RIALTO

 Washington, DC NE

The project consists of the purchase, development and construction of a single multi-story building including ground floor retail space, 74+ 1BR and 2BR condo units, and 20+ underground parking spaces. The property was purchased in November 2017, completed the plans approval and building permit process and has started construction.  Planned construction time is 10-12 months. Sales & Delivery is expected to take 6-8 months for a total project timeline of 46 months with delivery and closeout scheduled for mid 2021. The project borders four well established neighborhoods in the NE quadrant of Washington DC (Eckington, Bloomingdale, Edgewood and Brentwood) and is better known as “Rhode Island Row.” Rhode Island Row embodies urban style and energy, convenience and convergence. A lively scene of restaurants, shops and services, topped with bright and spacious apartments right on the Red Line. Current retailers and restaurants include: Carolina Kitchen, Chipotle, Dunkin’ Donuts, Jersey Mike’s Subs, Smoothie King, TKO Burger, CVS and several service providers.

Sponsor Partner:  Capital City Real Estate (CCRE)

Company Website

COMMODORE

Richmond, VA

The Commodore project is a joint venture ground-up mixed-use development and new construction property located in Richmond, VA.  The 7-story building will consist of 173 one-, two-, and three-bedroom residential apartment units featuring prime ground floor retail space (3,500 square feet) and 2-story below-grade parking (235 spaces) in Richmond, VA’s historic Manchester neighborhood.

The capital city of Richmond has a strong sense of history and is one of America’s oldest major cities.  It’s modern touch includes historic sites, museums and friendly neighborhoods. With easy access to Washington, D.C. and a pleasant residential setting, Richmond is a growing city with solid business, financial, health-care and quality of life industries. Insulated by strong economics, a young and vibrant millennial working class and several regentrifying urban neighborhoods, Richmond is an ideal real estate market for investment. Richmond’s economy is primarily driven by law, finance, and government, with federal, state, and local governmental agencies, as well as notable legal and banking firms in the downtown area.

Two of its largest universities, Virginia Commonwealth University (VCU) and The University of Richmond add college-town amenities, including sports and marquee educational programs. The Blue Ridge Mountains lie about 90 miles west and the Chesapeake Bay is 60 miles east. Richmond’s climate includes warm and humid summers and generally mild winters. The mountains to the west act as a partial barrier to winter cold and storms.

The laid-back Manchester neighborhood is a stone’s throw from the beautiful Saint James River and has been revitalized with cafes, brewpubs, and Southern-style seafood restaurants, and independent art studios. Manchester also includes Ancarrow’s Landing along the river for fishing, birding, and picturesque walks.

Sponsor Partner:  Capital City Real Estate

THE ROYCRAFT (DREWRY)

Atlanta, GA

Our second project in Atlanta, the Drewry project consists of the purchase, construction and sale of a single residential multi-story building including main and ground floor parking with 42 1BR/2BR/3BR condo units. The property will be purchased in January 2020 and will immediately commence construction and presales. Planned construction time is 16-18 months. Sales & Delivery is expected to take 6-8 months for a total project timeline of 22-26 months with delivery and closeout scheduled for late 2021 / early 2022. The Property is located in the Virginia Highland neighborhood of Atlanta which is seeing increased residential development and growth over the past few years and is directly located on the Atlanta Beltline and blocks away from Krog Street Market and Ponce City Market.

Sponsor Partner:  Capital City Real Estate (CCRE)

Company Website

SYCAMORE AND DOUGLASS (OZ)

Washington DC

We are pleased to present a Qualified Opportunity Fund (QOF) Investment.  Accredited investors may participate in JIDI’s QOF to invest in two projects located in SE Washington, DC.  The first Is ground-up development of a preleased medical office building at St. Elizabeths East with 120,000SF at 1200 Sycamore Drive SE, with ground floor retail, breaking ground June 2021, delivering in 2023, and another planned approximately 100,000 SF office building.

The second project is called the Douglass and the Frederick, located adjacent to the Anacostia River/Capitol Riverfront, featuring two multi-family apartment buildings that will include over 700 market-rate and affordable homes totaling 700,000 square feet above ground floor retail, delivering in 2025.

