🤖 Atlas Notes
Lot 1 (Belmont): CLOSED Feb 24, 2026 ✅. Lot 3 (Preakness/NRP): Under contract — 9th Amendment ($50K deposit, 6-mo extension). Bernhard boundary dispute active — Kutak Rock negotiating. Lot 2: Subdividing N/S, Sean Murphy marketing, Suds LOI imminent ($27/psf). Lot 4: ~2.2 ac retail pad, Sean Murphy marketing.
🔄 Wire Recall — Still Pending: South State Bank (McKenna Schreiber) submitted recall request to Wells Fargo for $100,000 wire (acct ending 6834, Feb 26). Recall failed — awaiting McKenna / South State Bank resolution. Contact Shannon Wardlaw (swardlaw@hamiltonpoint.com) if bank cannot recover.
🪧 Signage Issue: Sean Murphy (CLD) reported NRP removed HSRE signage when starting work on Lot 1 (Belmont). Sean asked John/Kent to request NRP locate the sign or reimburse for a new one. Kent/John to follow up with Max Whipple (NRP).
🏪 Suds LOI — Slaughter & Winter Haven (update Apr 2): Suds at $27/psf max, up to 275' depth. Kent replied to Sean Murphy at 11:13 PM: "If you guys don't recommend anything further on the LOI…I think we are good to accept it." LOI acceptance likely imminent. Pending Sean's final recommendation.
📋 Action Items
⚪ Pending
Monitor wire recall — waiting on Wells Fargo response via McKenna Schreiber
Urgent
⚪ Pending
Follow up with Max Whipple (NRP) re: missing signage from Belmont site
This week
⚪ Pending
Suds LOI: Kent told Sean "good to accept it" (Apr 1 11pm CT). Confirm with John before Sean responds formally.
This week
⚪ Pending
Monitor Lot 3 (NRP/Preakness) contract to close
Ongoing
⚪ Pending
Support broker marketing for Lots 2 & 4
Ongoing
📍 Project Stage
✅ Acquired
→
✅ Lot 1 Closed
→
📍 Lots 2–4 Marketing
→
All Lots Closed
⚡ Action Items
🤖 April 2, 2026
| Action | Owner | Due | Status |
|---|---|---|---|
| Close Lot 3 (NRP under contract) | John / Kent | Per contract | 🟡 Under Contract |
| Marketing Lots 2 & 4 — broker outreach | Broker / Kent | Ongoing | 🟡 Active |
| Final project closeout / entity wind-down | John / Kent | After last closing | ⚪ Pending |
🗺️ Lot Status
🤖 April 2, 2026
| Lot | Status | Buyer / Contract | Notes |
|---|---|---|---|
| Lot 1 | ✅ CLOSED | — | Sold and closed. Proceeds received. |
| Lot 3 | 🤝 UNDER CONTRACT | NRP Group | Under contract — pending closing. |
| Lot 2 | 📢 MARKETING | — | Being subdivided N/S — South ~13ac (MF, has sewer) · North ~3ac (retail). Sean Murphy marketing both. |
| Lot 4 | 📢 MARKETING | — | ~2.2 ac retail pad. Sean Murphy marketing. |
💰 Costs & Expenses
🤖 April 2, 2026
| Category | Item | Budget | Actual | Notes |
|---|---|---|---|---|
| Land | Property Acquisition | See tracker | See tracker | Original purchase |
| Engineering | Civil / Subdivision | See tracker | See tracker | Subdivision plat |
| Legal | Legal / Title / Closing | See tracker | See tracker | Per lot closing |
| TOTAL | See Cost Tracker spreadsheet | |||
💡 Full cost detail in the Slaughter Cost Tracker spreadsheet.
📁 Slaughter Project Files
🤖 April 2, 2026
Slaughter Cost Tracker
HSRE · Excel · OneDrive — budget & actuals
🤖 Last updated by Atlas · April 2, 2026
📂 Open Document →
Mayfair Diligence & Preakness Tracker
HSRE · Excel · OneDrive — Preakness reference
🤖 Last updated by Atlas · April 2, 2026
📂 Open Document →
📅 Project Timeline
🤖 April 2, 2026
TBD
Lot 2 — Contract & Close UPCOMING
Currently in active marketing. No buyer under contract yet.
TBD
Lot 4 — Contract & Close UPCOMING
Currently in active marketing. No buyer under contract yet.
TBD
Project Closeout & Entity Wind-Down UPCOMING
After all lots are sold and closed. HSRE entity wind-down.
Past Events
Mar 10, 2026
Lot 3 (Preakness) — 9th Amendment Executed DONE
NRP paid $50K deposit to extend closing 6 months. Closing pending.
Feb 24, 2026
Lot 1 (Belmont) Closed DONE
Belmont sold and closed. Proceeds received from NRP Group.
2024–2025
Subdivision Plat & Property Acquired DONE
4-lot subdivision platted. HSRE acquired the East Slaughter Lane property.
2024
Subdivision Plat / Lot Creation DONE
4-lot subdivision approved and platted along East Slaughter Lane.
2023–2024
Property Acquired DONE
Highside Real Estate acquired the East Slaughter Lane property.
👥 Key Contacts
NRP Group
Lot 3 Buyer — Under Contract
Pending closing on Lot 3
Kent McNeil
HSRE · Partner
Lot marketing & broker coordination