We provide early and up-to-date cost information using real construction data to dollarize decisions. We’ll then commit to an upfront budget, managing 100% of the risk for overall project cost.
With current supply chain challenges impacting costs and lead times, a thorough procurement plan is critical. We have direct supply and national subcontractor relationships for more efficient buying and scheduling.
Our in-house team of multidisciplinary experts means seamless integration, efficient results and high-powered bandwidth. We provide a single point of contact that will manage everything from design to construction.
While COVID sparked market fluctuations and vacancies across asset classes, construction is still commencing locally across industrial, multifamily and many other markets in the Twin Cities. Office and retail leases are moving forward, albeit slower with often shorter lease terms. As a result, the CRE industry is thinking creatively to get leases signed and the influx of vacancies filled. Tenants on the other hand are pushing for more accurate, holistic pricing per building while trying to better leverage TI allowances and minimize financial risk.
One catch-all solution has been design-build – a project delivery method in which design and construction are contracted by a single entity known as the design–builder. It is 6% less expensive on average, 36% faster, and has grown 600% since 2002, according to the DBIA. Although design-build is not new, the reliance on a trusted partner earlier in the commercial real estate process is gaining traction to maximize deal efficiency.
ARCO/Murray operates in a flexible design-build model. We have in-house architects and engineers that work together on the front-end to create a seamless, value-added experience from design to construction. Having everything under one roof combined with our local and national buying power, as well as in-house market data, helps dollarize decisions and provides more accurate costs earlier in the process. We’ll also commit to a budget upfront for greater peace of mind, minimized risk and faster speed to market.
Director of Accounts
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