180 WASHINGTON AV PORTLAND ME
649K1500sf
Buy a floor! 20% or 139k gives you investor power to create an entire floor of the building and profit as a developer. 180 Washington Av Portland Maine outperforms market rate condos 2 to 1, literally, with 2 units and a projected 2x value. We do the hard part leaving you with a “paint-by-number” program to develop an expressive interior to your vision with aplomb! Why would you ever let a developer design your home if you could avoid it? Controlled by an architect, these condos are for buyers who want far more agency in managing a real estate asset.
Not a typical presale- buyers participate as investors. It works simply as if you’re using a construction loan to build your house - 20% cash required [$649k floor cost x 20% = 139k ]. Once your floor is created, your construction loan can convert to a mortgage if you need it.
No “canned” developer interiors - your unit floor is a limitless opportunity which you receive unfinished. All building systems are ready to accommodate a multitude of interior possibilities. You can create 1 or 2 units. 1500sf.
Your R.O.I. opportunity is immediate and approaches a 2X potential with the right kind of interior development. [ Note: market rate condos priced to the very edge of the market, have no initial R.O.I. ]
H A D as your developer and then architectural advisor builds your base floor and then puts you in a far more productive and lucrative position to have developer and design power to create a floor of the building to your vision..
(above) Street View of 180 Washington Av. A planning solution that protects owners from future neighbors above and below w/ robust steel construction, concrete decks and adjacent with galvanized steel panels for zero clearance fire protected walls on north and south property lines. The front east wall recesses pushing floor units into the site creating an intimate residential scale, privacy and protection from the street and then units open full width - 32ft- to the west for a dramatic view of the city and the Maine woods beyond.
URBAN PLANNING STRATEGY - (see multicolored plan view - at right side or below) Shows future buildings that can contact the side walls of the 180 Washington property. The fin-like n/s walls in the building’s design will merge w/ these new developments creating a true infill property which is the intent of Portland’s zoning and this project. As an urban design strategy it creates more efficiency in use of resources w/ common walls rather than typical planning that see distinct buildings w/ expensive interior spaces between. (See - 2nd image in black.)
(The 180 Washington panoramic view starts from the southwest with city views and sweeps around to back cove and the Maine woods beyond as shown above in this northwest view.)
Let’s work Together
You - the buyer- are on the inside —an insider. Buying a condo at market prices is so outside — you’re at the mercy of typical developer offerings aimed to give you the least possible—-capitalism that puts you ,clearly, at the wrong end of it. Here, You have far more power to determine the destiny of your real estate. You’re free to design it independently or use our guided program for maximum value and profit.
Things don’t start until permits and a construction loan are secured, but once that’s done, buyers need only to hold on for about ±6 months to see delivery of their floors. Without the complications of individual floor build-outs, the commercial contract retains its logistic clarity for simplified, fast, and predictable construction. After this you create your interior program to your standards.
Requirements are aimed to be reasonable as 20% is a typical cash commitment for almost any RE purchase. However , here you’re putting 20% to work shaping your real estate potential rather than simply securing a bank loan after you bought something questionable at the top of the market. To reserve a floor, a small deposit is necessary. Final presentation of the project terms will take place during permitting and will give you ample time to prove the value of this offering.
This should look like an outstanding opportunity but favors a kind of buyer who wants agency and much higher return value. You decide how much you want to do and we’ll guide you —-but the idea that you have freedom to create your floors and control the ultimate value of your real estate should feel exciting and full of potential. We certainly can also supercharge your imagination if you want us to…
( See menu for “buyers’ checklist”.)
H A D