
Specialty

26. RESIDENTIAL

Residential development encompasses a wide range of products from communities of single-

family lots to multifamily apartments and condominiums.

27. RETAIL
Retail development generally means shopping centers, and there is a hierarchy of types of
shopping center, based on size, tenant type, and market draw.

28. OFFICE
Office development includes multistory, pure of fice buildings, as well as specialty buildings
such as health care facilities, neighborhood-serving profesional offices, and research and
development (R&D) facilities. Traditional office development is classified in terms of quality.
29. INDUSTRIAL
Industrial development falls into three primary categories: manufacturing, warehouse, and
flex space, which overlaps with R&D office buildings. A primary consideration for industrial
development is transportation, so these facilities are often located near airports, rail lines, and
freeways.

30. HOTEL AND RESORT

Hotel and resort-or lodging-development targets two primary travel: business and pleasure.

31. MIXED USE

Mixed use as three or more significant revenue-producing uses, such as retail/entertainment,
office, residential, hotel, and civic/cultural/recreation, which in well-planned projects are
mutually supporting.