Real Estate Crowdfunding

Real Estate Crowdfunding

With over $200 million from more than 3,500 supporters, the world’s largest crowdfunding campaign has generated the means to create the highest skyscraper in Colombia (and the first new one in 40 years).

The communal nature of the stake puts both the property and power in the hands of the contributors, who in turn receive stake in the finished structure being built in downtown Bogotá. This approach, facilitated by the Prodigy Network, also distributes the risk of this bold venture between those with the motivation to see it made a reality - primarily locals and others with a vested interest in the city’s future.

The structure will address a lack of dense vertical growth in a city that has suffered from sprawl, on the one hand, and too-busy streets on the other. It aims to create a residential, commercial and institutional focal point in a location “where tourism, culture, education and shopping are all together, but also where traffic and congestion demand different means of development.”

Green strategies include advanced water collection systems with graywater reuse, green roof elements, advanced natural lighting optimization and supplemental passive heating and cooling systems.

Source: http://weburbanist.com/2013/12/17/crowdfunded-skyscraper-record-breaking-tower-project/

For more see: http://en.prodigynetwork.com/portfolio_projects/bd-bacata/