Empire Building

Birmingham, Alabama

Development Services

The Diversified Team provides a wide range of development services depending on the needs of the community or property owner. No two historic buildings or communities are alike. A comprehensive revitalization plan for each specific building or community is needed to capture the maximum benefits from the incentives available in the redevelopment of historic buildings to determine the options for repurposing the structures.

Find below a sample of services provided to communities and property owners in the predevelopment and development process.

  • Market survey and demand analysis

  • Financial feasibility analysis

  • Building repurposes viability analysis

  • Historic tax credit eligibility evaluation

  • Historic tax credit cost analysis

  • Historic tax credit application services

  • Preparation of financial projections

  • Project design development and timeline

  • Project concept and narrative description

  • Project cost analysis

  • Project management

  • Project investment packages

  • Project development structure

  • Project legal service coordination

  • Community survey, interviews, and support

  • Opportunity Zone benefits

  • Fee Development

  • Project utilities coordination

  • Contractor identification and selection

  • Construction design value engineering

  • Environmental assessment

  • Community stakeholders

  • Property tax abatement

  • County, State, and Federal agency coordination

  • Cultural affairs departments coordination

  • Local historic preservation groups coordination

  • Project furniture, fixture, and equipment

  • Project tax credit compliance

  • Project Opportunity Zone compliance

  • State Historic Preservation Office/National Park Service coordination

  • Historic tax credit equity identification and coordination

  • Historic tax credit bridge lenders identification and coordination

  • Project financing sources, FHA, tax exempt bonds, and conventional

  • Completed project tax credit property valuation and cost audit National Park Service

Ruth Jewelers

Montgomery, Alabama