Andrew Avramidis on Breaking Ground: What It Really Takes to Develop Real Estate From Scratch

Real estate development is where vision meets execution. Whether it’s a new residential complex, a boutique hotel, or a mixed-use property, ground-up development is a rewarding—but complex—journey. For those intrigued by the idea of creating something from nothing, here’s what it really takes. Step 1: Finding the Right Site The success of any development starts with location. Developers assess factors like zoning regulations, access to utilities, market demand, neighborhood growth, and nearby amenities. The right parcel of land can unlock tremendous value—but the wrong one can stall a project before it even begins. Experts like Andrew Avramidis emphasize the importance of deep due diligence and future-proofing site selection to ensure long-term viability. Step 2: Securing Financing Real estate development is capital-intensive. Financing often includes a mix of equity (from investors or personal funds), loans (construction and bridge loans), and sometimes mezzanine financing. Hav...