The development of a SUITE 01 building for Young Professionals follows a disciplined, stage-gated process, aligning architectural ambition, capital deployment, and planning risk in a structured and transparent manner. While the target demographic and investor profile differ from the Established Urban Independents concept, the underlying execution framework remains equally rigorous.

Each phase has a defined objective, decision point, and cost framework — ensuring clarity for investors and delivery partners throughout the development lifecycle.

Phase 1: Site Identification & Initial Feasibility

(0–3 months)

The process begins with identifying urban sites capable of supporting compact, owner-occupied apartments with strong architectural presence and efficient shared functions.

At this stage we undertake:

• High-level zoning and planning review

• Initial massing and capacity studies

• Early assessment of unit density, access, and amenity feasibility

• Preliminary cost benchmarks based on comparable new-build projects

Capital exposure: limited
Output: go / no-go decision on site pursuit

Phase 2: Site Control & Concept Design

(3–6 months)

Once a site is selected, control is secured through acquisition or option structure, depending on ownership and risk profile.

During this phase:

• Concept-level architectural design is developed

• Unit mix, apartment sizes, and gross-to-net ratios are defined

• Core amenity programme is fixed (fitness, lounge, chambre privée, etc.)

• First-order construction cost estimate is prepared with advisors

• Initial financial model is built, including amenity costs and sales assumptions

Amenities are treated as integral components of the value proposition and are costed and prioritised early to ensure financial viability.

Capital exposure: moderate
Output: validated concept, cost envelope, and investment case

Phase 3: Planning & Permitting

(6–12 months, depending on municipality)

With concept design in place, the project enters the formal planning process.

Key actions:

• Detailed architectural drawings for planning submission

• Ongoing dialogue with municipal authorities

• Refinement of façade, height, access, and building volume

• Adjustments where required without diluting core design DNA

During this phase, the design is locked at a level sufficient to provide cost certainty, while allowing refinement at detail level later.

Capital exposure: controlled
Risk reduced: planning and zoning risk materially reduced

Independent Cost, Programme & Risk Control (QS & PM Framework)

A core differentiator in the SUITE 01 delivery model — including for Young Professionals — is the use of independent Quantity Surveying (QS) and Project Management (PM). This discipline is informed by SUITE 07’s direct development experience in the UK and embedded into the Scandinavian execution model.

From early feasibility through completion, an independent QS is responsible for:

• Establishing and maintaining the project cost plan

• Providing phased cost certainty as design develops

• Advising on procurement strategy and contract structure

• Managing tender evaluation and contractor selection

• Monitoring cash flow, interim valuations, variations, and final account

In parallel, an independent Project Manager oversees programme and coordination:

• Structuring and maintaining the master programme

• Coordinating consultants, authorities, and contractors

• Managing planning approvals and statutory processes

• Monitoring progress, risks, and decision gates

• Ensuring alignment between design intent, cost control, and delivery

This dual structure ensures that cost, time, and quality are treated as transparent and balanced variables — reducing execution risk and providing a governance framework familiar to private equity and professional development capital.