Planning Milestones
A Developer has purchased a site with a development opportunity.
Example: Developer Riverstone acquires a site on The Bishops Avenue N2 with existing planning permission. Read more…
The Developer appoints a consultant to deliver the project plans. This includes all the companies in the planning team – Planning Consultant, Architect, Structural Engineer, MEP Engineer, etc.
Example: The refurbishment of the Barbican Centre has been awarded to a joint design team led by architects Allies and Morrison and Asif Khan Studio. Read more…
Once the designs are ready for review, a Public Consultation is held to get feedback from the community. This usually involves a public exhibition to showcase the plans where a series of talks, meetings and workshops take place.
Example: The developers want to hear what you think about the emerging vision for the Earls Court site to help shape these plans to bring it back to life. Read more…
The planning team is now working on the plans and designs.
Example: Bishopsgate Goodsyard Regeneration Ltd has completed the Section 106 agreement, unlocking the 1.7 million sq ft mixed-use regeneration area in Shoreditch. Read more…
Plans for the development are submitted to the local authority.
Announcement ahead of the meeting for anyone who wants to attend the meeting.
Announced right after the Committee vote.
Construction Milestones
Works to prepare the site for development start.
Demolition works start.
Construction starts on site. Often marked with a Groundbreaking Ceremony.
Superstructure works start.
The development has reached the highest point of construction. Usually marked with a Topping Out Ceremony.
Sales Milestones
Coming soon is announced when an approximate date for the launch is set.
Read more about this milestone: Coming Soon – a drumroll in the world of property development
New images released.
Website launch.
The launch of the sales is often marked by a physical event. There might be more than one launch event but only one of them is ‘Official’.
Launch events are also listed on Buildington’s Launch Calendar.
Any other sales event held to promote sales except for the Launch or the Grand Opening. Often topical coinciding with a certain celebration. Usually, incentives are offered.
When a new collection of apartments is released. Developers often sell units in phases.
The development is 50% sold.
The building or units are under offer.
Launch of the sales/marketing suite. Often off the site.
Launch of a show home.
An important transaction.
When a commercial development is fully let before completion
The development or building is for sale.
A development or building is sold.
Grand opening of the development after completion.
In Use Milestones
A new service provider has been appointed for the building.
