Bluestone Land, L.L.C., a real estate development company an affiliate of Pinnacle Construction & Development Corp. and Park Properties Management Co., L.L.C., has been providing real estate development services since 1997. Bluestone’s experience as an owner and developer of real estate compliments Pinnacle’s construction and Park Properties’ asset management capabilities and expertise to provide turn-key solutions for real estate projects. Over the years, Bluestone has developed an expertise in complex and creative financial transactions through the use of taxable and tax-exempt bonds, and Federal and State Low-Income Housing and Historic tax credits.
Services provided:
- Provide site selection
- Coordinate rezoning and site plan approvals
- Coordinate and review required third party reports, i.e. environmental assessments, geotechnical analysis, traffic studies, market studies, and appraisals
- Coordinate Department of Historic Resources Applications and Nomination for Listing on the National Register of Historic Places
- Land entitlement process
- Prepare applications to secure construction and permanent financing from various private and governmental sources
- Prepare Reservation and Allocation Applications for Low-Income Housing Tax Credits
- Acquire syndication proceeds through the sale of Federal Low-Income and Historic Tax Credits
- Coordinate architectural, engineering, landscape architectural and interior design
- Coordinate Cost Certifications and Audits
- Coordinate architectural, engineering, landscape architectural, and interior design
- Represent the development before neighborhood associations and Architectural Review Boards
- Obtain syndication proceeds through the sale of Federal Low-Income and Historic Tax Credits
Bluestone has partnered with a number of lenders, housing development authorities, tax credit equity firms, Universities, and corporations on real estate projects to provide creative financing structures. These firms include:
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- Virginia Housing Development Authority
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- Richmond Redevelopment & Housing Authority
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- Lynchburg Redevelopment & Housing Authority
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- Dept. of Housing and Urban Development
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- Local Initiatives Support Corporation
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- National Equity Fund, Inc.
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- Longwood University Real Estate Foundation
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- Roanoke Redevelopment & Housing Authority
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