AI for Real Estate Development: Does the Deal Pencil? with Usman Wajid - Block & Mortar
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AI for Real Estate Development: Does the Deal Pencil? with Usman Wajid - Block & Mortar
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Before a developer breaks ground, the numbers need to make sense. Can AI help teams get to that decision sooner?
Logan Freeman welcomes Usman “Uzi” Wajid, Founder and CEO of Block and Mortar, to explore AI-powered construction cost estimating, site selection and early-stage real estate development.
Using a real development land listing on 191st Street in Spring Hill, Kansas, they work through an initial 200-unit apartment concept, revise it to 96 units and discuss how costs, neighborhood data and rent assumptions change the analysis.
The conversation also covers where estimate data comes from, how contractors and developers can collaborate without trading spreadsheets, and why technology should fit the way people work.
This episode includes a screen-shared software demonstration. The discussion walks through the process, while the video edition of The Kansas City Market Pulse shows the platform in action. Estimates and pro forma outputs are preliminary and require further validation.
Explore Block and Mortar:
https://blockandmortar.ai/
Connect with Midwest CRE Advisors:
https://www.mwcreadvisors.com/