Check out Crowd-Invested Placemaking

Just seven months ago we were outlining the inevitability of crowd-invested placemaking . Since then, the first crowd-investing platform for real estate development, Fundrise has not only launched, but already crowd-invested in four development projects , with commitments for $3 million in the first three projects. The fourth project attracted over half a million dollars in interest in the first two hours . The four developments are all related to renovations of under-utilized infill buildings in Washington DC, certainly a model of positive investment in any community. Following those investments, the founders of Fundrise established a real estate development entity, Rise Development. In January 2013, Rise Development won an RFP over four other firms to utilize Fundrise in capitalizing a 10,000 s.f. urban redevelopment project. They also plan to use an idea-based crowdsour...

Full article: http://sustainablecitiescollective.com/cooltownstudios/12...

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