The Development Team of Daniel Building, LLC is pleased to offer the opportunity to invest equity for the pre-development and construction of a 66 unit class A loft style apartments located in downtown Richmond, VA only minutes to the Virginia Commonwealth University (VCU), I-95 and the dining and entertainment of Broad Street.
Daniel Building, LLC is a venture being developed by The C.A. Harrison Companies, LLC (CAH). The C.A. Harrison Companies, LLC has a track record of success in development in the Richmond sub-market and Washington DC metro area.
Daniel Building, LLC is pleased to present this opportunity to finance unique and very rare urban loft style development consisting of approx 59,800 Sqft of a former class B office building. The developers have received a preliminary SUP (Special Use Permit) approval allowing the conversion from office to residential. The property acquisition transaction is expected to close at Q2-2013.
The total development budget is approximately $7.5M and estimated required equity of $1,000,000. The developers have received an invitation from VHDA to finance the remaining $6.5M.
The property is located on Cutshaw Avenue only few minutes from Broad Street, VCU, and downtown Richmond.
The primary commercial corridors of Daniel Building are the intersection of West Broad Street and North Hamilton St, which contains shops, bars, restaurants, and direct access to I-95.