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This profile was last updated on 2/12/15  and contains information from public web pages and contributions from the ZoomInfo community.


Local Address: Washington, District of Columbia, United States
Roadside Development LLC
WASHINGTON , District of Columbia 20036
United States

Company Description: Roadside Development utilizes its successful team-oriented strategy with regard to the acquisition of assets, land-use planning, site development, construction...   more

Employment History

28 Total References
Web References
The panel, which included moderator ..., 12 Feb 2015 [cached]
The panel, which included moderator Samantha Ahuja (Attorney and Shareholder at Greenberg Traurig LLP), Victor Hoskins (Director of Arlington Economic Development), Julian Josephs (President of Julian Josephs Company), Ryan McCormick (Vice President and Counsel at the Real Estate Roundtable), and Armond Spikell (Founding Member and Principal at Roadside Development LLC) discussed trends in the various investment mechanisms commonly used by and popular with foreign investors interested in the Washington DC market.
Mr. Spikell offered the panel his firsthand experience with the EB5 program from the City Market at O project and further provided insights into the mechanics of a EB5 investment, who the different parties are in an EB5 transaction, the role of local and federal government in successful EB5 investments, and how the investment goals of EB5 investors may differ from typical high net worth individual or sovereign fund investors.
Roadside Development LLC | Team, 6 Nov 2014 [cached]
Armond Spikell
Armond Spikell, a partner at ... [cached]
Armond Spikell, a partner at Roadside Development, which is using EB-5 money to help fund its $260 million development in Northwest D.C., said that the EB-5 program provides early stage equity. This type of equity is difficult to get for new construction projects in underdeveloped areas, according to Spikell. After doing some research on the EB-5 visa program, Spikell thinks it mades sense.
Industrial & Investment Real Estate Brokerage, 19 Mar 2014 [cached]
"Crowdfunding seems like it would be a great way for a retailer or restaurateur to raise money from enthusiastic customers," Armond Spikell, a founding partner of Roadside Development, a Washington DC-based real estate firm. "The $1 million limit means that that a real estate project can't be larger than about $4 million or $5 million total, assuming 25% equity and 75% debt.
"Crowdfunding could save 17% of a $1 million profit on a small deal or about $170,000," Spikell said, but asked, "Is the a lower cost of capital, say 8% for crowdfunding versus 25% for a typical equity partner worth it if you have to deal with 10 to 50 partners on a small deal?"
"This is a project that is ..., 9 Nov 2011 [cached]
"This is a project that is long overdue," said Armond Spikell, another partner of Roadside Development.
Roadside Development ("Roadside"), is a Washington D.C.-based development company, formed more than 13 years ago by Richard Lake, Armond Spikell and Todd Weiss.
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