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RAISE THE ROOF (AND BUILDING)

WASHINGTON DC 03.16.2017

CAPITAL MARKETS AND REAL ESTATE FINANCE

Investing in 2017, Hot Markets, and the Ever-Changing Capital Stack

Mark Hertz -- AIG Global Real Estate
Sujan Patel -- Colony NorthStar
Joe Carter -- Wells Fargo
RAISE THE ROOF (AND BUILDING)
RAISE THE ROOF (AND BUILDING)

Despite being on vacation, we can't help but brake for an interesting (read weird) real estate development. After snapping this house-on-stilts  on the main drag in Tybee, we had to get the back story. Turns out the owner, Gil Navon, moved the beach house to the current location on Butler Avenue from another island address—then lifted it. The plan is to put high-end retail underneath. Navon has other businesses on the island including a beach shop called Waves that sells Boogie board, bikinis, and beach towels. There's been controversy about the stilts deal and even a court case, but the project?s moving forward—or should we say upward?