OPERATIO
pwcampbell.com
S
operational excellence
Having the correct amount of space to achieve operational excellence is vital to your success.
Whether your organization is expanding through mergers and acquisitions or through organic growth, our detailed process defines optimum solutions that align with your goals, budget, and marketplace.
With a history spanning 114 years and a team of experienced architects and former bankers at the helm, we have a deep understanding of the requirements for evaluating and creating Operations and Main Office spaces that meet growth and organizational needs for financial institutions of all sizes.
LIKE A FINGERPRINT, YOUR PROJECT IS UNIQUE.
Whether you are looking to build new, renovate, or add on to your existing structure, PWCampbell digs deep to understand your specific needs and strategic goals.
Our process—the Complete Facility Solution™ outlines the Part 1 and Part 2 steps we follow to ensure a successful outcome for your project.
DBIA Part 1: In the first three steps of this process, our in-house team of preconstruction, land development and design experts creates a snapshot of your facility, inside and out. Initial drawings and elevations, an estimated schedule of costs, and an approximate timeline for construction provide the answers you need to make the best decisions and minimize risk before proceeding with construction.
DBIA Part 2: Through this second half of the process, our in-house Architects and Project Managers finalize drawings and budgets. Bids are solicited from qualified, local subcontractors, ensuring that construction activities for your building remain in your community. In Part 2 we also finalize plans for branding, technology, interior design, equipment, and furniture, leaving no stone unturned before construction begins.
CLOSE-OUT AND POST CONSTRUCTION
CONSTRUCTION MANAGEMENT
NEEDS ASSESSMENT MANAGEMENT
COMPLETE FACILITY SOLUTION™
FINAL SITE/ FACILITY DESIGN
PRELIMINARY SITE/FACILITY DESIGN
PART 1 DELIVERABLES
SIGNS YOU need more space
Are you running out of space to accommodate new hires?
Are you expanding or acquiring in the near future?
Has your space become inefficient or restrictive?
Have you added onto existing space multiple times?
Are you having trouble attracting and retaining employees?
How is existing space affecting employees working remotely?
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space planning
When it comes to operations centers and main offices, the first step in our Part 1 process is to break down your spatial needs.
SPACE NEEDS ANALYSIS
We collaborate with you to analyze space requirements in detail, taking into consideration adjacencies between departments and job functions.
These findings will allow us to provide projections over 2, 5, and 7 years to ensure cohesive functionality—now and into the future— guaranteeing your space is being used to its maximum potential and you won’t run out of room in a few years.
proven
COMPONENTS OF A
process
SPACE PLAN PROJECTION 4
Our Complete Facility Solution™ defines exactly what to expect when you partner with PWCampbell. From site plans to floor plans and elevations, the accuracy we consistently achieve from drawings to construction completion is a true testament to the efficacy of our process.
ELEVATION RENDERING
PROJECT
COMPLETED
SITE PLAN
FLOOR PLAN
options analysis and financial proforma
• Renovate existing space?
Once the square footage is determined, most financial institutions face crucial decisions:
Synopsis
• Add on and renovate existing space?
• Demo and build new on our existing site?
• Build new somewhere else?
OPTION 2 - LCW Purchase
OPTION 2 - LCW Purchase
Synopsis
Option 1 consists of a partial renovation and partial tear down at the existing location. Based on initial walk through of the existing space, it would be nearly impossible to make the existing buildings work as currently constructed. The variation in floor to floor heights of buildings, bearing walls, limited ceiling heights and some structural concern make renovation of most of the existing buildings nearly impractical. Renovation of the existing buildings would not create better working environments, would not allow for office adjacency efficiency and would only result in a cosmetic change of the current layout. Our recommendation would be, at minimum, to tear down the middle third of the building, but most likely to tear down the left two-thirds, keeping only the existing branch and corner building. New building space would then be created on the remaining area where all buildings will be demolished. The space can be built to hold your 10 year plan plus additional expansion if needed.
