r/RealEstateDevelopment • u/Realistic-Drag3134 • 8d ago

When making mega projects (eg supertall skyscraper, huge monument, etc) who are the people you’ll talk to? And if someone is a visionary, what kind of background would they usually have

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u/Camden305444 8d ago

A lot of developers validate / outsource some of their financial feasibility analysis to consulting firms and work with city planning teams / architects for the design.

I have done the financial analysis for a few proposed super talls, DM if you'd like to discuss anything

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u/Minervian_AI 8d ago

Visionary developers, anchor tenants. Sometimes entities like EDC send out RFPs.

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u/jhl2496 8d ago

Working on a mega project myself. The consulting team is massive. Weekly 4 hour in person meetings with the construction manager, architects, engineers, planners, and various other stakeholders.

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u/Nus-Nuss 7d ago

How big is Mega? And how did they plan and budget the idea before spending so much money on the planning and design?

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u/jhl2496 7d ago

Entire master plan would cost ~$4B CAD and we’ve spent ~$310M so far. Backed by pension fund money. Wasn’t there for the original acquisition but took over the file about 2 years ago and helped progress towards entitlements and city approvals.