|
 The Development Arm
Our latest
project will be creating the Connecticut Energy Museum on a
contaminated Brass Mill in New Milford, CT.
View Our Current Projects
The Green Building industry
increased by 20% in 2005 and by 30% in 2006, and by 2010 the
industry should grow to 38 billion dollars. Our company is poised to
become a market leader in this field in Connecticut by producing the
most stable investment of all time… basic housing. The company’s
assets will grow dramatically via various means. We will retain a
number of rental units in our housing developments and thereby
increase the value of the company. We will sell a good many of these
units, thereby increasing capital in the company. And we will
utilize our experience and expertise in developing land to maximize
land values for our developments, again adding value to the holdings
of the company.
The
development process is difficult and time consuming. Often one must
contend with local planning and zoning boards extraordinarily
resistant to any form of change. We are prepared to face this.
First, we have on our staff as lead development consultant, William
Schappert. Bill sat on the Brookfield Planning and Zoning
Commission in various positions for 40 years. He also was
responsible for Taunton Press’s building of new facilities, thus he
dealt with all the local planning and zoning boards in the greater
Danbury area and manage to get zoning variances many times from many
different municipalities. His familiarity with the ins and outs of
these commissions and his personal relationships with those that
remain on various boards will
provide Connecticut Real Estate and
Construction with a tactical advantage other developers simply do
not have.
We also plan to develop
affordable/work-force housing. The state of Connecticut has
mandated all 151 municipalities in the state should have 10% of its
housing stock as affordable. Five municipalities have that 10%: New
London, New Haven, Waterbury, Danbury, and Danbury. The other
146 have, on average, 2% affordable housing stock. Thus, should we
propose to a local planning and zoning commission a development with
affordable housing, they must not reject the plan unless the project
will compromise public health and/or safety. Should we be rejected,
we simply fill out an 8W3 form with the state, and the state will
overrule the local municipality if they find no health or safety
issues.
However, the
local municipalities have much to lose should they deny our
proposal. We represent the hottest of “hot buttons” in the public’s
consciousness today, environmental welfare. As we are the “GREEN
affordable” builders in Connecticut, the political fallout from
denying one of our projects could be detrimental to the board
members’ political futures. Those on the boards are not unaware of
this. In fact, when we went to the Newtown Planning and Zoning
commission, we explained how it would only be feasible for us to
build units stack four high. Local regulations stipulate
multi-family dwellings can only be stacked two high. The board
looked at our preliminary designs and then asked us to re-write the
regulations to fit our plans, and then they would look to amend
them. Towns know they need affordable housing stock. They know
they must make it
financially feasible for someone to
build these units. They are simultaneously aware of the good will
they can garner by putting those projects in the hands of builders
who will emphasize “environmentally friendly” building. Needless
to add, we are re-writing many of the Newtown zoning regulations as
you read this document.
We also plan to develop commercial
real estate in the hospitality and health care areas. Of course, we
will require assistance from those in that sector, but already we
have garnered financial commitment from Alex Patel, an hotelier with
over thirty-years in the industry who already owns over three
hundred rooms up and down the East Coast. He has committed to
construct another 80-100 at the mouth of our development. Visiting
Angels, a nursing aid company, has already committed to furthering
the development of fifty elderly and infirm nursing units in
Brookfield on Federal Road. (See our project at 533 Federal Rd. for
further details.) Indeed, the future of Connecticut Real Estate and
Construction looks very bright!
Venture capital is being sought to
make sure we capture the market quickly before larger competition
enters the market. Our company will be self-funded as stabilized
sales, building profits, rental income and development profits to
the tune of hundreds of millions come to fruition.
Profits to
investors can be various forms-- stock, equity, or simple interest.
The legal ramifications of this choice shall determine the form of
compensation we choose to offer our investors. Let it be clear,
however, that regardless of whatever form we choose, our
investors will enjoy both short and long-term windfalls exceeding
virtually all other types of investment available without the risk
other investments require.
While we are excited
about the direction in which much of our business is heading, we
require an infusion of funds to expand our base of operation. These
funds should be easily returned given the present state of where our
commercial and residential deals rest. Presently we have
$1,100,000,000.00 worth of deals in place. Commissions alone on
these deals and others will allow the company to cash out investors
quickly and with interest, thereby reducing investor risk.
View Our Current Projects
|
