Mount Vernon Plaza

OFFERING HIGHLIGHTS
  • 49% cash flow
  • 49% profit share
  • Preferred equity
  • Long term investment horizon
  • Closes November 26, 2025

Building wealth through community-owned shopping centers.

Impact Highlights
  • Strategic. Purchase profitable urban community shopping centers in partnership with entrepreneurs and community investors

  • Building local wealth. Providing a path for increased ownership opportunities of real estate assets

  • Supporting local talent. Providing opportunities to minority-owned businesses and opportunities for local community employment

  • Scalable. Planning to provide investment opportunities in up to 12 service-oriented community shopping center

  • Return. Up to 49% pro-rata share of cash flow and profit to investors

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The Business Plan
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About the Change

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About the Team

Lyneir Richardson is co-founder and CEO of The Chicago TREND Corporation. He is an experienced commercial and residential real estate developer with over 18 years of experience in urban retail development.

Lyneir is also a Professional Practice Instructor in the Department of Management and Global Business at Rutgers Business School in Newark, New Jersey, and the Executive Director of the Rutgers Center for Urban Entrepreneurship and Economic Development (CUEED), where he leads capacity-building programs that have assisted over 400 entrepreneurs.  Lyneir is a Non-Resident Senior Fellow at the Brookings Institution and a Wealth Innovation Fellow at the Aspen Institute.

Lyneir has served as Chief Executive Officer of the primary economic development corporation in Newark, for two different mayoral administrations. He was Vice President of Urban Development at General Growth Properties, Inc., where he led the national initiative to bring quality shopping centers to ethnic neighborhoods in large U.S. cities. Early in his career, Lyneir founded Lakeshore Development Construction Company and was recognized by the U.S. Small Business Administration as Illinois Young Entrepreneur of the Year. He started his career as a corporate attorney at the First National Bank of Chicago.

Lyneir is a graduate of Bradley University and the University of Chicago Law School. He is a member of the Urban Land Institute, the International Council of Shopping Centers, and the International Economic Development Council. He serves on the Board of Directors of the International Economic Development Council, New Growth Innovation Network, Newark Arts Council and the Cook County Land Bank, and has served as Vice Chairman of the Illinois Housing Development Authority Trust Fund Board and as a Commissioner on the Chicago Plan Commission.

You can read about the entire leadership team here.

The Property Teams

TREND has a track record of assembling teams of local experts (e.g., leasing, management, insurance, landscaping) to provide hands-on property management, stay on top of issues, retain existing tenants and attract new ones to improve financial performance and community impact. 

TREND has also helped nearly two dozen Black entrepreneurs to open and/or operate at the shopping centers that it owns.

TREND will continue to identify diverse professionals, contractors, and tenants as it acquires shopping centers across the country.

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How will this work for you?

We have created a mathematical calculation based on our current assumptions about the project's acquisition and operations. We plan to sell the property after 10 years of operations. Cash flow and profits from liquidation are expected to net a total of $6,732,282 over the 10-year period. Our calculation shows that a $1,000 investment might return $3,299 and a $10,000 investment might return $32,988 over that 10-year period.

Some of our assumptions will prove to be inaccurate, possibly for the reasons described in the Risks of Investing. Therefore, the results of investing illustrated in our calculation are likely to differ in reality, for better or for worse, possibly by a large amount. Please also review the LLC Agreement for additional detail on how distributions will be made and the business plan.

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About Mount Vernon
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About the Offering

The Company is engaged in a Regulation Crowdfunding (Reg CF) offering (the “Offering”) to raise money to acquire and redevelop the Mount Vernon Plaza Shops, located at 1040-1060 Mount Vernon Avenue,Columbus, OH 43203.

We are trying to raise a maximum of $1,000,000 but we will move forward with the Project and use investor funds if we are able to raise at least $100,000 (the “Target Amount”). If we have not raised at least the Target Amount by 11:59 PM EST on November 26, 2025 (the “Target Date”), we will terminate the Offering and return 100% of their money to anyone who has subscribed.

The minimum you can invest in the Offering is $1,000 Investments above $1,000 may be made in $500 increments (e.g., $1,500 or $2,000, but not $1,136). An investor may cancel his or her commitment up until 11:59 PM EST on November 24, 2025 (i.e., two days before the Target Date). If we have raised at least the Target Amount, we might decide to accept the funds and admit investors to the Company before the Target Date; in that case we will notify you and give you the right to cancel.

After we accept the funds and admit investors to the Company, whether on the Target Date or before, we will continue the Offering until we have raised the maximum amount.

Investments under Reg CF are offered by NSSC Funding Portal, LLC, a licensed funding portal.  This offering is registered with the SEC

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Risks of Investing

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.

In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

There are numerous risks to consider when making an investment such as this one and financial projections are just that - projections. Returns are not guaranteed. Conditions that may affect your investment include unforeseen construction costs, changes in market conditions, and potential disasters that are not covered by insurance. Please review our Risks of Investing more expansive list of potential risks associated with an investment in this Company.

Unless otherwise noted, the images on this page are used to convey the personality of the neighborhood in which the project is planned. Properties shown in these images are not included in the offering and Investors will not receive an interest in any of them.

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