Lochlyn Hill

Lochlyn Hill

Lochlyn Hill is the development of 36 acres of raw land in an infill site to create a mixed-use urban neighborhood.

The project required a rezoning, site planning in the City and the County, lot marketing to builders, design management, builder selection, architectural review, home owner’s association creation, and site construction management. It is the largest remaining undeveloped parcel in the City of Charlottesville.

Services

  • Rezoning in City from R-1 to PUD
  • Commercial Construction Financing
  • Design and Construction Management
  • Regulatory Approvals
  • Brand Creation and Management
  • Neighborhood Marketing
  • Project Management
  • Job Cost Accounting

Dates

January 2012 – Present

Project budget

  • $12MM – Project Budget
  • $6MM – Sitework

Team

  • OWNER – Meadowcreek Development, LLC
  • LAND PLANNER – Cline Design Associates
  • CIVIL ENGINEER – Collins Engineering
  • SITE CONTRACTOR – TBD
  • NEIGHBORHOOD MARKETING – Nest Realty

Oakhurst Inn

Oakhurst Inn is the careful historic restoration of a group of 4, 1920’s-era residences to serve visitors to Charlottesville and the University of Virginia. Twenty-seven guest rooms plus a dining pavilion, opening fall 2013 adjacent to the South Lawn. Medium-term-stay furnished apartments are also available.

Services

  • Project Management
  • Job Cost Accounting
  • Monthly Reporting
  • Design and Construction Management
  • Historic Tax Credit Consulting
  • Financial Modeling

Dates

  • January 2012 – Present

Project budget

  • $6.2MM – Project Budget
  • $2.1MM – Historic Renovation

Team

  • OWNER – Tenth and Main, LLC
  • ARCHITECT – Wolf Ackerman
  • GENERAL CONTRACTOR – Building Management Company
  • COMMERCIAL LENDER – Virginia National Bank

Jefferson School City Center

jefferson school city center

Jefferson School City Center is a transformational historic restoration project in Downtown Charlottesville. The 72,000 sq ft facility, once a segregated school for African Americans is now home to 9 non-profit organizations that offer a range of educational, social, health and recreational programs.

Milestone Partners was hired early in the predevelopment phase to manage every aspect of the $21MM project on behalf of 12 civic minded partners who had been appointed by City Council. The City agreed to loan $5.9MM to the redevelopment effort and left the partnership responsible for the balance. Milestone secured $6.7MM in State and Federal tax credit investor funding and the balance in non-recourse commercial loans, including $12MM in construction funding and $6MM in permanent financing.

In addition to providing comprehensive development management services, Milestone provided board administration and a variety of services to the tenants who now occupy the Center, all for a fixed fee. The Jefferson School City Center development team numbered more than 75 individuals and organizations that brought the project to life. We were honored to lead the team to a very successful conclusion, on time and under budget!

Services:

  • Feasibility Assessment
  • Development Consulting + Management Services
  • Government Entitlements + Permits
  • Construction and Permanent Financing
  • Tenant Solicitation and Lease Negotiation
  • Budget + Job Cost Management
  • Historic Tax Credit Investor Solicitation
  • Tenant Coordination
  • Marketing + Advertising Management
  • Board and Committee Administration

Dates:

August 2008 – January 2013

Project Budget:

$18.6MM – Building Renovations
$2.4MM – Tenant Improvements

Team:

OWNER – Jefferson School Community Partnership
ARCHITECT – Bushman Dreyfus Architects
GENERAL CONTRACTOR – Kjellstrom + Lee
COMMERCIAL LENDER – Union First Market Bank

Timberlake Place

Timberlake Place is a 27 unit, neighborhood scale apartment project for low to moderate income seniors. The project utilized Low Income Housing Tax Credits from VHDA as well has Federal and State Historic Tax Credits. In all there were 6 sources of financing, each with unique strings attached.

In addition to being VHDA compliant, the project had to meet UFAS, ADA, Universal Design and Earthcraft requirements. Milestone was hired by the owner during the pre-development phase to manage the project on behalf of the Jefferson Area Board for Aging. At the time we were engaged the project budget was $1.2MM over the VHDA funding threshold and in serious jeopardy.

Milestone directed a value engineering effort that brought the project budget down by 22% without compromising the program, design or quality of the project. When completed, Timberlake Place will bring attractive, affordable senior living back to a convenient, walkable neighborhood in downtown Charlottesville and help further JABA’s mission.

 Services:

  • Low Income Housing Tax Credit Application
  • $1.2MM Savings through value engineering
  • Site Plan Modifications
  • Job Cost Accounting
  • ARB Approval Modifications
  • Monthly Project Reporting

Dates:

  • January 2012 – May 2013

Project Budget:

  • $4.6MM – Project Budget
    $450K – Historic Renovation
    $2.4MM – New Construction

Team:

  • OWNER – Jefferson Area Board For Aging (JABA)
  • ARCHITECT – Gaines Group
  • GENERAL CONTRACTOR – Alexander Nicholson
    (Renovation)
  • GENERAL CONTRACTOR – Cathcart Construction
    (New Construction)
  • COMMERCIAL LENDER – BB&T

Charlottesville Abundant Life Ministries

Charlottesville Abundant Life Ministries (CALM) is a non-profit, faith-based organization, striving to work in partnership with the Prospect Avenue community of Fifeville. CALM seeks to develop a nearly four-acre parcel in the heart of the Prospect community, fronting Prospect Avenue at one end and Fifth Street SW at the other. The development program consists of three components:
1. The Ministry/College 2. Residential Townhouses 3. Residential Apartments.

