NAIOP 5/6
Project of the Year
This honor recognizes a commercial real estate developer for an outstanding project and could be awarded across various product types, as decided by the award committee.
Award timeline: Nominations are accepted annually (schedule TBD). The award application will be made available when nominations are open.
Requirements for Nominations
- The award is presented to an active developer-member of NAIOP, in good standing.
- The developer should be listed as the developer of record on the project.
- Ground broken or project completed between specified dates.
- Both new development and re-development/adaptive reuse projects are eligible.
- Project must be primarily (more than 51 percent) utilized for goods distribution/fulfillment.
Recognition
The award winner will receive considerable publicity, including:
- Press release from NAIOP.
- Award presentation. The company’s CEO or a senior executive is requested to accept the award and make a brief presentation about the award-winning project.
- Feature in Development magazine.
NAIOP established the Project of the Year award in 2015.
Award Criteria
1. Financial Analysis
Detail the project’s economic success, including return on investment, lease rates, lifecycle costs, tenant improvement costs and overall profitability.
2. Economic Impact
Detail the impact on the local community and marketplace, including effect on rents, amount of space developed/absorbed and jobs created.
3. Innovation
Detail the project’s innovations in concept, design, construction and/or build-out. Specify unique characteristics about the facility, including automation, special design and layout.
4. Challenges/Solutions
Detail issues/successes encountered during planning, municipal and environmental objectives/constraints; and site and/or design challenges.
5. Supporting Materials
Include sample marketing materials and the leasing/sales strategy (if applicable), as well as project images (limited to five).
Past Winners
2015 Trammell Crow Company
