Welcome to Editor’s Picks, where we feature our favorite interviews, must-watch videos and innovative news from the architectural, design and building communities’ movers and shakers. This week, we want to share with you a video by Guerrilla Development promoting cowdinvesting for their next real estate project The Fair-Haired Dumbbell.
Guerrilla Development is not your average real estate development company. The company’s founder Kevin Cavenaugh is an architect developer, who – as he told us in a recent interview – approaches each project differently. Either the design is experimental, as for The Zipper, or in the case of The Fair-Haired Dumbbell, the funding follows a new and progressive way to get people like you and me involved in real estate through crowdinvesting.
The Fair-Haired Dumbbell is a 5,200 sqm (56,000 SF) speculative office building with ground-floor retail in the heart of the Burnside Bridgehead in Portland, Oregon.
The project consists of two canted six-story towers decked in hand-painted original artwork on all eight of its elevations. At each level, sky bridges connect the 370 sqm (4,000 SF) office spaces, giving the creative companies who work there the ability to own their own floor (or two). At the ground floor, the Fair-Haired Dumbbell will compliment its neighborhood with unique retail offerings and creative landscaping.
In this video, you’ll meet Guerrilla Development and learn about their Regulation A Offering, and discover how you can invest (and gain a return!) in the Fair-Haired Dumbbell – that is if you are a resident of the U.S. states California, Oregon, Washington, Massachusetts, or Virginia.
If you are not, watch the video anyway and learn about new funding possibilities and last but not least about super cool marketing strategies!
If you are interested in real estate development check out Archipreneur’s book on new business models for architects, “The Archipreneur Concept”. There is a whole chapter on Architect as Developers where we explore funding options and practical examples of exactly how successful archipreneurs have used bank loans, partnering and venture capital to develop their own buildings.