Post date: Jan 27, 2016 11:30:13 PM
After you review the economic master plan, you will start to figure out the markets that you want to address in Phase 2. From that you can stat to think about what buildings you will propose and what kinds of uses will be accommodated. This will lead you to defining units, such as office suites, apartments, restaurants, and businesses that you want to accommodate. From these units, you can define the rooms that are necessary for the activities of those businesses, and eventually the areas. You have to bring the areas into balance with the site; how many apartments could you accommodate on our site?
For your Program of Requirements, you will have to make decisions the quality of amenities and services that you will provide. Will you provide luxury facilities and charge high rental rates, bearing the high cost of construction but producing high income? Or will you build cheaper, more moderate facilities, but achieve greater density and boost your project income that way? Will these two strategies have different occupancy rates?