182: Nicholas Pasquenza, Senior Vice President, Development and Construction @ LCOR

Nick Pasquenza has spent more than 25 years in commercial real estate, leading complex projects and the teams behind them across design, construction, and delivery. Throughout his roles, he has developed a deep expertise in the full arc of urban development, establishing a clear conviction: if you don’t understand how buildings are valued, you don’t truly understand the impact of the decisions you make.

Today, Nick serves as the Senior Vice President, Development and Construction at LCOR, a nearly 50-year-old integrated development and investment management firm. He leads their design, engineering, and construction teams across LCOR’s large-scale mixed-use and mixed-income developments, drawing on a career of over 4,000 apartments delivered.

Nick joins Rens on Design Development to walk through the behind-the-scenes of consistent development success: on their last seven projects, LCOR delivered on time with contingency remaining. The two discuss entitlement risk, preconstruction, contingency discipline, and what 25 years of weaving through roles as a contractor and developer have taught Nick.

Inside this week’s episode:

• Why slowing down during design can lead to better construction outcomes
• How LCOR structures preconstruction partnerships with general contractors
• Why a firm’s delivery track record has become increasingly important in today’s capital market
• How BIM review, schedule analytics, and 3D site capture help catch costly problems earlier
• Entitlement risk, and the importance of a clear approval path

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