As an African American woman in real estate development, Maranda Walker Dowell is elevating the concept of “Buy the Block” to remarkable new heights. Her latest venture, a 3.5-acre land development located at 6075 Post Road in Kingstown, Rhode Island, is poised to redefine the local landscape and empower the community.
At the heart of Dowell’s project is a commitment to inclusivity and community engagement. While she currently owns the 3.5-acre site alongside other investors, her plans extend far beyond mere land acquisition. Dowell envisions a vibrant shopping center that not only meets the local market’s needs but also fosters economic growth and opportunity for all stakeholders.
Through Vesterr, Dowell is looking to raise $300,000, which will be just a small portion of the capital used for equity and pre-development costs. Dowell’s decision to embrace equity crowdfunding was not merely a financial strategy but a deliberate choice to democratize access to real estate investment opportunities.
By allowing unaccredited investors to participate in her shopping center ventures, Dowell is breaking down barriers and empowering individuals from all walks of life to share in the project’s success.
“As a Black woman in real estate development, I understand the importance of representation and inclusion” says Dowell.
With a signed 20-year lease from McDonald’s already secured and negotiations underway with Taco Bell, Dowell’s project is poised for success.
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