Development & Construction
Workflows

PERMIT & ENTITLEMENT MONITORING — METRO AREA ════════════════════════════════════════════════════════ NEW PERMITS DETECTED (last 30 days): MAJOR PROJECTS APPROVED: harborpointdev.com — Mixed-use development /press: Approved for 1,200 residential units + 180K SF retail /about: Developer: Hines | Architect: Gensler Permit value: $340M — largest approval this quarter midtownmall-redevelopment.com — Mall conversion /press: Rezoning from commercial to mixed-use approved /products: 800 apartments + 60K SF coworking planned SIGNAL: Mall-to-mixed-use trend accelerating PERMITS DENIED/DELAYED: lakeshoretowers.com — 42-story luxury condo /press: "Community opposition delays approval by 12 months" Impact: 400 units removed from pipeline PERMIT VELOCITY: +18% YoY (development activity rising)

CONTRACTOR VETTING — 12 BIDDERS FOR $180M PROJECT ════════════════════════════════════════════════════════ TIER 1 — Recommended (3 contractors) turnerconstruction.com /about: 120+ years, $16B annual revenue /careers: 4,200 positions — strong workforce /products: 340+ completed projects >$100M PR: 7.8 | Domain age: 24 years SCORE: 96/100 — highly qualified, excellent track record TIER 2 — Acceptable with conditions (5 contractors) metrobuildgroup.com /about: Founded 2015, regional focus /careers: 45 positions — adequate /products: 12 projects >$50M (limited large-project experience) SCORE: 64/100 — require additional bonding + references TIER 3 — Not recommended (4 contractors) discountbuilders.com /about: Vague, no specific project references /careers: 3 positions | PR: 1.2 SCORE: 18/100 — insufficient capacity for this project

MATERIAL COST INTELLIGENCE — Q1 2026 ════════════════════════════════════════════════════════ PRICE TREND ANALYSIS (from /pricing pages): RISING COSTS: Structural steel: +14% QoQ nucor.com — /pricing: Price increase effective March 2026 usssteelcorp.com — /press: "Tariff-driven price adjustment" IMPACT: +$8.2M on 340K SF project Lumber (framing): +9% QoQ weyerhaeuser.com — /press: "Demand surge from hurricane rebuilding" DECLINING COSTS: Concrete: -3% QoQ cemex.com — /pricing: Competitive pricing on bulk orders Solar panels: -18% YoY firstsolar.com — /products: New efficiency gains reducing cost/watt NET COST IMPACT ON ACTIVE PROJECTS: Average cost increase: +4.2% (steel driving majority) Mitigation: Lock steel pricing immediately, substitute where possible

DEVELOPMENT PIPELINE — COMPETITIVE INTELLIGENCE ════════════════════════════════════════════════════════ NEW PROJECTS ANNOUNCED (last 60 days): brookfielddev-downtown.com — 58-story office tower /press: 1.2M SF, delivery 2029, 40% pre-leased /about: Brookfield Properties | $890M total development cost IMPACT: Adds significant Class A supply to our submarket greystarresidences-south.com — 450-unit multifamily /products: Luxury apartments, avg 850 SF, amenity-heavy /press: Construction starting Q3 2026 IMPACT: Competing with our residential project delivery PIPELINE SUMMARY — OUR METRO: Office: 4.2M SF under construction | 12% of existing stock Multifamily: 8,400 units under construction Retail: Limited — only 340K SF (tight supply) Industrial: 2.8M SF under construction RISK: Office and multifamily oversupply concerns in 2028

SUBCONTRACTOR RISK ASSESSMENT — ACTIVE PROJECT ════════════════════════════════════════════════════════ RISK MONITORING — 34 ACTIVE SUBCONTRACTORS: HIGH RISK — Immediate attention (2 subs) metroelectricalservices.com — Electrical sub ($12M contract) /careers: Positions dropped 67% — workforce shrinking /press: "Dispute with supplier over unpaid invoices" /about: Removed financial references RISK SCORE: 89/100 — potential default, prepare backup budgetplumbingpros.com — Plumbing sub ($4.8M contract) /careers: Only 8 positions (project requires 24+ plumbers) Change detection: Website went down for 3 days last week RISK SCORE: 82/100 — capacity concerns, consider replacement LOW RISK — Stable (28 subs) Avg risk score: 19/100 All show stable /careers, active /press, healthy PageRank ACTION PLAN: Source backup electrical sub immediately

