We have done these things:
Organizing and Educating
- Created TTMADRS (2T) as an educational non-profit to investigate the possibilities for an intentional community focused on traditional arts, especially music and dance.
- Held many educational workshops on options for later-life housing, healthcare and costs.
- Formed a Founders Group to actively begin the process of creating a community in the Triangle.
Making
a
Plan
- 2016 - Commissioned a Market Study of the demand for a new senior living community with a continuum of care.
- 2017 - Engaged in a successful fundraising campaign to hire Action Pact, a national firm that specializes in designing and implementing similar projects, to guide us through the design process.
- Winter/Spring 2018 - In collaboration with Action Pact, approximately eighty 2T Founders conducted an extensive inquiry into the preferences of the group.
- Summer 2018 - Took delivery from Action Pact of an Integrated Business Plan (IBP) to serve as a guide for possible implementation, and reviewed it with Founders.
Building
a
Team
- Fall 2018 - Retained local law firm to help with creation of an LLC.
- Early 2019 - On recommendation from Action Pact and based on the preferences of Founders, a subgroup of Founders formed the for-profit entity, Touchstone of the Piedmont (TOP). This LLC can allow return on investment to investors, an option unavailable to the non-profit 2T.
- Summer 2019 - Contracted with a well-established area “land shepherd” to begin systematic evaluation of area real estate opportunities.
- Summer 2019 - Surveyed Founders to compile demographic and financial data for possible use with banks and potential development partners.
- Fall 2019 / Winter 2020 - Met with Continuing Care Retirement Centers (CCRCs) in Durham, Orange, and Chatham counties to investigate the possibility of a partnership. Several of the CCRCs expressed interest in exploring collaboration with 2T.
- Summer 2020 - As identification of possible land continued, developed templates for the legal documents involved in making offers, establishing contingencies, etc.
- Fall 2020 - Contracted with a real estate agent with expertise in developing communities.
- October 2020 – Surveyed Founders to assess current preferences on housing types, amenities, and timing for land purchase and development of our community.
Learn more about this survey - October 2020 – Identified qualified (accredited) investors who are interested in putting money into the LLC with the intention of investing in land, assuming agreeable terms are defined.