The Hidden Cost of Poor Project Management in Commercial Real Estate | Luciano Salvatore

In this episode, Luciano sits down with Axel Monsaingeon to discuss what separates successful projects from costly failures. They explore the importance of being involved early in the planning process, the value of boots-on-the-ground project management, and how value engineering can create significant savings without compromising quality. Luciano also shares lessons learned from major projects, including large-scale developments involving Walmart, Decathlon, and Lufa Farms, while explaining why strong relationships, experienced teams, and hands-on leadership remain essential despite the rise of AI and technology.   This episode is sponsored by ClickSpace. Click Space is redefining the future of office space in Montreal with turnkey offices, storage, 3PL, conference rooms, lounges, and niche communities for ecommerce entrepreneurs, women entrepreneurs, and AI-focused businesses. Spaces start at just $550/month, and paid referral partnerships are available for brokers. Learn more: https://clickspace.ca/ Get in touch: [email protected]   Topics 🔨 Building a project management company (00:02:04) 🏢 From office fit-ups to $400M developments (00:05:42) 📋 The project management process explained (00:07:21) ⚠️ Why early involvement prevents costly mistakes (00:09:39) 🏬 Managing major projects for Walmart, Decathlon & Lufa Farms (00:10:46) 👷 Why boots on the ground still matters (00:13:55) 💰 How value engineering creates savings (00:15:23) 🤝 Building and retaining a high-performing team (00:17:15) 📈 Expanding into Ontario and Toronto (00:19:11) 🤖 AI, technology, and the future of project management (00:21:37) ☎️ Why relationships still outperform emails (00:23:14)    🔗Connect with  Luciano Salvatore 💼 LinkedIn:https://www.linkedin.com/in/lucianosalvatore/ 🏢 GLS Luciano Salvatore Project Management: https://www.lucianosalvatore.ca/en/    👤Follow Axel Monsaingeon 💼 LinkedIn: https://www.linkedin.com/in/axel-monsaingeon-42577b28/ 📸 Instagram: https://www.instagram.com/axelmonsaingeon 🌐 Explore more resources 📊 Market guides, data, and advertising opportunities: https://www.e5pace.com/