23 Sep

The Premier Q2 Newsletter

September 23, 2019 /  In News, Newsletter /  by

Quarter 2 Newsletter

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Featured in this edition:

Port Authority Financing:

When looking to bring additional value to a new construction project, there are several sources to consider. One such source is port authority financing. Port authority financing can provide for state and local tax exemptions on materials for new construction and expansion projects. This can mean considerable tax savings for a client. Port authority financing often offers higher loan-to-value ratios and can be very accommodative in creative deal structures. Premier worked alongside Arhaus with the Summit County Port Authority to finance their 800,000 square foot Headquarters and Distribution Center in Boston Heights. It is always good to know about all possible financing alternatives to save money for a real estate project.

You can read about other alternative finance options, such as PACE, EB-5, and FTZ in this article by Dennis Seeds for Smart Business Online.

A Legacy of Partnership:

Premier Development Partners is pleased to announce the successful opening of Arhaus Furniture’s beautifully designed two-story flagship store. Located in Legacy Village, this 20,000 square foot location boasts a “theatrical experience” that is beaming with natural light and modern construction. this location brings your home furnishing dreams to fruition, offering an expanded design center and new offerings like daily floral designs for customers to purchase.

Premier Development Partners worked closely with RDL architect, Mark Poltorek, to construct the state of the art interior that artfully decorated with locally sourced materials boasting a similarity to a cultural institution.

With such close proximity to the Arhaus headquarters that Premier Development Partners built in 2016, Arhaus will be able to closely monitor the launch of new products. We look forward to continuing this meaningful Arhaus + Premier legacy.

Featured properties

Download the PDF to read the full spread of our featured properties. You can also visit our Available Properties tab here!


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