ABSTRACT
The Building Developer could construct a building for a "build-to-suit" tenant; one who will occupy and lease the entire property. In this case, the Building Developer will capture or recognize all of the increased property value by removing the risks associated with leasing before selling the property to a Building Operator. Building Developers buy the finished pad from Land Developers and then undertake the vertical development by constructing the building improvements. During construction, Building Developers may also attempt to lease the building, so the finished building can be sold to Building Operators. Building Developers must deal with several kinds of architects, such as building architects, interior architects, and landscape architects. Building architects design the size, shape, and exterior covering of the building, while interior architects design the inside spaces of the building such as lobbies, common areas, and tenant finishes.
