Aaron Clark
Lakeville, MN (USA)
Role(s):
Founder/Owner/Principal
Old Town Development
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Startup
Location:
Lakeville
Industry:
Real Estate
Year Founded:
2007
Number Employees:
1-10 people
Description:
The project is a commercial development, (Phase 1) and Assisted Living Facility (Phase 2). The Commercial Development of Phase 1 is (34,000 sqf) of retail space. We have interest from grocery retailers, liquor stores, and Fast Food Chains. Phase 2 is a proposed 115 bed assisted living facility.
This is not a Greenfield project as all land is acquired the zoning, grading and permitting has been completed. Significant cash is in the project looking for final equity piece to meet bank guidelines. Project cost: Phase 1, 5M; Phase 2, 14M. Looking to proceed with Phase 1 ASAP and then move forward with Phase 2. Have a business summary available for review.