mdg current projects
TRANSCRIPT
1
Milestone Development GroupMixed-Use Development, Grantville, Pennsylvania
Purchased approximate 69-acre vacant parcel from local farming family in September 2004 across Station Road from Milestone
Hotel Partners’ existing Holiday Inn Harrisburg-Hershey Hotel; Purchased Texaco Gas Station and approximate 3-acre parcel from independent owner/operator in October 2005; Redevelopment of 72-acre parcel to include:
A. 59-room Focused Service Hotel (land sale);
B. branded restaurants ranging in size from 5,000 to 10,000 square feet (land sales);
C. 4,000 square foot gasoline “super station” and convenience store (build-to-suit/lease);
D. 2,500 square foot branded bank (land sale);
E. Up to 120 single family and/or townhouse units (to be built and marketed by MDG); and more than 500 parking spaces.
Key Statistics
A
BC
D
E
2
Milestone Development GroupMixed-Use Development, LaGrange, Kentucky
Purchased existing Days Inn Hotel and approximate 10-acre parcel from Milestone Hotel Partners in July 2006; Purchased existing BP Gas Station and approximate 2-acre parcel from independent owner/operator in November 2005; Preservation of approximate 3-acre parcel located in environmentally protected zone; Redevelopment of 12-acre parcel to include:
A. 14,550 square foot Walgreens (build-to-suit/lease);
B. 4,500 square foot Commonwealth Bank (land sale);
C. 96-room Focused Service Hotel (land sale);
D. 5,000 square foot nationally branded restaurant (land sale);
E. 10,000 square foot, 2-story office building (build-to-suit/lease); and 337 parking spaces; Successful negotiation of Land Subdivision and Declaration of Easements, Covenants, Conditions and Restrictions among the
various tenants of the condominium parcel.
A
B
C
D
E
Key Statistics
3
Milestone Development GroupMixed-Use Development, Gatlinburg, Tennessee
Negotiated purchase of approximate 5-acre vacant parcel in
May 2006 in thriving arts & crafts district in Gatlinburg; Development to include:
A. 150-unit Extended Stay Hotel (to be built by MDG
and operated by MHM);
B. Up to 12 townhouse units (to be built and marketed
by MDG);
C. 10,000 square foot catering and banqueting facility
(build and operate); and 155 parking spaces;
A
B
C
Key Statistics