{"id":392819,"date":"2020-12-03T09:33:27","date_gmt":"2020-12-03T14:33:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392819"},"modified":"2020-12-03T09:33:27","modified_gmt":"2020-12-03T14:33:27","slug":"cavu-resources-sinacori-builders-secures-investment-group-and-closes-on-5-1-million-dollar-property-to-build-up-to-a-37-story-apartment-condo-tower-in-uptown-charlotte","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-secures-investment-group-and-closes-on-5-1-million-dollar-property-to-build-up-to-a-37-story-apartment-condo-tower-in-uptown-charlotte\/","title":{"rendered":"CAVU Resources&#8217; Sinacori Builders Secures Investment Group and Closes on $5.1 Million Dollar Property to Build up to a 37 Story Apartment Condo Tower in Uptown Charlotte"},"content":{"rendered":"<div class=\"mw_release\">\n<p>CHARLOTTE, N.C., Dec.  03, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Apd3f5Bwtjawh4ZlJ80SwNLj99AHQoVeABVtzFzC38Cdwa-gQWTkwyDx-zFRsr3BQEIas5LDfFxsJr2GaJJzllLhlKKYAOHMnRplaZ_xdUFzXy44AmV4uSee9kY20AcV12IXT3QGCYY7L4TcT4BP-LSNvIXELj_oYLJnnmJAkN8TEFodcUQuSDSl23NzCekbforIWfnEoC8aOOnIq2SJZQJp2StWIaRn0IFKL2k8ibpzOM1YX1sr3SjNd_-kUoSE\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">CAVU Resources, Inc.<\/a>\u00a0(OTCPK: CAVR)\u00a0today announced that its\u00a0wholly owned\u00a0subsidiary Sinacori Builders has successfully closed on a 0.98 acre property located at 712-722 N Smith Street in Charlotte, North Carolina, for $5,100,000.<\/p>\n<p>On January 21<sup>st<\/sup>, 2020, Sinacori Builders received notification from the Charlotte City Council that its rezoning application on the property had been approved, allowing for a mixed-use development containing up to 362 condos or apartments to be built. In July 2020, following the successful rezoning, Sinacori Builders had the property appraised and a value of $7,700,000 was assigned, representing the creation of $2,600,000 in equity.<\/p>\n<p>Sinacori Builders with Investment Group, \u201cSmith Street Ventures\u201d is currently interviewing experienced and qualified commercial builders capable of constructing a 37-story luxury residential, transit-oriented high-rise building. A planned CATS (Charlotte Area Transportation System) Light-rail Station will be constructed in the front of the tower that spans throughout Uptown Charlotte.<\/p>\n<p>Features Being Considered Included in the Concept:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt\">362 apartment units, each featuring a commercial grade indoor grow cabinet allowing for the cultivation of organic fruits and vegetables<\/li>\n<li style=\"margin-bottom:8pt\">Organic-focused retail outlets<\/li>\n<li style=\"margin-bottom:8pt\">Recreation, wellness, and fitness facilities<\/li>\n<li style=\"margin-bottom:8pt\">A destination pool surrounded by tropical palms<\/li>\n<li style=\"margin-bottom:8pt\">A garden in the sky with vibrant flowers, lush tropical landscape, and breathtaking unobstructed 360-degree views of Charlotte<\/li>\n<\/ul>\n<p>In February 2020 Sinacori Builders contracted emma + co., a real estate consulting firm based in Charlotte, North Carolina, to complete a proforma and market review &amp; strategic plan on 712-722 N Smith Street. This market review &amp; strategic plan can be viewed on the Company\u2019s OTC Markets disclosure page along with the property\u2019s approved site plan from the Charlotte City Council.