About Us
D3 Development, Inc. is a real estate development company focused on owning, developing and operating real property that promises a reasonable return to investors and that creates a positive impact on the community. These projects typically are located in downtown development zones or historically under-utilized areas and frequently use creative financing sources such as Federal and State historic tax credits, new markets tax credits, and public-private partnerships. Our goal is to develop projects that will be a source of pride for local communities in both how projects are executed and the impacts those projects have upon the local communities in which they are located.
Michael Hill
Mike Hill served as Vice President and General Counsel for Capitol Broadcasting Company from 1991-2007. While at Capitol, Mike was directly responsible for the development of greater than 1.2 million square feet of real estate projects, including the largest historical rehabilitation project in the history of the State of North Carolina. Mike also developed new ballparks for Capitol’s minor league baseball teams in Durham, North Carolina and Myrtle Beach, South Carolina. Mike left Capitol Broadcasting Company to form D3 Development in October 2007.
Mike has had primary and direct development responsibility for projects with total project costs that exceeded $310 million and has played a critical but secondary role in the development of other projects with total project costs that exceed $100 million, including the Durham Performing Arts Center in Durham, North Carolina.
Mike is a 1983 graduate from Yale College and a 1987 graduate of the University of South Carolina School of Law.
Shannon Moser
Shannon Moser started in real estate development in 2006 with Niemann Capital. Over the six years with Niemann Capital Shannon served as project manager on multiple development projects. Starting with the close out of Phase II of West Village in downtown Durham, which is a market-rate, mixed-use development. She was the primary project manager for the Hathaway Center in Waterville, Maine. The project was a historic renovation of a mill into 66 loft apartments and commercial space. These projects utilized the state and federal historic tax credits; new market tax credits; as well as public finance incentives. Shannon also working on the pre-development phases of several other potential project prior to leaving in 2012.
Shannon graduated with a Bachelor of Science from North Carolina State University. She joined D3 Development in 2012 as a project manager. She worked on the renovation of the Durham Bulls baseball stadium with D3 Development. This renovation including new seating, concessions, field, lighting and club space. Her primary role was as project manager for the White Furniture renovation in Mebane, North Carolina. The White Furniture project is 157 historic apartments and amenities in downtown Mebane. She oversaw design and construction activities as well as assisted D3 Development in the underwriting and operations of the project through 2016. This project utilized the state and federal historic tax with HUD 221 (d)(4) financing.
In 2016 Shannon left D3 Development and joined BH Management construction services to gain more construction experience in the multi-family industry. Shannon was a construction project manager with BH Management overseeing renovations of class B and C apartment communities. Shannon worked along the east coast on 15+ properties overseeing capital projects for investors. Projects included clubhouses, pools, lighting projects, and many upgrades to the communities. Shannon oversaw the capital budgets, contracted with subcontractors, and worked with investors to increase the value of their assets.
After working with BH Construction Shannon decided to make a transition to provide construction management services directly for owners and investors. She started working with D3 Development again in 2019.