The Design Phase


Pensam Development draws from its background in Asset Management during this phase.  Working with in-house Designers, the needs and desires for the property being developed or renovated are outlined, as well as the timeline and budget for the project.  Building codes are also examined as well as any permitting that is required in order to begin work on the property.


In-house Project Managers and Designers develop the aesthetic design solutions and common themes for the project.  They produce graphics, renderings, and models to convey concepts to the internal team.

Design Development

Once initial schematics are approved, the Design Team develops the themes of the project in further detail.  This includes incorporating materials, components, and systems into the design of the renovations and producing drawings and specifications to depict project range and quality.  These drawings are then developed using AutoCAD, to be presented for final approval.

Construction Documents

Finalized drawings are established to maintain a consistent design schematic across the entire scope of the renovation.  Mechanical, electrical, and plumbing systems are finalized, and the specifications sent to vendors to begin preparations.  Materials and equipment are also finalized in preparation for construction.

The Construction Phase


During the Pre-Construction phase, Pensam Development articulates the value of the proposed scope of rehabilitation or ground-up construction.  During this phase, the schedule and budget of the project are also refined, and permitting is completed with local agencies.


During the Bidding phase, Requests for Proposal (RFP) are issued to vendors.   Vendors are then evaluated based on ability to deliver projects under budget and on-time.


Pensam Development adopts an on-site and administrative supervisory role during this phase, tracking the schedule, budget, and lender related items.  Close attention is paid to work quality and onsite work process to ensure safe working conditions and minimal disruption in the cases of working in occupied buildings.

Furniture, Fixtures & Equipment

During this phase, all procured Furniture, Fixtures & Equipment (FF&E) is installed in all units and structures under rehabilitation.