THE SIP CREATIVE OAISIS PROJECT
THE MISSION
Empowering Creative Expression Through Innovative Living & Work Spaces
We are excited to present a transformative investment opportunity that synergizes real estate development with the dynamic growth of the digital content industry, through a strategic partnership between J&J, the Landlord of 140 SIP, and SIP Studios. This proposal outlines a visionary project designed to leverage the burgeoning potential of Jersey City's redevelopment, particularly in the Journal Square area, turning an iconic property into a multi-faceted creative and residential hub.
THE OBJECTIVE
The core objective of this venture is to innovatively combine real estate development and creative industries through the Sip Creative Oasis project, creating a multifaceted urban living and creative workspace in Jersey City.
This involves the strategic renovation of a significant space into artist lofts, fostering a strong community of creatives, and leveraging Sip Studios' expertise for enhanced digital presence and operational efficiency.
The venture aims to not only redefine the living and creative space for artists but also to ensure a profitable and sustainable business model that benefits all stakeholders, including investors, the landlord, and Sip Studios, by maximizing rental income, brand value, and market positioning.
INVESTMENT PROPOSAL
CAPITAL INVESTMENT
Total Investment: $4 Million
$3 Million allocated for the renovation of the third floor into artist lofts and communal spaces, and overall building repairs.
$1 Million invested directly into Sip Studios for enhancing production and operational capabilities.
EQUITY DISTRIBUTION
2844 JFK BLVD
Landlord: 75%
J&J: 25%
SIP STUDIOS
George M: 52%
J&J: 25%
Angels: 18%
Landlord: 5%
SIP SUITES PROFIT SHARE
The profit-sharing model between J&J and the landlord involves dividing net profits from apartment rentals according to a predetermined ratio, reflecting each party's contributions and investments in the SIP Creative Apartments project.
The Plan
ACTION PHASES
Phase 1- Planning and Approvals
Phase 2 - Renovation and Digital Development
Phase 3 - Marketing, Leasing, and Launch
Phase 4 - Operations, Community Engagement, and Continuous Improvement
THE OPPORTUNITY
THE OPPORTUNITY
This venture presents a unique opportunity to establish a cornerstone in the creative landscape of Jersey City, bridging the gap between artistic innovation and community engagement. By transforming a multi-functional space into the Sip Creative Apartments and associated venues, we're not only offering a state-of-the-art living and creative workspace but also fostering a dynamic ecosystem where artists, musicians, and creatives can thrive.
This initiative promises to catalyze local cultural development, attract a diverse pool of talent, and stimulate economic growth through events, collaborations, and productions. With its strategic location and comprehensive design, the venture stands as a beacon of creativity, offering unparalleled opportunities for artistic expression, professional growth, and community building in the heart of one of the city's most vibrant neighborhoods.