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Development
The Landmark Group has developed adaptive reuse and new construction projects worth more than $350 million. These projects have awakened downtowns, revitalized inner city neighborhoods, restored rural communities, built local tax bases and generally helped to spur economic growth. The Landmark Group usually serves as the general partner for its projects, assuming the financial responsibility both during the building and operational phases. Federal and state tax-incentive programs have been a source of equity funding for many of The Landmark Group’s projects. Property tax abatements, grants, community development funds, tax-exempt financing, credit enhancements, public works improvements, in-kind services and private syndication also have been important ingredients to financing. The Landmark Group keeps abreast of new funding opportunities. It was the first in South Carolina to take advantage of Mill Revitalization Tax Credits, which allowed the creation of much-needed senior housing, and the first in Southwestern Virginia to leverage New Market Tax Credits, for the creation of loft apartments and commercial space in downtown Lynchburg.
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