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Current Projects & OpportunitiesCommon Bond Capital Partners currently has five active projects in Florida, Virginia and California. The projects comprise 4500 residential units and over 300 acres of commercial development. CBCP’s project completion horizons range from 2018 to 2020 with internal rates of return ranging from over 15% to 35%, depending on the project. Our current projects, which provide attractive tax-advantaged returns, include the following: |
Working with David Guy on corporate and entrepreneurial projects over the past 16 years, I’ve seen him employ the highest performance standards and ethics while delighting both the investors and the end users—more than 10,000 of them—in all of his many successful master planned communities.
Rolling Hills Lake Asbury is a master-planned community of 761 planned homes located in Green Cove Springs, Clay County, Florida, a bedroom community of Jacksonville. Set in a large nature preserve area, the community features an “A” rated school district and a wide variety of home styles and sizes, catering both to families and retirees. The $3.5 million community center (clearly the best in the region) comprises a 9,300-square-foot clubhouse, competition swimming pool with adjacent recreation pool and slide, 6 tennis courts, game lawn, barbeque area, amphitheater, lakes and walking trails, all set in a large nature preserve area.
Arlington Ridge is an active adult community located in the heart of Central Florida’s beautiful Lakes region. Less than an hour from Orlando’s resort attractions, dining, entertainment, and the international airport, it offers a low-maintenance lifestyle in the Leesburg area. The community features a beautiful 18-hole Gary Koch designed golf course, tennis and pickle ball courts, fitness center, craft room, library and reception hall for large events and community theater productions, a tavern/restaurant, billiards room, movie theatre, lap and leisure pools, hot tub and men’s and women’s locker rooms.
Lewistown Commerce Center’s The Shops at Winding Brook is a 125-acre destination retail development 10 miles north of Richmond, VA. The Center is anchored by a 150,000 square-foot BassPro Shops retail store, which attracts some 2 million visitors a year. Two 10,000 square foot multi-tenant buildings and two fast-food franchises are nearby. Winding Brook also includes a 62 room Country Inn & Suites.
Moraga of Merced is a planned development of 520 single family residences in the City of Merced in Central California. A subsidiary of Common Bond Capital Partners owns a 43-acre parcel 2 miles south of the University of California, Merced. This property is entitled for 233 homes with a vesting tentative map approved for the property, but no in-tract improvements yet constructed. In 2012, a subsidiary of Common Bond acquired the Property debt-free from a bank lender, which had foreclosed on its borrower/developer.
The Farms of New Kent is a 2,500 acre Planned Unit Development 20 miles east of Richmond, Virginia, approved for 2,500 homes. These comprise 1,450 age-restricted units (with construction of the first units already underway by K Hovnanian Homes), 450 single-family starter homes by various builders, 300 one-acre estate home sites in a gated community, and 300 townhouses, cottages and condos located in the center of the development. Additionally, Farms of New Kent is planned for up to 750,000 SF of non-residential space—retail, commercial or light industrial.