Sponsor Partner:  Redbrick LMD

THE INDIE (EDGEWOOD)

Atlanta, GA

Our first residential and mixed-use development project in Atlanta, the Edgewood project consists of the purchase, development and construction of a single multi-story building including ground floor retail space, 100 1BR and 2BR condo units, and 190+ above the ground parking spaces. The property was purchased in May 2018, completed the plans approval and building permit process and has started construction.  Planned construction time is 16-18 months. Sales & Delivery is expected to take 8-10 months for a total project timeline of 45 months with delivery and closeout scheduled for early 2022. The Property is located in the Old Fourth Ward neighborhood of Atlanta which is seeing significant development and growth over the past few years and is within a few blocks of the Atlanta Beltline, Krog Street Market and Ponce City Market.

 

Sponsor Partner:  Capital City Real Estate (CCRE)

Company Website

COLUMBIAN QUARTERS

Washington, DC SE

This project presents an opportunity to participate in the development of up to 2.45M residential & commercial mixed-use space located in SE Washington DC, known for its beautiful waterfront views & increasing demand for property. This will be the first joint venture opportunity for JID Investments LLC (JIDI) with Redbrick LMD. The sponsor has decades of experience in real estate acquisition, entitlement, renovation & development of commercial, residential, multi-family and mixed-use properties. The project has the potential to last up to 10 years+ but will afford multiple liquidation opportunities for JIDI and its investors to exit or choose to remain. This investment will evolve from development to a buy and hold investment.

 

Sponsor Partner:  Redbrick LMD

Company Website

PENINSULA 88

Washington, DC SW

Our largest investment to date, the Peninsula 88 project is planned for the development of 110 waterfront condominiums (including private parking) and main floor retail space, overlooking both the Anacostia and Potomac Rivers.  This site and location offers the property unmatched water views of both eloquent and scenic rivers.  In addition, the property is only two blocks from the newly planned $300 million DC United Soccer Stadium (has already broken ground), seven blocks to Washington Nationals Baseball Stadium, and the $600 million Phase 1 replacement of the South Capitol Street Bridge that crosses the Anacostia River.  Today Buzzard Point is one of Washington DC’s last large track redevelopment sites. The significant public investment planned will transform the public realm and accelerate redevelopment of the area.

 

Sponsor Partner:  Capital City Real Estate (CCRE)

Company Website

MAGNOLIAHAUS

Frederick, MD

The MagnoliaHaus project is a joint venture ground-up residential apartment development and new construction located in the Tuscarora Flats neighborhood of Frederick, Maryland.  The project will consist of up to six multi-family buildings including a stand-alone clubhouse; 189 one-, two-, and three-bedroom apartment units; 290 parking spaces and a variety of tenant amenities.

Frederick, Maryland is considered one of the best places to live in the state, offering residents a dense suburban feel while affording most residents to own their homes. It is also considered a major biomedical hub housing the National Institute of Allergy and Infectious Diseases Integrated Research Facility at Fort Detrick and National Cancer Institute.

Sponsor Partner:  Capital City Real Estate

DEERBROOK and CHIMNEYS

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Wilmington, NC and Greenville, SC

This opportunity presents JIDI an investment in two separate apartment complexes with the same Sponsor. The first property (Deerbrook) is located in Wilmington, NC. The second property (Chimneys) is located in Taylors, SC (inside of Greenville County) & less than 8 miles from the city of Greenville. These properties will be purchased to modernize, gain efficiency & resell allowing for investment diversification through two separate multi-unit assets. The investment will include quarterly cashflow & well positioned investor returns through sales of both properties. Total investment period is projected between two & five years but targeting three years.

 

Sponsor:  Cohen Investment Group (CIG)

Company Website

Deerbrook:

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Chimney:

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RHODE ISLAND AVENUE NW

Rhode Island Avenue ClientRhode Island Avenue Client

A small renovation of a Single-Family Rowhome in a well established and sought out neighborhood of NW Washington DC with a 3-5 minute walk to the Shaw-Howard University Metro Station and Logan Circle. Walk Score ranks this location at a 96 out of 100 for a “walker’s paradise” and 99 out of 100 for a “biker’s paradise.” Several restaurants, amenities and shopping very close by.

Our investment partner plans to conduct a full renovation of the 3-level property with rehab and upgrades to the kitchen, bathrooms, basement, flooring, bedrooms and common areas. We will add a half bathroom on the main level to make the home a 3 bedroom 2.5 bathroom property. Expected completion is for August 2019.