Local venture capitalist plans to build office building in Libbie-Grove area
Courtesy of Brock Saunders)
Brock Saunders is accustomed to investing in growing companies through his venture capital firm, Summit Action Fund.
But now he’s dipping his toe in real estate development with an office project in the Libbie-Grove area.
Saunders is planning to build an 11,000-square-foot office building at 5605 Grove Ave.
The former home of Kim Faison Antiques sits on the site and would be razed to make way for the new three-story building.
Brock Saunders
Saunders, who lives in the Westhampton neighborhood, said he and his brother Paul began talking last year about finding office space for Summit Action Fund and Hutch Capital, a local hedge fund Paul manages.