Urban Infill Development
- Five parcel land assemblage – acquired site in Nov. 2010
- Up-zoned to capture first new grocery store in Old Town in 30 years. Rezoning – completed June 2011
- Developed 175 luxury apartments above a 55,000 SF, full-service Harris Teeter grocery store
- Sold the property in 2015 to an overseas buyer
Investment Themes:
Urban infill location - High barrier-to entry location