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Thursday, 02/29/2024 11:48:14 AM

Thursday, February 29, 2024 11:48:14 AM

Post# of 81430
I'm not sure I'm clear on the press release. The project is to include 500 apartments, 42 townhouses, 40 retails mixed usage and 100 keys of 4. This seems like a lot of development to fit into 23 areas. Are the 23 acres a part of a bigger development plan? Is this possibly this is the total for the entire project not just JP3e's 23 acreage?
Will most of the revenue come from the sale of the land for development? Will JP3E retain ownership of some of the properties and collect rents from some of the commercial buildings to account for the revenue figure of $14,000,000 annually once the project is developed?