Places all over the country are experiencing rapid gentrification. Once this dynamic takes hold and picks up speed it is very hard to reverse.
New London, CT is a small shoreline urban village halfway between Boston and NY currently on track to follow this trajectory.
It has soft market with speculation beginning to pick up. Property is surprisingly cheap for being directly on the water (median home price is $158,000) and developers are starting to buy. New London is the region’s transportation hub with rail, ferry, and interstate transit. It has 4 higher educational institutions in its locale and great quality of life with a range of amenities.
The potential for gentrification is a perfect storm. Now is the time to get in front of unhealthy traditional economic development outcomes with a plan to create opportunity for area residents to be the drivers and beneficiaries of a type of redevelopment that benefits everyone and the natural environment.
RD86 is a business development collective dedicated to fostering regeneration instead of gentrification in post-industrial urban spaces. We start and run destination foodservice and hospitality operations designed to make places more vibrant while making money to underwrite impact. These operations create a supportive growth pathway for the people we employ to grow into responsible owner-operators. Read our most up-to-date strategic plan here.
As a research and development group in the community economic development space, we strive to bring neglected urban site back to life through clustering operations that create critical mass through food, art, and music.
Our first project is a destination pop-up restaurant and event space in the center of downtown called RD86 Space. In year one we grossed over $300,000 and currently employ ten people. Check out the 5 star reviews on yelp and a sampling of customer feedback cards. Next year we forecast revenues at $750,000.
This landing page presents the restaurant operation as an opportunity to catalyze the success of the RD86 Space restaurant operation as a foundational building block in the RD86 plan for regeneration without gentrification in New London.
We are offering shares of $5,000 for a stake in the restaurant business with a full return of these funds plus 8% interest. There is no limit to the number of shares an individual can own. This is an unsecured high risk opportunity to become a member of the RD86 Space LLC operation.
Visit these links to read the LLC operating agreement and investor contract.
Set up a call or email email@example.com to inquire further.