From DUE diligence to dirt to done, we do the work.
Who We Are
At Millstone, we specialize in coordinating and managing all of the moving parts and partners that are involved in commercial construction and development. Our top priority at Millstone is to add value for our clients while working to ensure successful outcomes for our projects through good communication, partnership, and value-focused management techniques.
Our core product types at Millstone include: self storage, senior housing, and multi-family development and construction.
STAKEHOLDEr
FIRST DEVELOPMENT
We are stakeholder-first developers who do the work to create win-wins on every deal for all stakeholders. This commitment extends to each community, land seller, financial institution, and investor we work with. Because when you’re in it for the long haul, a stakeholder-first mentality isn’t just fair business, it’s smart business.
Data-Driven Approach
Our data-driven approach to real estate development, partnered with our commitment to secure and responsible development, makes Millstone a great partner for our stakeholders.
barriers Are
opportunities
At Millstone we work hard to identify great markets for developments with high barriers to entry, because these are the opportunities with the greatest rewards for all stakeholders. Millstone does the work to bring developments to areas where they are needed most, providing communities with housing, services, and jobs, while delivering great returns to our investors on projects that are well insulated from future competition.
Seamless project execution
As developers rooted in construction, we know how to get the job done. Our boots on the ground approach to development delivers exceptional control over our projects and maximizes value for our investors. Our processes are tried and tested.
Development Portfolio
Venture on Carolina Beach
Introducing 'Venture on Carolina Beach': a premier Class A multi-family development in the heart of Wilmington, NC, at the intersection of Carolina Beach Rd and Independence Boulevard. This 225-unit project is strategically positioned in one of the fastest-growing markets in the Southeast. Nestled just 3 miles from downtown Wilmington and a mere 10 miles from the beautiful Carolina Beach, it offers residents an unparalleled live, work, play experience.
Venture on Okatie Bluffs
Okatie Hwy and Gibbet Rd, Bluffton, SC
Millstone’s first “Low-Country” development, this project will be a 150 unit, class - A market rate multi-family project located in Bluffton, SC--the last stop before the bridge to Hilton Head Island. This project will be a 3 story garden walk-up luxury development, with a multi-level clubhouse, overlooking a picturesque background of forested wetlands and water features.
Venture on Lake Julian
221 Long Shoals Rd, Arden, NC 28704
Breaking Ground Spring 2023: 186-unit Class A market rate multifamily development on Lake Julian in South Asheville. This project is Asheville’s only lakefront multifamily project.
Venture on Long Shoals
66 Long Shoals Rd, Arden, NC 28704
86-unit Class A market rate multifamily development. This project features high end unit finishes, mountain and lake views, and an option for in-building garaged parking.
This project is currently under construction with an estimated completion date of November 2023. It will be top of the market in terms of finishes and amenities once completed.
CUBESMART SELF STORAGE
2135 N Illinois St, Indianapolis, IN 46202
Serving as the Owner’s Rep, Millstone helped to push this project through an intense re-zoning process, and then served as the general contractor to redevelop the site into a storage facility.
Construction began with the demolition of two existing buildings ahead of constructing this 114,000 sqft climate-controlled storage facility.
The project is 3-stories of storage space on top of a 28,000 sqft basement. Construction of the basement required extensive shoring operations, and the heavy steel and concrete structural framing methods necessitated the use of a crane for the early stages of construction as well. The demolition work on this project required some soil mitigation work, as well as asbestos mitigation.
The project was completed on time and significantly under budget.
CUBESMART SELF STORAGE
9750 N Michigan Rd, Carmel, IN 46032
This Carmel, Indiana storage facility is the first of its kind in the Indianapolis market: a 3-story climate-controlled facility with drive-thru access. The drive-thru access on this building is large enough for semi-truck and moving trucks to access, and the center drive-lane allows for multiple customers to park inside to unload their stored items.
This project contains 97,000-square feet of total storage, between 4 single story out-buildings at the rear of the development and the steel and concrete 3-story main building at the front.
This project was completed in 14-months, finishing on time and on budget.
Development
FAQs
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We are driven by numbers and market demand. Identifying strong opportunities that are well insulated by high barriers to entry. Millstone does the work to bring rock solid deals.
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Millstone is a fully integrated development shop. We identify opportunities for our investors, design and entitle developments, and with our in-house general contractor division, we bring the development to market. Additionally, Millstone also provides third-party general contracting work for owners in need of a partner for construction.
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As a real estate development company, Millstone serves in a unique position as a facilitator between communities and capital. At Millstone we pride ourselves on serving both the communities in which we build and our investors. Our targeted approach to real estate development allows Millstone to provide our investors great returns on their capital by delivering developments that provide communities with jobs, housing, and needed services.
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With over a decade of experience in commercial construction, and partnered with our data driven approach to development, Millstone delivers great projects for our communities and investors by maintaining control over every aspect of real estate development. From conceptualization through construction, Millstone manages all aspects of development ensuring quality developments for communities and great returns for our investors.
DEvelopment Press
