To make this investment available to the general public, we must first register and qualify the offering with both State and Federal regulators. Prior to undertaking the extensive financial effort to complete this process, we are “testing the waters” to ensure there is sufficient investment demand of no less than $300,000 to justify both the time and cost incurred.
WestMill Capital Partners (WCP) has purchased 1539 7th Street NW, a vacant two-story 3,600 square foot building located in the Shaw Neighborhood of Washington, DC. WCP plans to complete minor renovations to the building, and lease the space to a retail/restaurant or temporary office tenant. Annual rental income paid by the tenant will first be used to pay down debt service on the property. Any remaining proceeds from the rental income will be used to fund capital reserves and pay dividends to investors.
WestMill Capital Partners is a leading real estate investment and development firm in Washington, DC. Focused exclusively on urban mixed-use and retail development, WestMill has a strong track record of creating unique, high-quality destinations.
Founded in 2010 by Benjamin & Daniel Miller, sons of Western Development Chairman & CEO Herbert Miller, WestMill Capital carries on a family legacy of building some of DC’s most iconic flagship projects: Gallery Place, Washington Harbour and the Georgetown Park Mall.
With over two million square feet of development already completed, WestMill relies on its experience, creativity, and innovative spirit to produce one-of-a kind projects and outstanding value for investors.
An approximately 1-acre property, currently occupied by AutoZone, operating under a ground-lease. In the long-term the property has great development potential, the site can accommodate roughly 116,000 sq. ft. of development. WestMill Capital plans to build a mixed-use project combining residential units with a mix of ground floor retail.
A 6,400 sq. ft. property located directly across from the planned unit development, H Street Connection, a 400k sq. ft. mixed-use project containing 360 new residential units and over 50k sq. ft. of new retail. WestMill Capital Partners plans to redevelop the property into a top class restaurant & retail space.
8,000 sq. ft. historic Powerhouse building along the C&O Canal, located directly across from the Shops at Georgetown Park and the Dean & Deluca Market House. The property is currently being redeveloped into the city’s premier private events space and gallery.
Located directly on top of the Gallery Place Metro stop and adjacent to the Verizon Center, Gallery Place has become the cities preeminent mixed-use development. Combining residential, office, and retail into a single project, Gallery Place has transformed 7th Street NW into the busiest pedestrian corridor and entertainment hub of DC.
A two-story property with outdoor courtyard located on the high-traffic 1300 block of H Street NE. WestMill Capital Partners has leased the property to Maketto, a hybrid food and fashion concept created by the founders of Toki Underground and DURKL clothing. The property is currently under renovation with plans to open in the Spring/Summer of 2013.
Georgetown Park is an award-winning two-phased retail, residential, and office projected located on 2.36 acres of land at the intersection of Wisconsin Avenue and M Street. The project was originally developed by Western Development and serves as the anchor to Georgetown's shopping district. The Mall is currently be redeveloped and undergoing significant renovations.
Progression Place is a mixed-use development project combining residential, office, and retail. The project is located on top of the Shaw Metro station at the corner of 7th and S Streets NW. Adjacent to the Howard theatre and Wonder Bread building, the project will be the home to the United Negro College Fund. Delivery is expected in early 2013.
The Jefferson at Market Place is a 281 unit luxury apartment development spanning an entire block on 7th Street NW. The project which will also include over 13k square feet of retail space and 230 space below-grade parking deck, is currently underway and expected to deliver in early 2014.
The P Street Residences is a 4-story 68 unit condominium development located at the corner of 7th and P Streets NW. The project recently received approval to incorporate the adjacent city owned parcel, allowing development plans to move forward.
The City Market at O is a 1-million square foot development combining retail, residential, and hotel. The project encompasses four city blocks and will be anchored by a state-of-the art Giant grocery incorporating the historic O Street Market building. Delivery will be in three phases the first being the opening of the new Giant in late 2013.
Shaw has long been one of the entertainment and cultural hubs of Washington, DC. During the early 20th century the neighborhood was considered the preeminent center of African American intellectual and cultural life, home to residents such as Langston Hughes and Duke Ellington. Bounded by Howard University to the North and the Washington Convention Center to the South, Shaw is home to legendary music and entertainment venues including the Howard Theatre and 9:30 Club.
Today, Shaw is experiencing an unprecedented amount of urban renewal and growth. Along the five-block corridor of 7th street, directly north and south of the property, there are over 2 million square feet of development underway. Over the next two years more than 2,000 new residential units will be delivered within a half-mile radius. The neighborhood is served by two metro stops, both within 3 blocks walking distance of the property.
The renewed energy and development has attracted some of the city’s top chefs and a number of new restaurants including Rogue 24, SUNdeVICH, Seasonal Pantry and Corduroy. The surrounding area is also home to several local galleries and retailers, and will soon be welcoming a state-of-the art Giant Food grocer, 1,000-room Marriot Marquis Hotel, and the LivingSocial national headquarters.
Help us determine market demand and gauge the price and volume we might provide to potential investors.
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