Rengen Developments’ Post

The Taunton Development/MassDevelopment Corporation (TD/MDC), real estate investment firm Rhino Capital Advisors, and state and local officials today broke ground on a new state-of-the-art, 180,000-square-foot advanced manufacturing facility located on lot BP2 at the Business Park at Myles Standish in Taunton. In 2022, TD/MDC sold the last two undeveloped, pad-ready lots at the new business park – BP2 (11.25 acres) and BP3 (9.95 acres) – to Rhino Capital for the creation of speculative build-to-lease manufacturing facilities. At the new facility on lot BP2, Rhino Capital aims to attract “tough tech” tenants with building features such as a 32-foot clear height, up to an 8,000-amp power capacity, and five loading docks. Rhino Capital anticipates the facility will support hundreds of new jobs. Construction on the facility is expected to be completed in spring 2025. In 2012, MassDevelopment and the Taunton Development Corporation (TDC) partnered to form a nonprofit development corporation to redevelop the 220-acre site of the former Paul A. Dever State School by expanding the Myles Standish Industrial Park and developing a new business park. With the assistance of MassDevelopment and TDC seed funding, state and federal grant funding, and the city’s approval of District Improvement Financing (DIF), the Business Park at Myles Standish was completed in 2022, with all parcels sold. The public-private partnership completed MEPA permitting and traffic mitigation, demolished and remediated more than one million square feet of vacant buildings, tunnels, and water towers, and constructed new roads and utilities. Eleven new companies have now invested in the new business park, resulting in more than 1.6 million square feet of new development, $158 million in private investment, 1,400 new jobs, and an additional $3.2 million in annual tax revenue to the city of Taunton. bit.ly/3zzZt29

"Progress Continues for Mall West End Redevelopment Project" Read the full article below..

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Brickyard Village, our latest project in Kingsport, TN is over 60% committed! Here’s why this location is a prime spot for investment right now: 🌳 New Park and Pedestrian Bridge: The city is heavily investing in public amenities, including a new park and a pedestrian bridge connecting directly to downtown. This enhances community feel and accessibility, making our development even more attractive. 🏭 Economic Stability: Kingsport is home to Eastman Chemical Company, one of the biggest employers in the area. This brings a steady stream of potential residents seeking quality housing. 🚧 Construction Boom: Kingsport is experiencing significant growth with new residential developments, businesses, and infrastructure improvements, indicating the city's upward trajectory. 💼 Financial Soundness: The city’s strong revenues, conservative budgeting, and sound financial management make it a safe and stable investment opportunity. 🎬 Entertainment Upgrades: A state-of-the-art IMAX theater is coming to the Fort Henry Mall, and the Hard Rock Hotel and Casino Bristol is set to open in late 2024, adding to the area's appeal. Our development will seamlessly integrate with Kingsport’s vibrant community, offering a mix of single-family homes, townhomes, apartments, and retail spaces. The city has partnered with us, investing $9M into the project. >> If you missed the webinar, you can still watch it. Just click the link in my bio to get access. —----- I'm Mike Foley, Owner of Humabuilt. We transform raw land into investment opportunities through land entitlement, offering accredited investors the chance to invest in these projects. Click the link in my bio to sign up for my free newsletter, The Common Sense Investor. 🏘

Wondering how the High Risk Building (HRB) project delivery will adapt with the latest Building Safety Act takes effect.

