Sunset over the MayaVita property fields, barn and access drive
Development Progress

Updates

Dated project milestones and announcements, updated as the development advances.

3Years of
Execution
21Documented
Milestones
9Permits &
Approvals
120Keys
Entitled

2026

  • Q4 2026EntitlementsVDH review underway for the value-engineered wastewater design; original wastewater and waterworks permits in hand.
  • Q3 2026DesignCabin manufacturer selected following competitive RFP.
  • Q2 2026FinancingBank credit committee approved the proposed USDA-backed construction financing.
  • Q2 2026EntitlementsFederal environmental review completed, clearing a requirement for USDA financing.
  • Q2 2026EntitlementsVDH waterworks permit approved.
  • Q2 2026DesignContractor budget updated against the civil construction documents.
  • Q1 2026Design100% Design Development documents issued by the project architect.
  • Q1 2026DesignFinal civil and site design documents completed.
  • Q1 2026DesignNetwork design engineering engaged for resort-wide connectivity.
  • Q1 2026DesignModular cabin RFP issued to six manufacturers.

2025

  • Q4 2025EntitlementsFinal Site Plan approved by Madison County; DEQ General Construction Permit issued.
  • Q4 2025EntitlementsDEQ Stormwater Management Plan approved; county Erosion & Sediment Control Permit issued.
  • Q4 2025FinancingTerm sheets executed with the USDA construction lender and the C-PACE provider.
  • Q4 2025DesignArchitectural and interior schematic design completed.
  • Q4 2025SiteThree-phase electric service installed at the property entrance.
  • Q4 2025DesignDry utilities and site electrical engineering engaged.
  • Q3 2025Financing$7.9M as-is MAI appraisal completed by LW Hospitality Advisors.
  • Q3 2025EntitlementsVDH approval for wastewater treatment and sewer systems.
  • Q2 2025EntitlementsVDOT commercial entrance approval issued.

2024

  • Q1 2024SiteAcquisition of the 183-acre Kirtley Road property closed.

2023

  • Q2 2023EntitlementsMadison County granted the Special Use Permit for a 120-key full-service resort.

Updates are provided for general information and speak only as of their dates. They do not constitute an offer to sell or a solicitation of an offer to buy any securities. See our Risk Disclosures.

Schedule a Call