TUTORIALS

 

How to Zoom, Pan & Orbit

In this video you will learn how to navigate the map in Developer.

  • Hold and drag using the LEFT button of your mouse to pan around the map. If you are using a trackpad instead, hold the button and drag with one finger.

  • Use the Scroll Wheel to zoom in and out. If you’re using a trackpad instead, use two fingers to zoom in and out.

  • Hold and drag using the RIGHT button of your mouse to orbit (or rotate) the model. If you’re using a trackpad instead, hold the button and drag with one finger while holding the CTRL key.


Creating a New Project

In this video you will learn how to create a new project in Developer. It all starts with a parcel

  • Choose one or several parcels from the map, or enter an address.

  • Once a parcel is selected, the Create New Project form appears. Here, you can give your project a name (recommended), select programmatic uses, density level and market type.

  • Please note that these choices will populate your project with default data ranges to get you started. These will be fully adjustable once your project is created, in the Project Settings panel.

  • On the bottom-right corner you will see the legend, with the uses that are active for your project.


Interface Overview

In this video you will learn about the basic features of the Developer Alpha interface, such as the side menu, the main menu, the header, KPIs (Key Performance Indicators), etc.


Adjusting Project Cost

In this video you will learn how to adjust the cost parameters of your project.

  • One of the most important aspects of Real Estate Development is how much it is going to cost to acquire the land and build the project. This will set the basis of your Return on Investment (ROI).

  • The first slider in the panel refers to the Property Purchase Price. It is populated with the assessed value of the property. You can adjust this, because market value may be above or below the assessed value of the property. You can use the slider to change it, or enter an exact amount.

  • Remember that all the sliders have dynamic max and min, so you can adjust the range as necessary.

  • The next slider deals with any existing structures in the property. In new construction projects, you may want to demolish existing buildings on the site. This slider accounts for demolition cost, which

will impact your construction cost. The pre-populated amount is taken from the average demolition cost in South Florida, and you may adjust it.

  • If you pin the Project Cost panel using the pin on the upper-right corner, and bring up the Back of Envelope, you will see how the values in these panels are linked.

  • Next is the Soft Cost. This includes professional fees for architects, attorneys, environmental reports, etc. It is calculated as a percentage of the Hard Cost.

  • Next are contingencies, which are unforeseen problems that arise during construction, such as change orders. It is prudent to have a contingency budget. It is calculated as a percentage of the Hard Cost.

  • The most important piece of this panel is the Hard Cost. They are divided by use, since all uses generate different hard costs. For example, a condo might have different finishes than retail, different floor heights, different structural systems, etc.

  • We give you very generalized construction costs, and allow you to adjust based upon your experience in the market.

  • All these costs will have an impact on your Return on Cost (ROC), or Return on Investment (ROI).


Adjusting Building Constraints

In this video you will learn to use the Building Constraints panel. This version of Alpha supports adjusting floor height for ground floor and typical floor, and controlling the building’s footprint by specifying setbacks.

  • Sliders can be used to adjust most parameters in Developer Alpha. The sliders have minimum and maximum values that are assigned by default depending on the selections you made when creating the project, or through the Project Settings panel.

  • Minimums and Maximums can be changed by the user by typing new values into the corresponding text field under the slider. All text fields that can be adjusted by entering an exact value display a blue outline when you hover over them with your mouse.

  • This version of Alpha allows you to adjust the building footprint by modifying the values of the site setbacks.

  • To adjust your building setbacks, enter Setback Mode by clicking on the Toggle Set Back Mode option in the Building Constraints panel. This will take you to a 2D view of the site.

  • By default, all sides are assigned Setback B, with values assigned by default based on the selections you made when creating the project, or through the Project Settings panel.

  • You can assign up to 3 setback types. You do this by clicking on the letter of the setback you want to change, and selecting a new setback type from the list.