233 E. Grove St.

Updated Progress

03/05/25

Exciting progress is being made as the finishing touches are applied! The space is almost ready for tenants—just 90% complete but already looking fantastic. No delays, everything is on track, and its nearly time to make it available. Though not quite on the market yet, the preparations are all coming together smoothly. The final steps are coming quickly, and once done, tenants will be able to move right in! Everything is moving forward as planned, and the wait will definitely be worth it.

01/21/25

The rehab progress is nearing completion, with the scope of work (SOW) finalized except for moving the mast. A full budgeted refund is requested at the earliest convenience. Current efforts focus on touch-up work, addressing additional improvements not included in the original SOW, such as replacing trim, door handles, and bathroom exhaust fans. A reallocation of $500, originally budgeted for the mast as a marginal inspection item, is proposed to cover these updates. Discussions with agents are underway to determine the best course of action, with plans to either list the property within two weeks or pursue a refinance.

12/23/24

The General Contractor reviewed the plans and proposed adjustments that align better with the overall project scope, working closely with a partner to ensure optimal execution. The updated approach remains near the original budget projection. Any potential differences will be addressed to maintain progress without disruption. Efforts are underway to cover the project expenses entirely through a credit card, enabling funds to be allocated directly to the project while minimizing draw fees. This approach is expected to streamline funding and support continued progress. The project remains on track with a focus on efficiency and cost-effectiveness.