Mitchell Springs Veterans Independent Housing Overview

• Located in Sandston, VA, this projects shall be developed on 2-plots comprising of a total 56-acres. The project shall be developed into (3) Phases with each phase taking approximately 18-months to initially lease than sell the SFD units for each phase.

  Phase-1 planned for (17) Single Family Dwellings (SFD); Phase-2 planed for (22) SFD; and Phase-3 planned for (11) SFD. The style homes shall be Colonial and Traditional styles.

  ZONING: Henrico County Virginia has already pre-approved the development plan previously submitted by another developer. ADI has confirmed that this plan stands as previously submitted.

  STATS:

  • Development Type: (50) Two-Story, Single Family Dwellings (SFD) developed in 3-phases
  • Lead Developer / Development Consultant: ALSENIOR Development, INC.
  • Development Location(s): Henrico County, Virginia USA
  • Real Estate and Marketing Consultant: US Real Estate Services:
  • Total Development (Maximum) Cost: $10 MM USD including finance fees
  • Equity: $1 MM USD at 10% Ownership
  • Joint Venture Partnership: Yes
  • Status: Currently initial negotiating funding terms