Synopsis
Cost Analysis
Option 2 consists of purchasing the existing building of sample area. Based on a general walk through of this building, it is our opinion that this is a very good structure. While a detailed building review was not performed, the general walk through showed what appeared to be a structurally sound and well maintained building. Because of the structure of this building, it allows for very nice open floor plan space to begin essentially with a clean slate. We would propose to gut the existing space except for the general core components. This building will provide you with 7 floors and approximately 70,000 total sq.ft, of which a portion could be used to rent out to tenants.
Option 2 consists of purchasing the existing building of sample area. Based on a general walk through of this building, it is our opinion that this is a very good structure. While a detailed building review was not performed, the general walk through showed what appeared to be a structurally sound and well maintained building. Because of the structure of this building, it allows for very nice open floor plan space to begin essentially with a clean slate. We would propose to gut the existing space except for the general core components. This building will provide you with 7 floors and approximately 70,000 total sq.ft, of which a portion could be used to rent out to tenants.
Cost Analysis
Cost Analysis
one to move back in
Benefits
Disadvantages
Benefits Disadvantages
Parking will remain as it is currently
This building can be fit out without the need to move employees multiple times
Staging and construction on city lots makes construction more difficult
This building can be fit out without the need to move employees
You retain a "corporate office" that you own
It is unknown if the existing soils can hold anything larger than the current structures
You are left with the current downtown space to either sell or rent
You will have to maintain a branch and drive up at the current location and have costs associated with separate operation
If you cant sell or rent the existing space, you will have to continue to maintain the buildings inside and out
You retain your presence in downtown
You have the
You have the potential of rental income
Parking is adjacent and covered
You are re-investing in downtown
You
New space will allow for maximum efficiencies and amenities for employees
PWCampbell equals Best in Class
Our comprehensive and time-tested process goes above and beyond to provide you an in-depth analysis that is, hands down, Best in Class. No one goes into the depth that we do to determine the best building option for you.
PWCampbell clearly defines each viable option, and provides an in-depth review of actual costs and benefits associated with each option. By the end of our analysis, you will have all the data needed to make the best
Benefits
Completely customized building, to meet your needs, with essentially no restrictions
Parking for all employees will be located on site
You are re-investing in downtown
You have the potential of rental income
You own your own corporate headquarters and this building strengthen your identity and commitment
New space will allow for maximum efficiencies and amenities for employees and be a recruiting tool
Disadvantages
You will have existing space that would need to be sold or leased and maintained
You will have to maintain a branch and drive up at the current location and have costs associated with separate operation
If you can't sell or rent the existing space, you will have to continue to maintain the buildings inside and out
BOE site will need to preserve historical building which will be hard to utilize efficiently
informed decision, ensuring a successful outcome to your operations center or main office project.
