minimum investment: $100.00
Traverse City, MI
We are a real estate development cooperative in Traverse City, MI.
Commongrounds is a unique real estate developer because we are owned by our future tenants and our community. Our mission to develop real estate in a manner that allows the community to participate so that we can together make the Traverse City our owners already love even better.
Commongrounds Cooperative has been developing building designs and securing financing and tenant partnerships since winter/spring 2018. The building will be constructed at 416 E. Eighth Street in Traverse City, Michigan.
As a real estate cooperative, our customers are people who purchase shares in the cooperative with the intent to participate in the Cooperative’s facilities and services, including use of the services and the facilities offered by the Cooperative when the real estate development is completed.
Funding target: $250,000 – $1,070,000 by 12/31/2019
Regulation CF: Equity ()
Minimum investment: $100