OakNorth the digital bank for entrepreneurs by entrepreneurs, and ASK Partners, the specialist property lender have provided a £30.8m co-loan to London-based Vabel, to acquire 114-150 Queensway and 97-113 Inverness Terrace. The post-war 1950s building occupies a prominent corner position on the southern end of the site, bookended between Porchester Gardens and Inverness Terrace. The site currently has planning consent for an office-led mixed-used development, comprising of 87,284 sq ft of offices, 30,021 sq ft of residential, and 22,809 sq ft of retail space. While this latest acquisition already has a consent in place, Vabel will look to bring forward new proposals that will positively contribute to the continued improvement of Queensway, and that will deliver a mixed-use building of the highest quality, with sustainable design and architecture for one of London’s most prestigious prime central streets. Founded in 2009 by Daniel Baliti and Jeremy Spencer, Vabel set out to do things differently with a vision to revolutionise the quality of new build homes and how they’re conceptualised, designed and built. Today, the business has a team of approximately 40 people – including in-house architects, interior designers, project managers and construction managers – all of whom work under one roof, collaborating within an innovative and powerful operating model. In addition to Vabel’s uniquely integrated process, it is also sets itself apart through building homes with renewable technologies, such as: LED lights which save up to 90% energy compared to a traditional bulb, aerated taps to reduce water flow and cut water usage, heat recovery ventilation systems to circulate fresh filtered air, solar panels to generate renewable energy, and thermally efficient glazing, zonal underfloor heating, and air source heat pumps to control room and water temperatures more efficiently. Its development in Blackheath will be its first to have a ground source heat pump system, enabling the building to extract heat from the ground and use it to heat the underfloor heating systems and water. Where possible, the team aim to retain existing building fabric and recycle building materials such as bricks. They also use lime mortar, which has a much longer lifespan than cement and absorbs CO2 from the atmosphere during its curing process. https://lnkd.in/em3AU-X8

This weeks #realestatenews round-up from around the UK: Real estate investment manager Mactaggart Family & Partners has secured planning consent for a new hotel scheme in London. The City of London has approved plans for The Resident Farringdon, a 128-room hotel development at 1-8 Long Lane. Due to open in 2027, the scheme will become the brand’s fifth London site, taking its total portfolio to seven properties across the UK. Developer Watkin Jones Group has received planning consent to build hundreds of student flats on the former Pring and St Hill site in Bristol. Located on Malago Road in Bedminster, the development forms part of the wider Bedminster Green regeneration project. The scheme will deliver 484 student beds, spread across three buildings ranging from six to 10 storeys. Amenities include 130 bike storage spaces, disabled car spaces, and electric vehicle charging stations. Developer Dominus has obtained planning approval to transform a former office building in the City into a 237-bedroom hotel. The firm acquired the RBS building at 5-10 Great Tower Street in July from NatWest Group in a £27.5m deal, with CBRE advising the buyer. The building had become obsolete over the years as tenant expectations changed. Plans to redevelop 75 London Wall, a landmark office building near Liverpool Street in the City of London, have been approved. Joint venture partners GAMUDA BERHAD and Castleforge Partners have secured planning consent from the City of London Corporation to overhaul Winchester House, Deutsche Bank’s former headquarters for the past 25 years. Legal & General is offloading a retail asset in Epsom, Surrey, which could be the site of an £80m redevelopment. The 46,000 sq ft Homebase on Reigate Road, Ewell, is on the market through Savills for £15m. It offers the potential for dividing and reletting the unit to two occupiers or redeveloping the four-acre site for homes. Planning permission has been granted for an urban logistics scheme to be built in Cheshire. The joint venture between Chancerygate and Bridges Fund Management Ltd. will deliver a 170,000 sq ft development on a 7.8 acre site in Adlington. Revolut will take up an additional 113,000 sq ft on a 10-year lease at the YY building when it opens its new global HQ there in May 2025. The company, which has been on the Wharf, albeit on the outskirts, had been in talks to relocate to the West End. Revolut had appointed JLL to lead the search for a new HQ last year, focusing primarily on options in Soho, the wider West End, and the City. However, it was then reported that Revolut was in talks to relocate its head office to the YY building. All articles can be found React News and Property Week. #development #realestatenews

