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Weaver Hollow
When we acquired it, the property had effectively been written off as unbuildable. It sits within the NYC watershed, and the seller believed septic challenges and NYC DEP restrictions made residential development unlikely. That uncertainty allowed us to acquire it at a very low basis as recreational land.
Location
Livingston Manor, NY
Acreage
2.1 Acres
Strategy
Improve and Entitle
Results
Sold for 2x after 8 months
Challenge
Our work focused on proving buildability. We roughed in a driveway, secured septic design approvals with the NYC DEP and local Board of Health, completed wetland delineation with the DEC and DEP, and developed home designs that fit the site. What had looked like a constrained recreational parcel became a credible homesite. The property is surrounded by thousands of acres of protected land, including private estates with conservation easements and NYC forever-wild land. Once we clarified the development path, the same restrictions that made the parcel difficult became part of its value: a small, buildable homesite inside a much larger protected landscape.
Solution
We are positioning the property for sale with an expected 1.75x MOIC.
Result
That’s what makes Weaver Hollow a strong Places Capital investment. The buyer gets a de-risked path to building in a rare protected setting. Our investors benefit from converting low-cost recreational land into a buildable residential opportunity. And the town gets a carefully planned homesite that works within existing environmental and watershed constraints.