<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ut95tVFPFmsoNDBS09ahvhgM1lgKlfRiGHMbgJV1ouetsVM4e9vUerCmbcWb8nKKtYCvxbXUTqUYOK-5CRvAQA4zMR0joGni3r-CbRRPEWJuv6PrRzGI66hjQhTWBKCheYffAVKX9-hBnhqNnyAprDBo1wSUqrA94r0P_5cTZ6uWIy1vQb2594uvdo3IOk36DOLszS-3KHwLJ20YIp83hw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/backend.otcmarkets.com\/otcapi\/company\/research\/265775\/content<\/a>\n      <\/p>\n<p>\n        <em>\u201c<\/em><br \/>\n        <em>Both Russ<\/em><br \/>\n        <em> Sinacori<\/em><br \/>\n        <em> and I<\/em><br \/>\n        <em> had residences <\/em><br \/>\n        <em>in Uptown Charlotte. <\/em><br \/>\n        <em>Russ<\/em><br \/>\n        <em>,<\/em><br \/>\n        <em>The <\/em><br \/>\n        <em>Museum Tower<\/em><br \/>\n        <em>s<\/em><br \/>\n        <em> and I, The <\/em><br \/>\n        <em>Vue<\/em><br \/>\n        <em>, we both shared the same incredible quality of life. <\/em><br \/>\n        <em>Charlotte is an <\/em><br \/>\n        <em>amazing city<\/em><br \/>\n        <em> and Uptown Charlotte is the heartbeat of the city. I <\/em><br \/>\n        <em>used<\/em><br \/>\n        <em> to stand <\/em><br \/>\n        <em>outside <\/em><br \/>\n        <em>on my 48<\/em><br \/>\n        <sup><br \/>\n          <em>th<\/em><br \/>\n        <\/sup><br \/>\n        <em> floor balcony <\/em><br \/>\n        <em>often<\/em><br \/>\n        <em>. Ironically, my condo <\/em><br \/>\n        <em>balcony <\/em><br \/>\n        <em>directly faced<\/em><br \/>\n        <em> our planned Smith Street location and I would look at it every day not knowing that one day we would have such an exciting project. That our \u201cGrowing Together\u201d brand would have such a \u201cstage\u201d to be introduced to the world. We have lots of work in front of us, no doubt. But that\u2019s what we sign<\/em><br \/>\n        <em>ed<\/em><br \/>\n        <em> up for. One small win at a time<\/em><br \/>\n        <em>!\u201d<\/em> &#8211; CAVU Resources CEO, Bob Silver.<\/p>\n<p>\n        <strong>About\u00a0Sinacori Builders<\/strong>\n      <\/p>\n<p>Sinacori Builders,\u00a0a\u00a0CAVU\u00a0Resources\u00a0company,\u00a0is a technology-driven real estate company with more than\u00a014 million dollars\u00a0in assets and over\u00a010 million dollars\u00a0in secured contracts\/closings in 2020. This\u00a0wholly-owned\u00a0CAVU subsidiary has a strong foothold in\u00a0Charlotte, North Carolina, and is expanding its footprint throughout the Southeast. The Company plans on growing its brand and enhancing shareholder value by leveraging its connections with the country&#8217;s top builders to become a national player.\u00a0To learn more, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6I-mcpCcqGM0dC6sUoh9pI2XRZNTDVsNjsg4aRIFcFPBAzAbGJqgwuK2pxLNuO4YZT5pZe_YKTtDq5kYIwGgzUSXa0wedPdv35deCEI6ktk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sinacoribuilders.com<\/a><\/p>\n<p>\n        <strong>About\u00a0CAVU\u00a0Resources Inc.<\/strong>\n      <\/p>\n<p>CAVU\u00a0Resources Inc. is a synergistic suite of technology driven companies that create a lifestyle brand targeting the Millennial \/ Gen Z demographic to support how they Live, Learn, Socialize, and Stay Healthy.\u00a0To learn\u00a0more, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=q5bB2V2BDTRGO5tIsCK7gbkMaz1E7eBZoDmnOmC7xgtV6hD1GFcLGYtm7rx1X2sJhBJ2DI0_TlNTsOHL3hvDs8Cd4ueBkT5hYdJovLfGXGs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.cavuresource.com<\/a><\/p>\n<p>\n        <strong>Forward-Looking Statements:<\/strong><\/p>\n<p>Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other thing, statements regarding the offering, the expected gross proceeds, the expected use of proceeds and the expected closing of the offering. Any forward-looking statements contained herein are based on current expectations and are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company&#8217;s ability to develop, market and sell its products; the expected benefits and efficacy of the Company&#8217;s products; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and, the Company&#8217;s business, research, product development, marketing and distribution plans and strategies.