Washington projects invite

The law, however, has been bogged down at the S. Until then, crowdfunding companies must either restrict investments to accredited investors or, as Fundrise has done, register each development project with the S.

For now, says Benjamin Miller, offerings are being subsidized to prove the concept. But the brothers hope that eventually the process of offering shares to the public will become much easier. That first deal took three months to close. And the H Street deal was on track to sell out. The investing public will also benefit from appreciation of the property — a new streetcar line that will run down H Street is expected to accelerate a revival already under way and bolster real estate values.

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And the H Street deal was on track to sell out. The investing public will also benefit from appreciation of the property — a new streetcar line that will run down H Street is expected to accelerate a revival already under way and bolster real estate values. Gina Schafer, the owner of several Ace hardware stores in the Washington area, invested in two Fundrise projects.

They have been in touch with Jason Goodman, the chief executive of Third Ward, the co-working space that is building a 30, square-foot commercial kitchen and incubator in the Crown Heights section of Brooklyn, and Dan Biederman, the developer behind the Bryant Park revival. In their first New York partnership, they teamed up with Glauco Lolli-Ghetti, founder and principal of Urban Muse, to bid for rights to develop the John Street parcel on the northern edge of the Brooklyn Bridge Park development project.

The site, a fenced-in lot adjacent to the Manhattan Bridge, is zoned for up to residential units as well as ground-floor retail. Lolli-Ghetti envisions a ,square foot building designed by Snohetta, which created the Norwegian Opera House and the September 11 Memorial and Museum. Its Crown Heights commercial kitchen project opening next year is largely financed by Goldman Sachs. The Third Ward mailing list of 80, people, 3, members, 15 investors and thousands of students who have taken classes there over the last six years could be a ready investor base.