Project 1411

Project 1411

Real Estate Developer

Project 1411 (1411 West Baltimore St.), will be converted into a culinary incubator kitchen, with event space and demonstration kitchen. Project 1411 is a 4,532 sq. ft. multi-use location.

View on Mainvest
Security Type
Revenue Sharing
Industry
Hospitality
Min Investment
$100
Location
Baltimore, MD
Offering Date
July 06, 2021
Expected Close Date
September 17, 2021
Amount Raised
$3,700
Security Price
$1

Use of Proceeds

  • Interior Bathroom: $2,450
  • Stabilization: $81,200
  • Interior Basement & Kitchen: $80,700
  • Facade: $36,450
  • Build Out - Framing : $20,000
  • Roof: $14,200
  • Mainvest Compensation: $15,000

Management

Ashley Watson, Chief Executive Officer
Ashley Watson, a graduate of Winston Salem State University studied in International Business. In 2005, she was offered an internship with a prominent law enforcement agency located in Washington, DC. Her 15-year career led to a leadership position as Chief Diversity Officer and currently the Director of Diversity Equity and Inclusion of Danfoss Power Solutions. Ashley cultivates equitable opportunities for underrepresented groups by identifying systemic barriers within the hiring and professional development process.Amid managing a full-time career, in 2016 Ashley opened Dulce Sweet Bar and Bakery, an e-commerce business specializing in baked goods and decorative cakes. As the owner of Dulce Sweet Bar & Bakery, she has increased profits by 5% over the last 4 years.

Kenneth Watson, Jr , Chief Operating Officer
As a graduate of the Columbus School of Law at Catholic University of America, Kenneth Watson, Jr.’s career took a slight turn into the field of food services nine (9) years ago.As the owner of Esquire Meals, a gourmet, health-conscious food services company based out of Baltimore, Maryland, Kenneth believes food can be a catalyst to health, recovery, and success. Serving over 200 meals daily, he provides nutritious and affordable solutions for varying populations, such as cancer treatment centers, homeless shelters, fitness centers, corporations, and not-for-profit agencies.

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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

Key Deal Facts

As a woman and minority-owned firm, Greywood Group, LLP understands the impact an individual can make if they just get the opportunity.
Our vision is to acquire and develop distressed properties based on realistic values. We strive to make a positive impact on our community while adding value for our investment partners.
With deep roots in the community and our finger on the pulse of Baltimore City, our team of visionaries sees the big picture.
This mindset allows us to strategically and methodically analyze each investment opportunity to deliver and exceed expectations for our tenants, investors, and business partners.
Our motto is to Build Today for a Better Tomorrow.

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