Virginia Real Estate Development - Pinnacle Construction and Development Corporation



  • Virginia Real Estate Developer
  • Virginia Property Development Company

The Virginia real estate development company, Bluestone Land, L.L.C., an affiliate of Pinnacle Construction & Development Corporation and Park Properties Management Company, L.L.C., has been providing real estate development services in Virginia since 1997. Bluestone's experience as an owner and developer of Virginia real estate complements 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 development 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 in Virginia to provide creative financing structures. These firms include:

  • The Arcand Company
  • BB&T Capital Markets
  • Virginia Housing Development Authority
  • Howard Weil
  • Wachovia Bank
  • Richmond Redevelopment & Housing Authority
  • PNC Multi-Family Capital
  • Bank of America
  • Lynchburg Redevelopment & Housing Authority
  • Franklin Capital Group
  • USDA Rural Development
  • Dept. of Housing and Urban Development
  • Raymond James Financial
  • CapMark Finance
  • The Richman Group
  • Capital One
  • Fannie Mae
  • Local Initiatives Support Corporation
  • National Equity Fund, Inc.
  • Second Bank & Trust
  • Longwood University Real Estate Foundation
  • United Bank
  • Regions Bank
  • Roanoke Redevelopment & Housing Authority