How do I get the word out about our new development? Climate refugees are coming!

[Cory Howes]

Good Day,

I am a part time real estate investor based out of Marquette, Michigan, and am now getting my feet wet with development.

We bought a 40 acre forested parcel within the city limits of Negaunee, MI. We have acquired all permits, and passed planning and zoning, and even received 1.2 million in TIF (Tax Incremental Financing) to reimburse us for the cost of running new roads, and city utility infrastructure. We split 1/2 of the 40 acres into 27 residential forested lots, that range between 1/3 and 1/2 acre. 

Speaking to multiple realtors in the area, we have not yet seen a decline in our real estate market, with multiple over asking offers all nearly all homes within Marquette and Negaunee. My business partner and I thought that be creating vacant city lots (in a beautiful forest setting), that folks would want to buy lots and build their own homes. We have gotten some interest, but not nearly as much as anticipated. 

I'm looking for any advice as to how to get the spark going, or for any potential investors who'd be interested in building home and or duplex's.

Our lots are cheaper than any thing else on the local market, and range between 30-50K depending on size and location.

To me, I feel like a larger construction company would be needed to build at scale to help reduce the cost of construction, but then of course, that requires a huge amount of capital up front. 

This is a booming area, just miles from Lake Superior, and has some of the best access to incredible mountain biking trails, fishing, water falls, cross country and down hill skiing. 

https://www.travelmarquette.co...

Looking forward to hearing any and all advice. Thanks in advance! 

Cory Howes