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MDG Current Projects

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MDG Current Projects

  1. 1. Milestone Development GroupMixed-Use Development, Grantville, Pennsylvania E C B A D Key Statistics Purchased approximate 69-acre vacant parcel from local farming family in September 2004 across Station Road from Milestone Hotel Partners’ existing Holiday Inn Harrisburg-Hershey Hotel; Purchased Texaco Gas Station and approximate 3-acre parcel from independent owner/operator in October 2005; Redevelopment of 72-acre parcel to include: A. 59-room Focused Service Hotel (land sale); B. branded restaurants ranging in size from 5,000 to 10,000 square feet (land sales); C. 4,000 square foot gasoline “super station” and convenience store (build-to-suit/lease); D. 2,500 square foot branded bank (land sale); E. Up to 120 single family and/or townhouse units (to be built and marketed by MDG); and more than 500 parking spaces. 1
  2. 2. Milestone Development GroupMixed-Use Development, LaGrange, Kentucky E D A C B Key Statistics Purchased existing Days Inn Hotel and approximate 10-acre parcel from Milestone Hotel Partners in July 2006; Purchased existing BP Gas Station and approximate 2-acre parcel from independent owner/operator in November 2005; Preservation of approximate 3-acre parcel located in environmentally protected zone; Redevelopment of 12-acre parcel to include: A. 14,550 square foot Walgreens (build-to-suit/lease); B. 4,500 square foot Commonwealth Bank (land sale); C. 96-room Focused Service Hotel (land sale); D. 5,000 square foot nationally branded restaurant (land sale); E. 10,000 square foot, 2-story office building (build-to-suit/lease); and 337 parking spaces; Successful negotiation of Land Subdivision and Declaration of Easements, Covenants, Conditions and Restrictions among the various tenants of the condominium parcel. 2
  3. 3. Milestone Development GroupMixed-Use Development, Gatlinburg, Tennessee Key Statistics Negotiated purchase of approximate 5-acre vacant parcel in May 2006 in thriving arts & crafts district in Gatlinburg; B Development to include: A. 150-unit Extended Stay Hotel (to be built by MDG A and operated by MHM); B. Up to 12 townhouse units (to be built and marketed C by MDG); C. 10,000 square foot catering and banqueting facility (build and operate); and 155 parking spaces; 3

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