Wendell Davis

monticello, FL (USA)
Role(s):
Other

Wendell Davis

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Location: Rio Vista
Industry: Real Estate
Year Founded: 2014
Number Employees: 1-10 people
Business Stage: Growth (profitable)
Entity Type: Sole Proprietorship
Description: SUNSET RIDGE DEVELOPMENT RIO GRANDE CITY, TEXAS JOINT VENTURE INVESTMENT OPPORTUNITY • The Sunset Ridge Development Project is a 482 acre commercial development. • This site is more than 100 feet higher than the surrounding area and existing city which are in a flood zone. In the fall of 2018 heavy rains flooded the surrounding areas and city. • We have already dedicated Rio Vista Blvd. which is a 100 foot wide right of way almost 2 miles long through the length of the project. • The property is free and clear. • There is no zoning in this county or city so we are free to develop whatever we wish. • The land is only 2.5 miles from an international port of entry with Mexico which generates cross border economic gain to both sides. • The property already has a water main running the length of Rio Vista Blvd. • Electricity is already on the land. • Fiber optic telephone, cable TV and internet will be available from the company located on site in an earlier development phase. • We have engineering plans for improving the Blvd., an aerial topo map, surveys, and a title policy. In other words we are ready to go. • The State of Texas through TXDOT has completed (Aug. 2018) the first phase of a highway reroute around the existing city and adjacent towns. TXDOT is forecasting beginning the next phase call State Loop 195 along the south boundary of our project late this year to early 2020. Most of the existing U.S. Hwy 83 traffic is expected to utilize the new route upon completion in 2022. The planned development will include the following venues: PLANNED BUSINESSES AND FACILITIES RETAIL Regional Shopping Mall Mini Tent Mall A movie theater anchored shopping center A super market anchored shopping center A home improvement and major pharmacy anchored shopping center COMMERCIAL / LIGHT INDUSTRIAL Commercial Building Space Leases Light Industrial Ground Leases Mixed-Use (Residential over Office/Commercial/Retail) Neighborhood Strip Centers Building Space Leases -Hair Saloons, Dry Cleaners, Laundry-mats, Donut Shops, Convenience Stores, Gas Stations, Auto Repair, etc. RESIDENTIAL Apartments Condominiums – Low Rise Moderately Priced Condominiums – Terraced and High-Rise High-End Pricing HOSPITALITY High rise Hotel with roof top restaurant Mid priced motel-restaurant Moderate prices Motel 1 of 3 RESTAURANTS Franchised Chain Restaurants, Buffets Sports Bar & Grilles Fast-Food Restaurants Local Stylized Restaurants Combo-Market-Restaurants, Health Food Restaurants, Exotic Cuisine Restaurants High-end sunset view split level international restaurant ENTERTAINMENT Multi-Purpose Arena Football, Soccer, Rugby Rodeo, Monster Trucks, Motocross, Field Hockey, Marching Band Mini Concerts, Stage Acts, Dance Recitals, Graduations, Lectures Amphitheater Project Major Concerts, Minor Concerts, Local Events, Plays, Musicales, Operettas- Sunset Ridge Drag Strip Track NASCAR Quality Raceway (Potential) Theme / Amusement Park Movie Theater Bowling Alley Entertainment Center Small Entertainment Venues Miniature Golf, Arcades, Go-Carts, Laser Tag OTHER Mausoleum multi-unit Private Cable TV – Data Provider Urgent Care Clinic PUBLIC SERVICES Fire Station Police/Sheriff Station POSSIBLE Sewer Plant – Recycling Reclaimed Water • In June 2019 we received an appraisal in which the land as-is has an Appraised Value: $122,120,000. • We are pursuing both a loan on the property to begin improving the Blvd, and building a first phase of the planned venues. ask about buying or be a joint venture ❖ We a seeking immediately a One Million investment from an astute Joint Venturer that recognizes an opportunity when it knocks. ❖ For the $1,000,000.00 investment the Joint Venturer will receive a Two Percent (2.0%) joint venture position in the project. The 2% represents $2,440,240.00 based on the Appraised Value. The joint venture funds contributed will be used to complete pre- development engineering, architectural work and the cost of securing the development loan. Based on current sales in the flood zone once the boulevard is improved the land will triple in value.