Investor Presentation
Overview of Heartwood Development
HEARTWOOD
AT RICHMOND HILL
☐
Belfast Commerce Park (west of I-95) largely sold out
■ Initial residential and commercial phase (east of I-95)
commenced development in 2021
■ Interstate 95 interchange opened in January 2022
Two Hyundai facilities within a 30-minute drive of Heartwood
under construction; estimated 9,500 new jobs expected
Project Sales to Date: $71.2 Million (1)
($ in millions)
Lot Price True-Ups
$1.6
Residential
$9.7
Industrial
$50.5
(2)
Commercial
$9.3
Marketing Fees
$0.2
Medline Distribution Center at Belfast Commerce Park
(1)
Rayonier
(2)
Includes sales from 2013 - Q2 2023 totaling 1,379 gross acres.
Includes multi-family parcels totaling 27 acres for $4.5 million.
Investor Presentation | August 2023
and pop
Heartwood Community Amenity
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