Starchild Property
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25,000 square feet
Warehouse/Retail/School
The investor return looks out of this world, however, this was in 9-years of development. Challenged with a lot split, wetland mitigation increasing the west portion of the property from 3 acres to 5 acres, right away require land widening, relocation of energy infrastructure, and design-build services for StarChild Academy. Retaining the existing eastern building allowed the developer to retain lease income from the project for 9 years.