Neal Development Group and Ellen Yarckin report a busy 4th Quarter in 2020 with a series of varied and interesting new construction projects in the Central Florida area.
“These are all new buildings that are under construction currently. We are doing the bank draw inspections,” explains Yarckin.
She shares the following details:
- Old Town in South Orange County. This project contains room for 12 different businesses and 5 outparcels. Construction should be finished at the end of 2021. This is a $10 million dollar project.
- $100 million Venetian Isle project on Dixie Avenue. It will include a Marriott hotel, assisted living complex, medical offices, apartments, and retail space. The project is next door to the Lake Port Square retirement community which we are also inspecting.
- Beacon College Residence Hall and Dining Facility. This is a 30,000-square-foot new residence hall and a 6,000-square-footdining facility in Leesburg Fl. that should be finished in 2021. It is an approximately $10 million dollar project.
- Live Oak Community Church in Oxford, Florida. This is a $9 million dollar project that should be finished in by June of 2021.
- Simple Life in Oxford. We are inspecting this 223 unit tiny-home community with all its amenities that include a pool, clubhouse and fitness center. This project sits on 69 acres.
Neal Development Group delivers construction Loan Monitoring (CLM) Services that assess construction projects from pre-construction through job completion. We monitor construction loans on behalf of lenders. The lender hires Neal Development Group as a third party inspector to verify the contractor’s request for payment. It is important to confirm that the contractor is not getting ahead in payment for the work completed for the project. Additionally, Neal Development Group monitors the quality of work in place, manpower levels, conformance to the original schedule and reviews change orders
Neal Development Group has provided a monthly monitoring service for lenders of approximately 30-40 projects per month for over 15 years. We have experience with historical renovations as well as new development. To support our clients, we review all work schedules, all documentation, budgets and provide progress reports during all phases of construction. Our staff makes a recommendation to make disbursements while monitoring progress in the field and bank draw requests Neal Development Group’s construction loan monitoring Services are available for all banks and construction projects.
The firm also offers Property Condition Assessment, Owner's Representative Services, Construction Estimating, Cost to Competition Analysis, and more.
“We are InterNACHI certified in various areas to ensure that you get the best service possible,” she added.
Licenses Include:
- State of Florida General Contractors License – CGC 056787
- State of Florida Underground Excavation and Utility Contractors License – CUC 043116
- State of Florida Underground Excavation & Utility Contractors License – CUC 1224995
- State of Florida Home Inspectors License – HI 9434
- State of Florida Home Inspectors License – HI 9587
- State of Florida WDO Termite Inspector – JF 245195
- State of Florida WDO Termite Inspector – JF 245196
