What is commercial real estate development?

Commercial real estate development is the process of improving raw or underutilized land into a rented commercial property. This process is complex and requires a variety of expertise including site selection, financing, permitting, construction, build-out of tenant improvements, space design, and licensing. On your own, handling commercial real estate development can quickly become time-consuming, challenging, and expensive without professional experience. Commercial real estate developers can offset the load by handling the management of these projects. These developers will guide you through the commercial real estate development process. If you are interested in working with trusted real estate developers, contact Boyer.

What is the commercial real estate development process?

The commercial real estate development process includes several stages including acquiring a site, managing the site and building design process, receiving required government approvals, and managing financing and construction. The development process requires efficiency and risk mitigation in its various stages. There are many complex parts involved in this process which largely depend on the type of development being created. Usually, commercial real estate development involves improving the property for specific tenants or leaseholders. Commercial developers will walk you through each stage of the process, including contracting and hiring vendors, designing the space, construction, and the in-between contract stages.

Scott Verhaaren

Retail / Mixed-Use

Scott Verhaaren has been with The Boyer Company since 1993 during which time he has developed and managed over three million square feet of mixed-use, retail, and general office real estate. He is responsible for acquisition, entitlements, construction, and leasing of new and existing mixed-use and retail projects. Notable projects include Redstone in Park City, The Commons at Sugarhouse in Salt Lake, Quarry Bend in Sandy, Draper Crossing and Draper Peaks in Draper, The Gateway in Salt Lake, The District in South Jordan, The Crossing at Saratoga Springs, and The Crossing at South Salt Lake.

Scott has served on professional and community organizations including the ICSC Mountain States Board and Program Committee and as Vice President of the University of Utah Alumni Association Board of Directors. Currently, he is serving as a Board Member of the Pioneer Theater Company.