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54 Unit Church Ave Development – Deal 2025

Project: Church Ave Development Location: 2010 Church Ave Size: 32,500 sqft Units: 54 residential units (2 & 3 Bedrooms) Amenities: Paid garage parking, pool, gym, modern technology, luxury design. Timeline: Phase 1 (2025): Acquisition ($6.5M) Phase 2 (2026): Planning, architectural & engineering design, town submittals, approved plans Phase 3: Construction financing, ground-breaking, turnkey project Phase 4: Sale / Stabilization / Cash-out refinance

Account Role: Guest

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Investment Info

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Investment Statistics

Project Phases

Acquisition 2025-10-01 – 2025-12-01

Land & property acquisition valued at $6.5 million

Planning & Design 2026-01-01 – 2026-02-02

Full architectural & engineering design, Submittals to city/town planning department & Final approval of plans

Construction & Financing 2027-01-01 – 2028-01-01

Secure construction financing, Groundbreaking and project build-out & Delivery of turnkey, luxury residential units

Lease-Up & Stabilization 2029-01-01 – 2029-01-04

Start: Q1 2029, End: Q4 2029 | Units marketed, tenants secured, building stabilized

Exit / Cash-Out Refinance or Sale 2030-01-01 – 2030-04-01

Final disposition through sale to institutional buyer or refinance for investor payout

📄 Full Project Description

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