From 2006 to 2014, Kilbourne Group’s real estate efforts focused on fulfilling a mission to revitalize downtown Fargo and create an active neighborhood that would attract investment. Kilbourne’s projects during this time demonstrated the possibilities of redevelopment and were designed to create high activity and value through each project.
In 2015, Kilbourne Group created its first real estate fund, the Downtown Fargo Real Estate Fund I, which acquired dozens of properties and completed redevelopment and urban infill projects. The Fund’s strategy was to redevelop equal parts retail, office, residential, and hotel in an effort to drive vibrancy and a mix of uses that creates resiliency. The result of the community’s efforts to revitalize downtown Fargo is more people on the sidewalks enjoying the city than ever.
The Downtown Fargo Real Estate Fund was created as a 10-year Fund, which is nearing the end of the 10-year period. We are now in the disposition stage of the fund portfolio. Properties for sale include future redevelopment opportunities, as well as fully leased and stabilized projects, all in the downtown Fargo Opportunity Zone, which allows for capital gains tax advantages.
If you are at a point of seeking a new or additional neighborhood for your business, we would love to have the opportunity to share more with you about downtown Fargo.
The Kilbourne Group team shows up every day with passion and drive to do the best work we can to create extraordinary projects and fill them with people and businesses, then sell the projects at the appropriate time. You hear us talking about the businesses and the local owners, local entrepreneurs that are starting their businesses, taking a lot of risks in downtown Fargo. That’s the awesome part… that creates a unique experience that you can’t have anywhere else in the world. You can’t go anywhere else in the world and have the experience you have in downtown Fargo. And the experience is awesome,” says Mike Allmendinger, President of Kilbourne Group.
Kilbourne Group is excited to continue to develop and sell projects in walkable districts throughout the region. We look forward to hearing from you!
Interested in becoming an owner in the downtown Fargo neighborhood? Contact the Kilbourne Commercial Real Estate Team at 701.289.7000 or scan the QR code to learn more!
