Calumet Country Club – Residential Condominium Component

The subject property is located on the northwest corner of 175th Street and Dixie Highway, just south of I-80 The subject site is a 128.36000-acre or 5,591,362-square-foot parcel. The subject property consists of a 128.36-acre parcel of land that is currently occupied with the Calumet Country Club. The Calumet Country Club is a private 18-hole championship golf course. The property is improved with various structures, including:

• An approximately 31,500 square foot, two-story clubhouse

• An approximately 1,240 square foot, single-story locker room and swimming pool building

• An approximately 275 square foot, single-story halfway house

• An approximately 5,940 square foot, single-story storage building

• An approximately 4,900 square foot, single-story maintenance building

• A pump house

Currently, the property is under review for potential redevelopment with proposed uses to include industrial, retail, commercial, residential condos, hotel, training facility, recreational land and aquaponics along with a dog park and walking trails. More specifically, the proposed development will feature an indoor I would probably however, put a lead into intro paragraph giving an overview on the entire development. The go onto to say that the following letter provides a brief overview of the market forces effecting the residential condominium component of the project waterpark and a state of the art sporting complex. Other tenants may include a fresh market farm stand, per groomer, UPS Store, Bamenda Coffee shop and more. The mixed-use industrial plans will also include the introduction of Factory Town and Warehousing. This inclusion will provide continuous support and growth for the proposed retail tenants.

The following market analysis pertains only to the residential condo component of the proposed development. We have been advised that the proposed condo development will likely comprise of a 6 story condominium building. The conclusion of our report provides our professional opinion for what the ideal price point, configuration and quality od the building would be best suited and most feasible for the market.