Problem

CALM engaged an architect to help them develop a master plan for their property that would include a new building for the ministry programs as well has affordable housing that could help support the ministry either through sale or rental income. Once the plan was completed, they realized they didn’t know if or how it could be developed. Milestone was engaged to conduct a feasibility study of the plan and then assist the ministry in getting the project developed. Our feasibility study identified problems with the master plan that made it economically impractical and unmarketable in it’s then current form.

Solution

Milestone recommended a different development program that would be market sensitive and economically feasible. The plan involved adaptable reuse options for the ministry building and a lower density residential plan with more affordable units that could be offered for sale or lease. We then connected the ministry with potential builder partners who can help them make their vision a reality. Had we been brought into the process earlier, we could have guided the initial master planning process to a successful, more cost effective design solution and saved the owner time and money.

Dates:

  • January 2012 – Present

Team:

  • OWNER – CALM Executive Director + Board
  • ARCHITECT – BRW Architects

Barnes Lumber

The Barnes Lumber redevelopment is essential to the fulfillment of the Crozet Master Plan. The project will help transform downtown Crozet into a vibrant town center with employment opportunities, retail goods and services, restaurants and a variety of housing options that are walkable to the town center. In addition, the development will provide a critical transportation link from downtown Crozet to Parkside Village, Westhall, Westlake, Foothill Crossing, Western Ridge and the future 240-250 connector road.

Services:

  • Zoning Text Amendment
  • Rezoning from HI to DCD
  • Special Use Permit for Residential
  • Commercial Construction Financing
  • Design and Construction Management
  • Brand Creation and Management
  • Commercial and Residential Marketing
  • Project Management
  • Job Cost Accounting

Dates:

  • August 2013 – Present

Team:

  • OWNER – Transatlantic Partnership
  • CIVIL ENGINEER – Timmons Group

Other Projects

Dunlora V

400 home community in Albemarle County included a maintenance free villa and single family phase. Principal(s) managed all aspects of design, entitlement, development, construction and lot sales for phases 2C, 4A, 4B,4C.

Virginia Continuing Legal Education Foundation Headquarters

$2.5MM turnkey development and construction project in Albemarle County VA. The 14,250 square foot office project was sold to Virginia CLE upon completion of construction. Principal(s) directed all facets of the development from site acquisition through construction and final sale.

Greenbrier Office Park

$4.9MM commercial office project on Greenbrier Drive in Albemarle County VA. The project consisted of 4 buildings, 43,000 square feet on 4.5 acres. Principal(s) directed all aspects of development, construction, leasing and sales.

Signature MedSpa

$3.5MM turnkey conversion of an existing 8,750 square foot building on Berkmar Drive in Albemarle County, VA. Principal(s) provided development services from site acquisition through construction and turnkey delivery to Medspa owners.

Kegler’s of Charlottesville

$5.1MM, 45,000 square foot state of the art family bowling and entertainment center in Albemarle County, VA. Principal(s) directed all facets of development including feasibility, acquisition, entitlement, finance, construction and operations.

Queen Charlotte Square

10MM, 83,000 square foot, mixed use office and residential condo development in downtown Charlottesville. Principal(s) partnered with local architects as at-risk developers.

Jaunt Headquarters

$1.8MM turnkey design build project at Keystone Place in Charlotteville Virginia. Principal(s) managed entire development on behalf of Jaunt.

Rivercrest at Dunlora

A villa and maintenance free detached home community in Albemarle County, VA. Principal(s) directed all aspects of development from property assemblage through entitlement, construction and sales.

Westhall

TND style neighborhood development in Crozet VA. The project is currently in phase 5 construction. Principal(s) at risk directed all aspects of development from acquisition to entitlement, marketing, sales and construction of phases 1-4.

Belvedere

770 unit new urban style mixed use development in Albemarle County VA. Project is currently in phase I construction and sales. Principal(s) directed Property assemblage, design, entitlement, and site construction.

Mountainside Senior Living

$750K Joint venture with Jefferson Area Board for the Aging to purchase, renovate, expand and operate an assisted living facility in Crozet VA.

Whittington

Acquisition and entitlement of a 96 lot residential community in Albemarle County VA. Project is currently in phase 1 construction phase. Principal(s) managed acquisition, design, entitlement, financing and investor syndication.

Avemore

$27MM, 280 unit market rate apartments in the Pantops area of Albemarle County, VA. Principal(s) assisted with site acquisition, entitlement, design, and development management for the Owner and Developer.

602 Cabell Avenue, 222 14th Street, & 1910 Jefferson Park Avenue

Student oriented condominium projects near the University of Virginia were developed at risk in partnership with local architect and builder. Principal(s) managed project sales and marketing

Alpha Phi, AOP, Sigma Sigma, Sigma

Residential Restoration projects near the University of Virginia qualified for Federal and State historic credits. Sororities leased the facilities upon completion. Principal(s) managed all aspects of the development, historic rehab and certification, financing and syndication.