PWCampbell’s experienced team is proficient in analyzing these business options to minimize your risk and maximize your investment. We will provide your management group with pros and cons for each option, accompanied by a comprehensive financial proforma analysis
6 You remain at the location you have called home and remain under one roof. You retain a "corporate office" that you own You own the property so there are no costs or acquisitions required to make this space work Land or Building Acquisition Demolition Renovation (10,000 sq.ft.) New Construction (45,000 sq.ft.) It is initially the least expensive option relating to a new build option. Parking on site could only be configured to accommodate 30-50 vehicles Cost to move employees and lease temp space 500,000 Note: All cost analysis are based on basic square foot values obtained from RSMeans Building Construction Costs, a national pricing standard. Cost analysis are provided for an initial Option Comparison, not for final project budgeting. 11,000,000 OPTION 1 - Existing Location Benefits Disadvantages Total Building Cost - Option 1 0 250,000 1,000,000 9,000,000 Site Work 250,000 You are re-investing in downtown You retain your presence downtown New space will allow for maximum efficiencies and amenities for employees You will need to relocate employees two times, one to begin demolition and
Land or Building Acquisition 4,500,000 Demolition 250,000 Site Work 50,000 Note: All cost analysis are based on basic square foot values obtained from RSMeans Building Construction Costs, a national pricing standard. Cost analysis are provided for an initial Option Comparison, not for final project budgeting. Renovation (55,000 sq.ft.) 5,500,000 New Construction (0 sq.ft.) 0 Total Building Cost - Option 2 11,300,000 Lease back of current branch space for 30 years 2,500,000 Sale of existing buildings -1,500,000
multiple
You
downtown
sell
rent
times
are left with the current
space to either
or
You will have to maintain a branch and drive up at the current location and have costs associated with separate operation
You retain a "corporate office" that you own
potential
rental
of
income
presence in downtown If you cant sell or rent the existing space, you will have to continue to maintain the buildings inside and out
You retain your
Parking is adjacent and covered
Cost Analysis - BOE Land or Building Acquisition 900,000 Note: All cost analysis are based on basic square foot values obtained from RSMeans Building Construction Costs, a national pricing standard. Cost analysis are provided for an initial Option Comparison, not for final project budgeting. Demolition 750,000 Site Work 750,000 Renovation (10,000 sq.ft.) 1,500,000 750,000 Renovation (0 sq.ft.) Total Building Cost - Option 3 14,750,000 Lease back of current branch space for 30 years 2,500,000 Sale of existing buildings -1,500,000 0 New Construction (55,000 sq.ft.) 11,000,000 Total Building Cost - Option 3 13,900,000 Lease back of current branch space for 30 years 2,500,000 Sale of existing buildings -1,500,000 OPTION 3 - New Sites Synopsis New Construction (45,000 sq.ft.) 9,000,000 Option 3 consists of purchase of one of the potential sites in or around downtown. Most available sites include existing buildings. This option assumes the demolition of the existing buildings due to the cost impact to renovate the existing buildings. Due the historical nature of the BOE site, a portion of that building would need to remain. Both sites would consist of new build to accommodate the 10 year plan or beyond. Cost Analysis - Post Office Land or Building Acquisition 1,500,000 Note: All cost analysis are based on basic square foot values obtained from RSMeans Building Construction Costs, a national pricing standard. Cost analysis are provided for an initial Option Comparison, not for final project budgeting. Demolition 500,000 Site Work
are re-investing in downtown New space will allow for maximum efficiencies and amenities for employees
Land or Building Acquisition 4,500,000 Demolition 250,000 Site Work 50,000 Note: All cost analysis are based on basic square foot values obtained from RSMeans Building Construction Costs, a national pricing standard. Cost analysis are provided for an initial Option Comparison, not for final project budgeting. Renovation (55,000 sq.ft.) 5,500,000 New Construction (0 sq.ft.) 0 Total Building Cost - Option 2 11,300,000 Lease back of current branch space for 30 years 2,500,000 Sale of existing buildings -1,500,000
employee wellness
Designing for today’s employee.
MORE THAN 2 million square feet OF SPACE TRANSFORMED!
Research shows that companies investing in health strategies benefit from improved employee performance and financial return.
In today’s environment where employee recruitment and retention are a struggle, the seven WELL Building® concepts – Air, Water, Nourishment, Light, Fitness, Comfort, and Mind, should play a key role in any building project.
PWCampbell’s team of architects stay at the forefront of WELL Building initiatives and features that fit your budget, goals, company culture, project type, and desired certification level. We aim to add value and organizational efficiency while having a positive impact on your employees’ health and happiness.
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pwcampbell.com 109 Zeta Drive | Pitsburgh, PA 15238 800.253.7430 We are a full-service firm offering design-build, branded environments, technology solutions, and consulting services to the financial industry. From site selection and demographics to architecture, design, preconstruction, and construction to branded environments and award-winning technology solutions—our Open Door relationship with our clients is the cornerstone of what makes us Best in Class. Backed by more than a century of experience, we have the passion and vision to take your project to the next level.