Chattanooga Development Opportunity

[Joseph Stern]

I currently have 10 acres under contract in Chattanooga that can be developed into apartments or mixed use commercial. I live in Tampa and I'm looking to JV with a developer in Chattanooga, I can offer favorable terms as well as a commission to a realtor that can connect us. Feel free to comment or message me if you know someone who may be interested.

[Kristi Kandel]

Quote from @Joseph Stern:

Quote from @Kristi Kandel:

Quote from @Joseph Stern:

I currently have 10 acres under contract in Chattanooga that can be developed into apartments or mixed use commercial. I live in Tampa and I'm looking to JV with a developer in Chattanooga, I can offer favorable terms as well as a commission to a realtor that can connect us. Feel free to comment or message me if you know someone who may be interested.

@Joseph Stern What made you put it under contract? What part of the development process do you have expertise in and what expertise are you looking for from your development partner?

Actually because I buy mobile home parks, so I put a mobile home park under contract in the same area and the owner mentioned he owns some land down the road as well that can be developed and gave me pretty favorable terms and price on it so I am exploring my options if it makes sense to close on the land as well or just the park. I am new to development but not to construction, I'm a GC in Tampa but I don't do any ground up projects. That is why I'm looking for a developer to JV on the deal with.

@Joseph Stern ahhh gotcha. That makes sense and is typically how we "find" extra land in markets we are doing projects. It seems you have the zoning / possible uses identified so the next step would be to engage the local brokers to see what the market actually needs on that land and what the tenants are willing to pay. That will determine if apts or mixed use (or a combo)  are the highest and best use for the land.