www.meridiancommons.com
Would consider contributing some of my land equity into a minor partnership interest if that’s what it would take to make the deal work
His letter of introduction:
Thanks for your time on the phone and your interest in our Meridian Pointe Project.
His letter of introduction:
Thanks for your time on the phone and your interest in our Meridian Pointe Project.
Attached is an aerial which shows the “Sweet Spot” of our Meridian Pointe Development. Schewels furniture store is under construction and is slated for completion in the Summer of 2010. The spot that has been identified as a “HOTEL”, in my opinion, would be perfect for you for the following reasons….
- It has an elevation of about 10-15 feet above Route 9 giving you exceptional visibility from that major east-west route.
- At the 2nd floor level you can see I-81, the hospital and the new convention center slated for construction later this year
- It will be the center piece of our Meridian Pointe Development which is a mixed use office/retail/commercial planned unit development
- It will be located right in the center of the Lutz Avenue Extension, a new bypass road which will provide direct access to downtown Martinsburg and City Hospital
The site itself is 3.5 acres and could be subdivided. All utilities are in place (water, sewer, natural gas, cable, T-1, DSL, Electric) The city will be issuing a bond, by July, 2010, to fund the construction of sidewalks, bike paths, 3 lane road, low level aesthetic street lighting, park benches, etc. SWM will be off site which is a huge advantage.
As you look at this, please realize that “Meridian Pointe” has been designated by the City of Martinsburg and the State of WV as a TIF district. What this designation means is that the real estate taxes collected from improved property within the district can be used to fund the design and construction of the entire infrastructure in the district. The most notable improvement is the “Lutz Avenue Extension.” This extension will pass right through the middle of our project.
At one end of Lutz is Route 9 and I-81 and the other end is Route 11 and the “Raleigh Street Extension” which is yet another new road that will connect the north end of Martinsburg to Downtown Martinsburg. Keep in mind that Route 9 is the 2ndbusiest road in the Eastern Panhandle as it dissects all 3 counties from east to west.
From a demand standpoint a prospective hotelier should know that Martinsburg is quite a hot bed of federal activity. Located just outside the “Dirty Bomb Radius” of Washington, DC, Martinsburg is now home to over 25 federal agencies (main office or redundant office) including Coast Guard, IRS, VA Hospital, ATF, FBI, Federal Courthouse, DOJ, BOP, Homeland Security, Etc. These agencies, as they recruit candidates are in constant need of rooms. In addition to hiring, federal contractors are a constant in Martinsburg.
Finally, I would consider contributing some of my land equity into a minor partnership interest if that’s what it would take to make the deal work.
You can see more detail from aerials found on our web site which is www.meridiancommons.com
Thanks for considering our development. Please give me a call if I can answer any questions.
Tom
Thomas L. Burke
Meridian Development
55 Meridian Parkway, Suite 101
Martinsburg, WV 25404
FHA ID 2244300895
304-263-1000 Office
304-268-3370 Cell
304-263-1001 Fax