CONSTRUCTION TIMELINE MONITORING — 8 ACTIVE PROJECTS ════════════════════════════════════════════════════════ ON SCHEDULE (5 projects): parkviewresidences-ph2.com — 280 units /blog: "Topping out ceremony completed Feb 2026" /about: Delivery on track for Q4 2026 STATUS: 68% complete, on budget DELAYED (2 projects): downtowntower-project.com — 42-story office /press: "Steel delivery delays push timeline 4 months" /blog: Construction activity photos showing slow progress Original delivery: Q2 2027 | Revised: Q4 2027 COST IMPACT: +$18M in carry costs and escalation AT RISK (1 project): waterfrontmixed-use.com — Mixed-use complex /press: "Labor shortages affecting concrete pours" STATUS: 2 weeks behind, monitoring closely

ENTITLEMENT & ZONING INTELLIGENCE — ACTIVE MARKETS ════════════════════════════════════════════════════════ ZONING CHANGES DETECTED: FAVORABLE CHANGES: cityplanning-downtown.gov /press: "Upzoning approved for 12-block transit corridor" Impact: Height limits increased from 8 to 24 stories OPPORTUNITY: Our 3 parcels now eligible for 3x density Value impact: Estimated +$45M land value increase UNFAVORABLE CHANGES: suburbanplanning-board.gov /press: "New affordable housing mandate: 20% inclusionary" Impact: Required affordable units on all new developments IMPACT: Reduces project IRR by 2-3% on suburban projects ACTIVE ENTITLEMENT APPLICATIONS: Our projects in review: 4 Competitor projects in review: 12 Avg approval timeline: 8-14 months Bottleneck: Environmental review adding 3-4 months

LAND ACQUISITION OPPORTUNITIES — ACTIVE SEARCH ════════════════════════════════════════════════════════ HIGH-PRIORITY OPPORTUNITIES: DISTRESSED SELLER — Industrial conversion site oldmanufacturingcorp.com — 18-acre industrial parcel /press: "Plant closure, 800 jobs eliminated" /about: Company in Chapter 7 liquidation Estimated land value: $12M (appraised at $28M in 2023) Zoning: Industrial (rezoning to mixed-use pending) OPPORTUNITY: Acquire at 43% of appraised, rezone for 1,200 units CORPORATE DIVESTITURE — Office campus techcorp-campus.com — 24-acre suburban campus /press: "Transitioning to fully remote workforce" /about: Campus occupied at only 15% OPPORTUNITY: Negotiate below replacement cost, redevelop residential PIPELINE: Active opportunities: 14 parcels | 340 total acres Estimated acquisition cost: $89M Development potential: 4,200 units or 2.1M SF commercial

PROJECT FEASIBILITY — PROPOSED MIXED-USE DEVELOPMENT ════════════════════════════════════════════════════════ MARKET DEMAND ANALYSIS (from domain intelligence): Apartment demand: Strong — 2.4% vacancy, rising rents (12 employer domains adding /careers positions in submarket) Retail demand: 94% occupied nearby, limited new supply (34 new business domains registered in area, 90 days) COMPETITIVE SUPPLY: Competing projects (from developer /press pages): 3 projects Total competing units: 1,200 (delivering 2027-2028) Risk: Absorption may slow by delivery date CONSTRUCTION COST ESTIMATE: Hard costs: $285/SF (from contractor /pricing analysis) Soft costs: $42/SF | Land: $18M Total development cost: $142M FEASIBILITY VERDICT: Projected IRR: 18.4% (exceeds 15% hurdle) Risk-adjusted IRR: 14.8% (at hurdle — proceed with caution) RECOMMENDATION: Proceed if land cost negotiated below $15M