<\/p>\n<p>\n        <strong>Company Contact<\/strong><br \/>\n        <strong> Info<\/strong><br \/>\n        <strong>:<\/strong><\/p>\n<p>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QbkTKXLpXtt_xjQMC_dLsW4iwgVml37Ud0sI3Ef8hrxZHsNXvOMe77Up4EXmYOMRe2TOC4jqBqFzQ9269tKRZeSD56FR22IGKE_ln4Fk_nw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@kushAmerica.com<\/a><br \/>704-564-2372<\/p>\n<p>Photos accompanying this announcement are available at:<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ut95tVFPFmsoNDBS09ahvsX_GGQlrAU7X_GUfYaQjRBW8CLDbDusuyAEKQumUKLTgLQVBcVlRENNGjLcZcHlQiRmeeMXB8w2WXgGbgZozx0P8NPomzd7lU7HSFRD9ke3BkUjHY4eQswtF1mEy-M_-2q5K5cOcE5ps9SZzw1QWPl71K7__yL_k10qk1s3URx-P8DU0HUYeCCK45Ba8Bf5THKaTSRUEY8PDnWK7oycorOKsQ5aBLS_OV9zBe9mfxW217yHLtrpcaiSA5hbEQF03w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/9edd8429-5009-4e5f-b414-8c46fca61035<\/a>\n      <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ut95tVFPFmsoNDBS09ahvsX_GGQlrAU7X_GUfYaQjRBW8CLDbDusuyAEKQumUKLTTuE26nOb7S3_TQ5wAUlmAzN7X7CHBj47yK1n2rhFs9BdPemfF1NmhYLDkuoDqvfDqY75gSka9rn_SJUGXoa7Ba4qGEaqQmbQx7GxjvYu8KeI3yXzjQzmbYWMAqU98-qBXC67uRHqUzH0U1v5DIik7PhqvpARK8GHa_rnWP2AaUJBFCQrnSgjHRoT9d__LyrkAl5Wy2GEHFiKdM-T5Pwifg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/2c911368-dfc9-4763-91a3-ea7dcc0b4815<\/a>\n      <\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjMyOSMzODU1MDYxIzIxODc0Mzc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/86d55c87-3693-4008-8328-bbde33d9ff46\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CHARLOTTE, N.C., Dec. 03, 2020 (GLOBE NEWSWIRE) &#8212; CAVU Resources, Inc.\u00a0(OTCPK: CAVR)\u00a0today announced that its\u00a0wholly owned\u00a0subsidiary Sinacori Builders has successfully closed on a 0.98 acre property located at 712-722 N Smith Street in Charlotte, North Carolina, for $5,100,000. On January 21st, 2020, Sinacori Builders received notification from the Charlotte City Council that its rezoning application on the property had been approved, allowing for a mixed-use development containing up to 362 condos or apartments to be built. In July 2020, following the successful rezoning, Sinacori Builders had the property appraised and a value of $7,700,000 was assigned, representing the creation of $2,600,000 in equity. Sinacori Builders with Investment Group, \u201cSmith Street Ventures\u201d is currently interviewing experienced and qualified commercial builders capable &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-secures-investment-group-and-closes-on-5-1-million-dollar-property-to-build-up-to-a-37-story-apartment-condo-tower-in-uptown-charlotte\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CAVU Resources&#8217; Sinacori Builders Secures Investment Group and Closes on $5.1 Million Dollar Property to Build up to a 37 Story Apartment Condo Tower in Uptown Charlotte&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392819","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CAVU Resources&#039; Sinacori Builders Secures Investment Group and Closes on $5.1 Million Dollar Property to Build up to a 37 Story Apartment Condo Tower in Uptown Charlotte - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-secures-investment-group-and-closes-on-5-1-million-dollar-property-to-build-up-to-a-37-story-apartment-condo-tower-in-uptown-charlotte\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAVU Resources&#039; Sinacori Builders Secures Investment Group and Closes on $5.1 Million Dollar Property to Build up to a 37 Story Apartment Condo Tower in Uptown Charlotte - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CHARLOTTE, N.C., Dec. 03, 2020 (GLOBE NEWSWIRE) &#8212; CAVU Resources, Inc.