The Process of What We Do - 4 Phase Process
In a simplistic overview, the Albertan development process may be defined in the following phases:
First Phase: S & D Researches and Acquires the Land
S & D searches for parcels of land in and around the City of Edmonton which has been proposed for the beginning stages of development within a 3 - 5 year time frame. After we carefully research and evaluate each area of land, S & D then purchases the land outright without loans, mortgages, or debts of any kind.
Second Phase: S & D Syndicates the Land
We syndicate to individual land owners as undivided interest. Each land owner receives their individual land title in their own name. On average, S & D maintains 15% ownership and land owners maintain the remaining 85%.
Third Phase: S & D Develops the Concept Plan
S & D is proud to work with its knowledgeable partners comprised of architects, engineers and city planners to bring each property to the development stage. At this phase, feasibility, zoning, and transportation plans are assessed to begin the process of planning and development for the land parcels.
Fourth Phase: Development
The development strategy is up to the landowners decide. There are three potential strategies:
1. Sell it
2. Joint Venture
3. Developed by S & D
As per the development strategy, you and the other landowners who share the undivided interest of a given land project would make the final decisions regarding your land. A majority vote is binding on all of the owners.
*S & D land prices may vary since each project is in different stages of approval for future development. |