Development
Development starts long before construction.
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Kaplan Property Group develops multifamily housing in North and South Carolina. A development is a series of decisions — about land, market, design, cost and construction — and each one limits the options that follow. These are the questions we work through on every project.
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Opportunity Identification
Opportunities come from landowners, brokers, existing relationships and our own study of where housing is needed. The first screen is simple: is this a location where a multifamily community belongs, and is there a reasonable path to control the land?
Market Evaluation
We look at who lives and works nearby, what housing exists today, what is planned or under construction, and what residents are paying. The goal is a project sized and priced for the market that is actually there, not the one a projection hopes for.
Site Selection
Zoning, access, utilities, topography, soils, drainage and the neighboring uses determine how much of a parcel is usable and what it will cost to prepare. A good location on a difficult site can still be the wrong project.
Feasibility
Land price, site costs, construction costs, rents, operating expenses and financing assumptions are brought together into one view. If the project only works under optimistic assumptions, it does not move forward.
Pre-Development
Survey, geotechnical and environmental work, entitlement, and early meetings with planning staff resolve the open questions before significant money is spent on design.
Design
Unit mix, building form, parking, circulation, amenities and materials are worked out with the architect and engineers, with construction cost and long-term operation considered alongside appearance.
Capital Strategy
The capital structure has to suit the project's timeline and risks. We aim to bring lenders and capital partners information early and plainly, so expectations are agreed before commitments are made.
Development Execution
Through permitting and construction the work is coordination: budgets, schedules, change decisions, inspections and regular reporting to partners and lenders.
Asset Delivery
A project is delivered when it is leased, operating and performing as intended — not when the certificate of occupancy is issued.
Long-Term Perspective
Decisions throughout are weighed against how the building will be owned and operated for years: maintenance, durability, operating cost, and whether it will remain competitive as the area around it changes.
Quality
Quality is decided early.
Materials, daylight, sound separation, circulation and landscape are set during design, and most of them get tested by budget pressure during construction. We decide in advance which of these we will not compromise on, because they are what residents live with every day and what an owner pays to maintain.
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Contact
Discuss a development opportunity.
If you have a site, a development opportunity, or would like to discuss working together, call our Columbia office or send an inquiry.
Kaplan Property Group
319 Long Pointe Lane, Suite 100
Columbia, SC 29229
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