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Development Portfolio

110 West Canal St. Winooski VT

Renovated "old mill, loft style" turn-key office suites

Historic rehabilitation of a 30,000 SF mill building in Winooski, VT. The project utilized New Market Tax Credit Financing, and State and Federal tax credit.

1191 South Brownell Rd. Williston, VT

Commercial Development and Construction with Data Center

The project consisted of a permitting, marketing, leasing and construction of a 22,000 SF multi-tenant commercial building.

Jackson Ct. Burlington, VT

Historic Property in Burlington's Hill Section

Redstone purchased a 15,500 SF historical property in Burlington's desirable hill section which has been partitioned into eleven 400-2,800 SF apartments. Redstone is planning to improve the building, and convert the apartments to residential condominiums for sale.

740-800 Marshall Ave. Williston, VT

Development and Construction of Two Commercial Buildings

The project consists of the acquisition of land, permitting, construction, and leasing of two multi-tenant commercial buildings. 740 Marshall Avenue containing 23,000 SF of space is occupied by a variety of automobile related businesses. 800 Marshall Avenue contains 25,000 SF and is occupied by a variety of specialty building materials retail businesses.

Harrington Terrace Burlington, VT

Historic Property in Burlington's Hill Section

Redstone purchased a 10,000 SF historical property in a private and secluded neighborhood in Burlington that has been partitioned into nine two bedroom apartments. Redstone is planning to improve the property and convert the apartments to residential condominiums for sale.

102 Kimball Ave. South Burlington, VT

Industrial Condominium Redevelopment and Renovation

The project was the redevelopment and renovation of four industrial condominiums located within Woodland Commons Industrial Park. The property was purchased vacant and was 100% leased within nine months of purchase.

161 St. Paul St. Burlington, VT

15 Residential Loft Condominiums in Downtown Burlington

The newly completed Hinds Lofts are located at 161 St. Paul Street in downtown Burlington and house 15 residential loft condominiums. The building, originally built in 1903 by the O.L. Hinds Company as a clothing manufacturer, has been completely renovated into one, two and three bedroom loft condominiums ranging in size from 710 SF to 1,344 SF.

Shelburne Commons Route 7 Shelburne, VT

Retail Center Redevelopment and Renovation

The Shelburne Commons project was the redevelopment of a poorly performing retail center in Shelburne, VT. The project was particularly challenging given the property’s history of non-performance and environmental contamination issues. It was substantially vacant at the time of purchase. Hazardous waste clean-up efforts were planned and permitted with a fast execution.

68 Nesti Dr. South Burlington, VT

Redevelopment of 53,000 SF Industrial Building and 12 Acres

Redstone acquired one 53,000 SF vacant industrial building and 12 acres of land for redevelopment. The Partners have successfully negotiated a curb cut on Route 7/Shelburne Road with a traffic signal and signage. The building is 100% leased.

133 Elm St. Winooski, VT

Redevelopment of 103,000 SF Warehouse and Industrial Facility

The Riverworks project was the re-development of a 103,000 SF warehouse and industrial facility. At the time of purchase, the property was substantially vacant and burdened by poor quality tenants and conflicts with adjoining residential neighborhoods. Significant improvements were made to the site and building upon purchase.

Rathe Rd. Colchester, VT

Commercial Condominiums Built-To-Suit

Mixed-commercial development potential. Office/Retail/Industrial/Build-to-suit. The project may consist of up to 350,000 SF of building on 48 acres.

Neshoba House Brandon, VT

27 Units of Elderly Housing

The project was the development of 27 units of affordable elderly housing in Brandon, VT. Project financing was secured through the Farmers Home Administration Rural Rental Housing Program and the syndication of Low Income Housing Tax Credits. Construction was completed in June of 1994 and the project was 100% leased upon completion.

21 Lower Newton Rd. St. Albans VT

Flexible Distribution / Manufacturing Facility

The acquisition of the former "Fonda" facitily in St. Albans is a 180,000 SF warehouse/manufactiring facility with rail siding. The building was purchased vacant and a single tenant was identified within 12 months of acqusition.

Battell Hill Townhomes Seminary St. Middlebury, VT

21 Premium Condominiums

Battell Hill Town Homes was the development of 21 premium condominium units located on Seminary Street in Middlebury. The project was constructed in three phases over a period of two years. All of the units were sold shortly after construction. The project was a success and continues to maintain high property values for its owners as a result of design and conception.

Pine St. Burlington, VT

Commercial Redevelopment of 54,440 SF Building and 5.59 Acres

Redstone purchased a 101,840 SF building and 5.59 acres of land from Specialty Filaments Inc. The property is located at Pine & Howard Streets in Burlington, VT. Redstone redeveloped the site into a multi-tenant building with commercial/office & warehouse spaces for lease.

Riverside Ave. Burlington VT

Riverside Avenue, Salmon Run

The project was the development of 80 units of affordable rental housing known as Salmon Run on Riverside Avenue in Burlington. The project was financed using a Housing and Development Action Grant, tax exempt financing and the syndication of Low Income Housing Tax Credits.