\u00a0(OTCPK: CAVR)\u00a0today announced that its\u00a0wholly owned\u00a0subsidiary Sinacori Builders has successfully closed on a 0.98 acre property located at 712-722 N Smith Street in Charlotte, North Carolina, for $5,100,000. On January 21st, 2020, Sinacori Builders received notification from the Charlotte City Council that its rezoning application on the property had been approved, allowing for a mixed-use development containing up to 362 condos or apartments to be built. In July 2020, following the successful rezoning, Sinacori Builders had the property appraised and a value of $7,700,000 was assigned, representing the creation of $2,600,000 in equity. Sinacori Builders with Investment Group, \u201cSmith Street Ventures\u201d is currently interviewing experienced and qualified commercial builders capable &hellip; Continue reading &quot;CAVU Resources&#8217; Sinacori Builders Secures Investment Group and Closes on $5.1 Million Dollar Property to Build up to a 37 Story Apartment Condo Tower in Uptown Charlotte&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-secures-investment-group-and-closes-on-5-1-million-dollar-property-to-build-up-to-a-37-story-apartment-condo-tower-in-uptown-charlotte\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T14:33:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjMyOSMzODU1MDYxIzIxODc0Mzc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cavu-resources-sinacori-builders-secures-investment-group-and-closes-on-5-1-million-dollar-property-to-build-up-to-a-37-story-apartment-condo-tower-in-uptown-charlotte\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cavu-resources-sinacori-builders-secures-investment-group-and-closes-on-5-1-million-dollar-property-to-build-up-to-a-37-story-apartment-condo-tower-in-uptown-charlotte\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CAVU Resources&#8217; 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CAVU Resources, Inc.\u00a0(OTCPK: CAVR)\u00a0today announced that its\u00a0wholly owned\u00a0subsidiary Sinacori Builders has successfully closed on a 0.98 acre property located at 712-722 N Smith Street in Charlotte, North Carolina, for $5,100,000. On January 21st, 2020, Sinacori Builders received notification from the Charlotte City Council that its rezoning application on the property had been approved, allowing for a mixed-use development containing up to 362 condos or apartments to be built. In July 2020, following the successful rezoning, Sinacori Builders had the property appraised and a value of $7,700,000 was assigned, representing the creation of $2,600,000 in equity. Sinacori Builders with Investment Group, \u201cSmith Street Ventures\u201d is currently interviewing experienced and qualified commercial builders capable &hellip; Continue reading \"CAVU Resources&#8217; Sinacori Builders Secures Investment Group and Closes on $5.1 Million Dollar Property to Build up to a 37 Story Apartment Condo Tower in Uptown Charlotte\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-secures-investment-group-and-closes-on-5-1-million-dollar-property-to-build-up-to-a-37-story-apartment-condo-tower-in-uptown-charlotte\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-03T14:33:27+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjMyOSMzODU1MDYxIzIxODc0Mzc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-secures-investment-group-and-closes-on-5-1-million-dollar-property-to-build-up-to-a-37-story-apartment-condo-tower-in-uptown-charlotte\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-secures-investment-group-and-closes-on-5-1-million-dollar-property-to-build-up-to-a-37-story-apartment-condo-tower-in-uptown-charlotte\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CAVU Resources&#8217; 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