In New York, the first step in development, whether it is a single building, a complex or a residential complex, is to make a master plan (master plan and preliminary design of the house) and submit it to the Building and Construction Authority for approval.

After approval, further construction drawings will be made, and then submitted for approval (both the building permit fee and the construction supervision fee will be paid), and all approvals can be started.

Therefore, after the transfer of ownership, Lin Zitan and Eddy quickly set up a development planning project team and tendered several existing large project development companies in New York City to seek the best planning plan.

Lin Zitan and Eddie met with Richard in private, and it has been more than half a year since the last meeting in the bar, but this time, the roles of the three have changed a lot.

At present, the three of them not only have to work together, but most importantly, Richard's company is also one of the strongest planning companies participating in the bidding this time.

To put it simply, Lin Zitan and Eddie are likely to be the first party in the development of this huge project now. So this meeting was the result of Richard's personal coordination.

In the United States, especially in New York, real estate development is a lucrative business. Properly done, it can be a process of turning a piece of loess into a myriad of gold bars, but if it is not done properly, it runs the risk of bankrupting developers.

As for what kind of people can succeed in real estate development, some experts give the following conditions:

First, you need to have a "big" heart, be able to withstand things, have a strong ability to withstand and resist pressure.

Second, it is necessary to have strong funds. Third, we must have experience and knowledge.

Therefore, this kind of trading is only suitable for a small number of investors who are prepared, have the ability to take risks, and have rich knowledge and experience.

Although Lin Zitan has been deeply involved in the real estate industry, it is a pity that he is only a leader in the real estate agency industry, and he is still a newcomer to land development.

In some countries, people do not have ownership of the land, but after buying real estate and land, they will have absolute ownership of the real estate, so some people think that as long as they have ownership, they can "do whatever they want" and develop and build on the land at will, which is actually a misunderstanding.

In fact, in the United States, land ownership (Title) and land development right (Entitlement) have the same root and are completely different concepts.

Land ownership is an objective physical substance that determines what the owner "has", and once owned, it is permanent, the owner has control over it, is protected by law, and is also a transferable commodity.

The land development right is artificially formulated, subjective regulations and agreements, which determine what the developer "does", and has an expiration time (such as the construction permit expires after 6 months), and the landlord has no control over it, and the nature is ZF permission and is not protected by law.

In other words, if you only have land ownership but do not have the right to develop the land, and you start building a house on your own, it is an illegal building and it will not work.

In fact, in the United States, especially in a metropolis like New York, the biggest risk of land development projects is their uncertainty.

First of all, even if you have a piece of land, it is very uncertain whether you can successfully apply for land development rights.

Secondly, there may be various obstacles encountered during the development process, and the developer needs to do the fullest due diligence/feasibility analysis report before the development.

The main thing is to analyze the infeasibility, try to eliminate all potential obstacles, and try to eliminate all risks of the project being blocked and being "cut in half" after the project is carried out.

Thirdly, the market is unpredictable, and the marketing of the project is still uncertain.

The Harrison family is a large real estate group integrating planning, development, construction, marketing and property management, and is also one of the largest real estate development giants in New York.

Its rich experience in real estate development and strong planning team are second to none in the industry.

If they can incorporate the experience and integrated service of Richard and the entire Harrison family, they can avoid many detours and the risk of failure is greater than the risk of working with other companies.

Therefore, after receiving Richard's invitation, Lin Zitan and Eddie happily went to the appointment.

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The three of them had a business lunch at the Four Seasons Hotel, and Lin Zitan remembered that this seemed to be Harrison's favorite haunt, so he was somewhat amused by Richard's caution.

Eric told Lin Zitan that if it was just a 21 million land project, Richard originally didn't plan to cooperate with them, but because Lin Zitan and Eddie's bidding publicity was very large, all real estate development companies in the industry wanted to participate.

Crucially, Harrison Group is indeed the best of the few planning companies selected to participate in the bidding, and whether it is for the comprehensive planning of land development projects or the choice of professional authority, Harrison Group is likely to win.

But Richard was anxious, and he was anxious to show his father how hard he had put into the tender, so he asked them to talk again in private, to find out what they were talking about.

"Hi ~ Eddie, Hi ~ Mr. Lin ~"

When Lin Zitan and Eddie arrived this time, Richard had already arrived for a while, sitting at the waiting bar, holding a newspaper provided by the hotel in his hand, but he didn't seem to take it too seriously, because as soon as Lin Zitan and the two of them entered the door, he stood up from his seat and looked happy.

"Hi ~ Richard, long time no see~"

Eddie walked over and shook hands with the other party very warmly, and then stepped out of the way a little more and let Lin Zitan shake hands with Richard.

"Sir, have you all your guests arrived?"

A young waiter approached and asked very respectfully.

"We're all here, please take us to your seats!"

Richard changed his easy-going appearance when facing them just now, and said lightly to the waiter.

"Okay sir, please go this way~" The waiter stretched out his hand and bowed and led them to the reserved seats.

"Mr. Lin, I just met Eric the day before yesterday, and I learned that you cooperated with him on a charity project, I didn't expect you to be a kind person at a young age, I admire and admire~"

As soon as he sat down, Richard began to look for common topics from Lin Zitan, and this time the whole person's state was really completely different from the first time they met.

"Yes, I mentioned you to Eric last night, and he always complimented you on your abilities. Lin Zi said in a courtesy.

"Haha, it's over, my brother is just not good at the real estate industry, but his paintings are really ...... I can still see it. ”

Richard struggled to find the words of praise that he had never been able to say before, praising his half-brother, so his tone and expression seemed a little uncomfortable and natural.

"Eric's paintings are really good, I went to one of his auctions with my wife last time, and as a modern abstract style, his paintings are still very spiritual, and my wife admires his work. ”

Eddie was completely unflattering, having last taken his wife and Mr. and Mrs. Lin to Eric's auction and visited his largest gallery in Midtown, where he ended up buying a painting from Eric's pandemic and agreeing that it was collectible.

"Hehe~ yes, I can only say that I don't know much about art, and you know, I have always been committed to working with reinforced concrete. Richard sneered.