Greetings BP community, I recently joined a national senior care living development team.

I am curious at what stage of land development the sale was struck with builder.  

Purchase price: $75,000 Cash invested: $600,000 Sale price: $269,000This is my largest new build development to date.

Not to mention the economic development steps the town is taking in ensuring the growth of town (roads, schools, zoning) stays on par with the future expected population growth and new jobs that are going to be a result of the new factories opening.  

We have a few properties under development and need guidance on setting up our partnerships (including preferred returns, limited partnership structures, and capital contributions), complying with Virginia requirements, and possibly filing in multiple states.

There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

Seeking a construction/architect/development mentor would be wise.

With all the new development around the stadiums, it can be very lucrative and presents room for growth as the area continues to develop.

gauging interest in miami smaller hotel developments like this on .1 acre. 

Be skeptical of the developer's claims, as your property's value likely won't see substantial growth until the entire development is completed and sold, which could take several years.