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	<title>83M Archives - VRJ Properties</title>
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	<lastBuildDate>Mon, 13 May 2024 19:23:01 +0000</lastBuildDate>
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		<title>Construction Supplier Building $83M Selma Plant</title>
		<link>https://vrjproperties.com/construction-supplier-building-83m-selma-plant/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Mon, 13 May 2024 15:06:05 +0000</pubDate>
				<category><![CDATA[Industrial]]></category>
		<category><![CDATA[83M]]></category>
		<category><![CDATA[Building]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Plant]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Selma]]></category>
		<category><![CDATA[Supplier]]></category>
		<guid isPermaLink="false">https://vrjproperties.com/construction-supplier-building-83m-selma-plant/</guid>

					<description><![CDATA[<p>Crystal Window &#38; Door Systems, a manufacturer of replacement and new construction windows, plans to establish manufacturing operations in Selma at the Eastfield Crossings development. The $83.6 million project is expected to create 501 jobs. Selma is 30 miles SE of...</p>
<p>The post <a href="https://vrjproperties.com/construction-supplier-building-83m-selma-plant/">Construction Supplier Building $83M Selma Plant</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="f1e826a8-10b7-411a-a545-e9d344d3b7fd"><strong>Crystal Window &amp; Door Systems</strong>, a manufacturer of replacement and new construction windows, plans to establish manufacturing operations in Selma at the Eastfield Crossings development. The $83.6 million project is expected to create 501 jobs. Selma is 30 miles SE of Raleigh.</p>
<p data-beyondwords-marker="97cc3f44-4c21-4825-a51a-7213654f4625">The new Johnston County facility will specialize in aluminum and vinyl extrusion and window and door fabrication, with in-house finishing capabilities such as powder coating paint. It’s expected to take up 240,000 square feet on 42 acres. Production should begin at the facility in late 2025 or early 2026. </p>
<p data-beyondwords-marker="34b65d0b-f212-4422-a132-e0541a858b95">The project is being supported, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee. The project’s projected return on investment of public dollars is 81 percent, meaning for every dollar of potential cost to the state, the state receives $1.81 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after considering the grant’s reimbursement payments to a given company.  </p>
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<br /><a href="https://www.connectcre.com/stories/construction-supplier-building-83m-selma-plant/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/construction-supplier-building-83m-selma-plant/">Construction Supplier Building $83M Selma Plant</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>Joint Venture Secures $83M Loan for Sarasota Venture</title>
		<link>https://vrjproperties.com/joint-venture-secures-83m-loan-for-sarasota-venture/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Thu, 11 Apr 2024 15:10:43 +0000</pubDate>
				<category><![CDATA[Multi-Tenant]]></category>
		<category><![CDATA[Multifamily]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[83M]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Joint]]></category>
		<category><![CDATA[Loan]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Sarasota]]></category>
		<category><![CDATA[Secures]]></category>
		<category><![CDATA[Venture]]></category>
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					<description><![CDATA[<p>The Allen Morris Co. and the Alaska Permanent Fund Corp. are joining forces on a 253-unit multifamily project in Sarasota. The duo secured an $83 million construction loan for the Bayside Sarasota from Kennedy Wilson. The project, which will be...</p>
<p>The post <a href="https://vrjproperties.com/joint-venture-secures-83m-loan-for-sarasota-venture/">Joint Venture Secures $83M Loan for Sarasota Venture</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
]]></description>
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<p data-beyondwords-marker="f7cddc58-34ad-4213-8fa3-82a2d270b54a">The <strong>Allen Morris Co.</strong> and the Alaska Permanent Fund Corp. are joining forces on a 253-unit multifamily project in Sarasota. The duo secured an $83 million construction loan for the Bayside Sarasota from Kennedy Wilson. The project, which will be at<strong> </strong>850 Cocoanut Avenue, is scheduled for two phases. The second phase will include a 96-unit tower that will break ground this fall. Phase I construction has started the is expected to be delivered in the fall of 2026.</p>
<p data-beyondwords-marker="8bdca212-1a0a-4323-92e8-71f8683c1ed8">Phase One’s five-story building will include one-,two- and three bedroom units with ground floor retail. Amenities will include a rooftop pool, fitness center and a restaurant. Development partners include general contractor Brasfield &amp; Gorrie, architecture firm Dwell Design Studio. </p>
<p data-beyondwords-marker="c9158651-f9f4-4e9b-b33d-7850235d6d0a">The location is close to downtown Sarasota as well as shopping and dining venues. It’s one block from the $200 million The Bay Park Redevelopment project. </p>
</div>
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<br /><a href="https://www.connectcre.com/stories/joint-venture-secures-83m-loan-for-sarasota-venture/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/joint-venture-secures-83m-loan-for-sarasota-venture/">Joint Venture Secures $83M Loan for Sarasota Venture</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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