431 Pine St. Burlington, VT

Rehabilitation of Historic Factory Building

The project involved the rehabilitation of a vacant factory building known as the 'Maltex' building. The project created 45,000 SF of office and industrial space in the first incubator building in Burlington. The total project was financed through an Industrial Revenue Bond, Urban Development Action Grant, and a limited partnership syndication.

4740 Shelburne Rd. Shelburne, VT

Commercial Redevelopment of Two Industrial Buildings

Redstone acquired two vacant industrial which have been redevelopmed for lease to a variety of commercial clients. The partners successfully leased 85% of the property prior to closing. The property is currently 100% leased.

5247 Shelburne Rd. Shelburne, VT

Historic Restoration in Shelburne Village

The historic Shelburne Inn is listed on the National Register of Historic Places and is billed as the oldest building in the Shelburne Village Historic District. When Redstone purchased the property in 2005, there was an overwhelming sense in the community that the developers has the vision to to revitalize this corner in cooperation with municipal officials.

4302 Bolton Valley Access Rd. Bolton, VT

The Ponds at Bolton Valley Resort - 6,600 SF Event Facility

The Ponds at Bolton Valley Resort consisted of the design and development of a 6,600 sq. ft. facility offering an elegant, yet rustic setting for weddings, corporate functions, and other special celebrations. It has a banquet capacity for up to 300 people and a maximum capacity of 400 for group functions.

Main, St. Paul, Pine & King Streets Burlington, VT

Redstone was selected as developer of the Banknorth Block (bounded by Main, St. Paul, Pine and King Streets) as a result of an RFP process initiated by Banknorth, N.A. The development partners are pursuing a mixed use redevelopment into an exciting housing and workplace community. The first two phases of project are complete.

2281 Route 66 Randolph, VT

Randolph Warehouse

The Randolph Warehouse & Office Building was a rare opportunity to acquire a well located commercial property with excellent access at a substantial discount from market value. The property is located within a tenth of a mile of exit 4 on Interstate 89, an ideal location for distribution/warehouse use for tenants serving Vermont and central New Hampshire.

210 College St. Burlington, VT

Historic office & retail building in downtown Burlington

The project consists of a historical renovation of the Hall Block, a five story, Class A, multi-tenant office and retail building in downtown Burlington. Work included new electrical and mechanical systems, new elevator control package, elevator cab renovation, fire alarm, windows, masonry repair and restoration of the skin to original elevations.

16 Tigan St. Winooski, VT

Commercial Development and Construction

This project was the development of the last commercial lot at Highland Industrial Park in Winooski. The project included the acquisition of the land, permitting, and construction of a built to suit 27,000 SF office/light industrial facility. The project was pre-leased by two tenants and constructed on budget and on time by Redstone Construction.

115 Wellness Dr. Williston, VT

State of the art health club facility

The project included the development of a build-to-suit indoor recreation and exercise facility for the Sports & Fitness Edge of Williston. This state of the art facility includes and indoor lap pool, strength and cardio center, and a 26,000 SF indoor playing surface.

165 Davis Rd. Burlington, VT

Redstone Lofts

The project consists of an apartment-style complex – a state of the art building with two wings of four and five stories, completed in the fall of 2012. The apartments are owned and managed by Catamount Student Housing.
www.redstonelofts.com

100 Toad Ln. Shelburne, VT

Shelburne Inn Residences

The Shelburne Inn Residences are the result of a full redevelopment of an old motel in Shelburne Village. Redstone converted 40 motel units and created 16 market rate 1 and 2 bedroom apartments. The project was fully leased 6 weeks prior to completion.

Listed By: 

Rebecca Lemire

500 South Prospect St. Burlington, VT

Redstone Apartments

Redstone acquired Redstone Apartments which was developed in 1993 by a New York developer. Redstone Apartments is a 200 bed independent apartment complex offering one, two, three, and four-bedroom apartments located on the UVM campus.

www.redstoneaptsvt.com

1 Mill St. Burlington, VT

Chace Mill

Redstone purchased this turn of the century historic woolen mill building on the banks of the Winooski River in Burlington overlooking downtown Winooski. The structure has been converted to mixed commercial use over the years and is primarily office space today.

1-4 Jayne Ct. Middlebury, VT

Weybridge Apartments

Redstone recently purchased a relatively new 36 unit multi-family rental property in a private and secluded neighborhood one-tenth of a mile from Middlebury College, 1.5 miles from Porter Medical Center and half a mile from downtown Middlebury. The property includes 4 buildings with a total of 25,410 SF.

Bolton Valley Access Rd. Bolton, VT

Four Season Resort

Redstone purchased Bolton Valley Resort (M.O.D.), a four-season resort which features beautiful mountain terrain for skiing, hiking, mountain biking, special events, and more. The master plan involves real estate development as well as a recapitalization plan for improvements. For more information about the Resort go to www.boltonvalley.com.