A New Kind
Of Development.
Responsibilities included leading and managing the complete evaluation, design, entitlement, and sales process utilizing all of my Business Development skills. Coupled with all of the above tasks, the development of parcels of ground from New York State to Florida was also my responsibility. Yasik Group with its 11 employees would identify a particular site; whether by its own methods or by its introduction through a high referral base of real estate agents and related contacts.
Once a parcel of land was identified, we would evaluate the viability and feasibility; whether through a “By-Right”, Special Exception, Re-zoning, or even a Comprehensive Plan Amendment use. Through this evaluation we would and could determine a timeline and associated costs to achieve the approvals for the proposed use. This too was accomplished through strong local relationships with governmental officials as well as politicians. I would also negotiate, and compose all land contracts on the parcels we chose to move forward with.
EDSALL ROAD BUSINESS PARK
YG Land Holdings has clients with projects waiting to take off on 6400 Edsall Rd, Alexandria, VA called “The EDSALL ROAD BUSINESS PARK”.
The project is estimated to be finished within 12-24 months. Due to the prime location, the business park will have the following projects to choose from: an Event Center, a 125 key Hotel, a Turkish Spa, a Coffee Shop, a Retail/Storage Franchise, a Private School, and a Corporate Team Building Franchise.
(Proposed Event Center
EDSALL ROAD BUSINESS PARK
YG Land Holdings has clients with projects waiting to take off on 6400 Edsall Rd, Alexandria, VA called “The EDSALL ROAD BUSINESS PARK”.
The project is estimated to be finished within 12-24 months. Due to the prime location, the business park will have the following projects to choose from: an Event Center, a 125 key Hotel, a Turkish Spa, a Coffee Shop, a Retail/Storage Franchise, a Private School, and a Corporate Team Building Franchise.
Proposed Event Center
The Center
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Seeking Financing of $2,500,000 (land and development including a 20% contingency)
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Interest Rate (negotiable)
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Settlement is ASAP
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Holding period of 3-12 month (negotiable)
PROCESS SUMMARY
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YG Land Holdings to settle on 10.78 Acres of premium land by October 30th 2014.
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Construction plans are instantly confirmed and prepared for execution.
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Available PAD sites are contracted and developed for Spa, Hotel, Restaurant, Corporate Team-Building Franchise, Retail/Storage, private Academy & Event Center.
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Delivery begins as early as 12 months from land acquisition
PROPERTY VALUE
This parcel is zoned C-8 and is rare to find in the area. The area is selling for $1,000,000 per acre for unimproved raw land. We looked at the recent sales rate, active listings, as well as those under contract –
Property Snapshot
Zen and Tranquity
PROPERTY SNAPSHOT
The investment land parcel sits on 10.78 acres with views of I-395 North. Out of the 10.78 acres, there is some RPA and some Flood plain. Zoning has approved the land for commercial use and zoned C-8. While the RPA has limited ability for construction, the flood plain can have parks or athletic fields on it.
In this project all structures will share the same parking spaces without discrimination.
The Hotel and Event Center are expected to occupy approximately 2 acres, the others will use about 1.8 acres to include:
· Retail - Coffee Shop, Restaurant with drive thru, etc
· A Corporate Team Building Franchise, Turkish Bath/Spa,
· Retail/Storage Franchise and Private Academy
Tranquility
Proposed Turkish Spa
READINESS FOR ACTION
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The different project owners are ready to proceed with development upon purchase of the land. We will ratify contracts as soon as we take ownership of the land. The Maximum allowed by the County for improvements is 282,269 SF for the buildable acres but we plan to put up no more than 200,000 SF of total construction to avoid overcrowding.
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The C8 zoning in Fairfax county is the most sought-after with the most flexible uses. Any risk will be with any use that requires a Special Exception (for example, the Self-storage Unit). Everything else is by right based on the currently approved C8 zoning.
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FINANCING NEEDED (purchase and development):
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Total Amount of $2,500,000 including a 20% contingency
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Interest Rate (negotiable)
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Settlement is ASAP
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Holding period of 3-12 month (negotiable)
Proposed Restaurant
10 Unit MD Development Deal.