ABOUT THE BRONZEVILLE DEVELOPMENT PROJECT
The Bronzeville Development Project is an exciting project that will be apart of the new surge of development in the Bronzeville community. With this project, we would like to create development that supports the spirit and the residents of the community. We are very intentional in our project to ensure that it is suitable fit for the community and the direction of its development.
Our development approach is inclusive as opposed to displacement. We would like to enhance the community in ways that will help it to grow and develop in positive ways that will be an asset in its long-term future.
PROFITABLE INVESTMENTS
We create a profitable business model of commercial real estate for our investors and stakeholders.
ECOSYSTEM
Our ecosystem of commercial property, commercial businesses and residential units creates sustainability for our projects.
24 YEARS OF EXERIENCE
Our development team has over 24 years of experience in commercial and residential real estate development.
SUSTAINABLE
Our approach to real estate development has long-term sustainability for long-term return on investment.
PROJECT LOCATION AND AREA SUMMARY
The Bronzeville Development Project will span between 41st and 42nd and State and will encompass the east of 41st and Wabash. There will be 2 multi-level apartment complexes, a boutique hotel, and 2 mix-use commercial buildings. The development will start in July of 2025.
PHASE 1 - DEVELOPMENT SUMMARY AND TIMELINE
PROJECT LOCATION AND AREA SUMMARY
The Bronzeville Development Project will span between 41st and 42nd and State and will encompass the east of 41st and Wabash. There will be 2 multi-level apartment complexes, a boutique hotel, and 2 mix-use commercial buildings. The development will start in July of 2025.
GRAYSTONE CONVERSION WITH COMMERCIAL DEVELOPMENT
The Graystone building will have 2 dwelling units and 1 commercial unit on the ground level.
FINANCIAL SUMMARY
PROPERTY ACQUISITION COST - $500,000
CONSTRUCTION COST - $450,000
TOTAL PROJECT BUDGET - $950,000
5 YEAR HOLDING TERM
PAYMENT TOTAL OVER 5 YEARS - $420,000
PROPERTY REVERSION AMOUNT - $950,000
GROUND LEVEL AND 2ND FLOOR HOTEL BUILDOUT
This will be a multi-use space with multiple commercial units along with a bar and restaurant.
FINANCIAL SUMMARY
PROPERTY ACQUISITION COST - $1,000,000
CONSTRUCTION COST - $1,500,000
TOTAL PROJECT BUDGET - $2,500,000
5 YEAR HOLDING TERM
PAYMENT TOTAL OVER 5 YEARS - $630,000
PROPERTY REVERSION AMOUNT - $2,500,000
60,000 SF MULTI-USE COMMERCIAL DEVELOPMENT WITH HOUSING
This will be a multi-use space with multiple commercial units along with a bar and restaurant.
FINANCIAL SUMMARY
PROPERTY ACQUISITION COST - $5,500,000
CONSTRUCTION COST - $950,000
TOTAL BUDGET - $6,450,000
5 YEAR HOLDING TERM
PAYMENT TOTAL OVER 5 YEARS - $527,850
PROPERTY REVERSION AMOUNT - $6,450,000
PHASE 2 - DEVELOPMENT SUMMARY AND TIMELINE
PROJECT LOCATION AND AREA SUMMARY
The Bronzeville Development Project will span between 41st and 42nd and State and will encompass the east of 41st and Wabash. There will be 2 multi-level apartment complexes, a boutique hotel, and 2 mix-use commercial buildings. The development will start in July of 2025.
52,000SF MULTI-USE COMMERCIAL DEVELOPMENT
There will be 24 units total with 6 commercial development incorporated into the plans.
FINANCIAL SUMMARY
PROPERTY ACQUISITION COST - $3,500,000
CONSTRUCTION COST - $1,500,000
TOTAL PROJECT BUDGET - $5,000,000
5 YEAR HOLDING TERM
PAYMENT TOTAL OVER 5 YEARS - $815,500
PROPERTY REVERSION AMOUNT - $5,000,000
PHASE 3 - DEVELOPMENT SUMMARY AND TIMELINE
PROJECT LOCATION AND AREA SUMMARY
The Bronzeville Development Project will span between 41st and 42nd and State and will encompass the east of 41st and Wabash. There will be 2 multi-level apartment complexes, a boutique hotel, and 2 mix-use commercial buildings. The development will start in July of 2025.
PHASE 4 - DEVELOPMENT SUMMARY AND TIMELINE
PROJECT LOCATION AND AREA SUMMARY
The Bronzeville Development Project will span between 41st and 42nd and State and will encompass the east of 41st and Wabash. There will be 2 multi-level apartment complexes, a boutique hotel, and 2 mix-use commercial buildings. The development will start in July of 2025.
90 APARTMENTS WITH 6 UNIT GROUND-LEVEL COMMERCIAL
There will be 90 units total with 6 commercial development incorporated into the plans.