Elizabeth City, NC (PRWEB) April 15, 2008
Norton & Associates provides P & L Management Services in NC, SC, GA, TN and Va. The Grigg's Waterfront Property of 579 acres will be engineered by John R. McAdam's Company from Raleigh NC for commercial development that will include; Waterfront Resort Commercial development that includes a Hotel Lodge of 500 rooms, Indoor Retail, National Brand Seafood restaurants, Theaters and potential waterfront investment housing.
The property is located adjacent to existing Golf Communities and will provide entertainment and water fun recreational venues. The project has been identified by investment parcels that allow for the sale of the entire site during Phase I or joint venture funding options. The value of Phase II of approved civil commercial parcels include infrastructure and increase the value of the development $20m for the Phase I investors. Complete estimated land sales EBTE is $30m.
The project has identified potential end market buyers IE; Great Wolf Lodge and recreational Water Park, Cracker Barrel Old Country Store, Bass Pro Shop Outdoor Destination Retail and a 30 acre commercial entertainment retail center. Norton and Associates provide the P & L management services which include all levels of private investment funding and JV Partnering for land purchase, development and build out. The current private investment market is funded by foreign private investment firms with interest in the US Real Estate Markets.