Our extensive list of contacts finally came through as John whipped up a meeting with a gentleman by the name of Mark Gunderson. Mark is an Architect that has worked in the Ft Worth area for 25 years, and essentially has every spec of knowledge about design standards and contacts at the City. He was gracious enough to spend over an hour with us discussing his involvement and departure from the Oleander Walk mixed-use project (just 2 blocks North of our subject property). Ultimately, he gave us a great breakdown of what we should expect in regards to % breakdowns for his services (our poor college kids pro bono push didn't work).
1. Schematic Design 15%;
2. Design/Development 20%;
3. Construction documents 40%;
4. Construction/Bid 5% and
5. Construction 20%.
Overall, these make up the 8-10% of construction cost in Architectural fees.
Mark also was so kind to give us a recommendation to a City Council Member that deals closely with the Fairmount Historic District (the code-stern neighborhood we lay in)
As I had to jet off to Dr. Forgey's Trends & Issues class, John had the opportunity to meet with James Noriyan, our subject property's owner. The meeting apparently went well enough that John convinced James that he should JV the land into our deal if it looked feasible to him. The caveat was that James has already got plans from Beck Construction to do a deal and is willing to share them with us. We can't wait to see them now.
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