Mansfield Professional Office Project
58Project Summary and Progress Notes
Lone Star Group is planning to construct an approximately 4,500 square foot class “A” single story executive suite office building in Mansfield Texas. The project is located near Country Club Drive and Matlock Road less than a mile from Walnut Creek Country Club.
The site is "ready to build” with flat terrain, and all utilities, streets, street lights in place.
We will keep you up to date with the progress of this project and help you learn about what it is like to be a real estate investor in a growing Texas city.
December 5, 2006: This week we are sending the CAD engineering drawings to our specialty space planner. Norm has over 10 years experience in space planning for professional office space. He is expected to review the lot dimensions, set-back and parking regulations, environmental requirements and market information and suggest an interior layout for the building. Once we have a layout, and suggested finish requirements we will be able to confirm our costs with the general contractor. The space plan will also have a significant impact on expected rents and final proforma financial projections for the project.
These final CAD drawings are then submitted to the city in order to receive a building permit.
The financial partners will see the specific floorplan and proforma before the limited partnership is funded and closed and construction begins.
This hubpage is created for the limited partners for the convenient review of news about the project. This is not an offering of securities or any investment.
This project will be a long term commitment of years and the limited partners can afford the risks of commercial real estate investment. This document contains forward-looking statements. There are no warranties, express or implied concerning actual construction costs, lease rates, final loan terms, vacancy levels or net operating income on the project. Return of capital, preferred returns, proforma rates of return or the accuracy of draft underwriting models are not guaranteed. .
Typical Design / Final Look Not Selected
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cthomas says:
8 months ago
Beautiful! Is this project completed?