Investor Event Tonight! BNC- Venture Forum Presents - INVESTOR ONLY MEETING on ZOOM - S2A Modular BNC - Venture Forum presents an ACCREDITED INVESTORS ONLY MEETING On ZOOM- S2A Modular - May 16th 7PM Central Daylight Time This is a free event on ZOOM. PLEASE USE THIS LINK to SIGNUP ON EVENTBRITE FOR THE MEETING..... https://lnkd.in/dQt7qhQJ About the Company S2A Modular has totally revolutionized the conventional ”stick-built” homes to create the lowest voltage, lowest amperage engineered buildings available today. This is what they call the GreenLux Revolution.   S2A is the first electrically self-sustaining real estate products company. Each home or commercial building features stylish design, unparalleled speed of construction, tailor-made features with high-end green materials–all while producing surplus energy and under certain circumstances the unit(s) can be totally “off the grid” and self-sustaining. Their approach offers numerous benefits: • Unprecedented Speed: S2A can complete projects in as little as six weeks, significantly faster than traditional construction methods. • Sustainable Design: S2A prioritizes environmentally friendly practices, incorporating features like Tesla Powerwall technology and FreeVolt PV Graf solar panels for net-zero energy living. • Unmatched Quality: S2A’s controlled factory environment ensures consistent, high-quality construction using premium materials. With over 300,000+ units in demand for modular construction, the Company needs to expand its operations. S2A is looking to accelerate the building of a second factory in Jacksonville, FL. (first factory is in Patterson, California.) They are looking to bridge the gap until the close of institutional capital. They are planning to expand their production capacity with 3-5 new factory locations across the United States. Additionally, they’ve had significant global interest, with over 12 countries exploring licensing opportunities to build S2A Modular factories overseas. S2A recently closed out a successful $75 million retail funding round, bringing their total shareholder base to over 350 investors. Over 60% of their existing shareholders have expressed interest in building their own dream homes or projects using S2A’s innovative modular construction methods. Here's the link to their website.......... https://lnkd.in/gsuWDK2K We look forward to seeing you. Concept Equity Group NOTE... New Eventbrite Procedure to receive ZOOM Link after signing up. 1- You'll receive a confirmation e-mail from Eventbrite. Open e-mail and click on "Get Tickets Now" (red box) 2  - Screen will come up with ticket order details ... click on "View Links" (red box) 3  - Info with the ZOOM link will be shown    

Barratt Developments plc, in collaboration with Homes England and Lloyds Banking Group, has initiated a joint venture partnership - MADE Partnership. This venture is geared towards the master development of large-scale sites, ranging from 1,000 to over 10,000 homes, alongside community facilities and employment spaces. The partnership will oversee and manage the development of significant projects, coordinating various stakeholders and strategies for optimal outcomes. Backed by an initial equity funding of up to £150 million from all partners, this long-term initiative aims to unlock capital essential for bringing substantial sites into production, facilitating major and SME homebuilders in constructing new homes and vibrant communities. This groundbreaking collaboration has been hailed by Housing and Planning Minister Matthew Pennycook as a crucial step towards ramping up housing supply and fostering economic growth. Peter Denton, Chief Executive of Homes England, underscores the vital role of the MADE Partnership in creating dynamic and inclusive communities across England. With a holistic approach to development, this venture is poised to deliver exceptional living and working spaces that cater to diverse needs. Read more: [https://lnkd.in/extR63wN] Construction Wave

** OPEN FOR FUNDING ** The Coxs Quarry project is now open for funding. This is an equity investment opportunity to build 6 design led net zero carbon, custom build, Passivhaus homes in the popular Bath suburb of Combe Down.  Kiss House is a CIOB Chartered Building Consultancy that specialises in the design and delivery of exemplar Passivhaus and very low energy homes. The Founders/Directors have a strong track record delivering highly challenging and innovative projects which have won many awards. The key features of this equity investment opportunity are:   - Project Summary – A net zero carbon development of six, 3-storey, design led, Passivhaus homes in Combe Down, Bath - Project type: Custom build residential homes Sales Status – 3 homes already reserved (STC) with conveyancing underway - Share Price - £5000 - Raise Amount - £250,000 - £350,000 - Equity Raised to Date - £250,000 - Number of Shares Issued - 70 - Projected Return on Investment before tax: 25% - Planning: Outline planning permission granted. Pre-commencement and final matters have been approved/cleared - Projected investment term: 15 months with opportunity to repay earlier. This is expected to be December 2025 - Developer: Kiss House via Cox’s Quarry Homes SPV Further details can be found in the investment memorandum that is available to registered users for download: https://bit.ly/CoxsQuarry Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more: https://bit.ly/RiskEquity #equityinvestment #propertyinvestor #netzero #passivhaus #kisshouse