Things I Read: It's a Restaurant, It's a Boutique, It's an Experiment in Crowd-Funded Real Estate

Maketto 1351

It's a Restaurant, It's a Boutique, It's an Experiment in Crowd-Funded Real Estate

From the start, the vision was simple in concept, yet exceedingly complex in execution. [T]he Miller brothers invested in the neighborhood by buying the property at 1351 H Street NE and opening it up to the neighborhood directly—after plenty of finagling with the SEC. The Millers asked neighbors what they wanted to see developed there, and, after settling on the more-or-less unfeasible option of a restaurant-slash-retail store, opened the investment to those same neighbors. People bought all of the 3,250 shares offered, many of them first-time investors buying in for as little as $100 per share.