Diligence memo · auto-generated · as of July 2, 2026
3rd Street Development, LLC
3rd Street Development, LLC looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
3rd Street Development, LLC operates in Construction, based in VALPARAISO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
3rd Street Development, LLC has raised $9.9M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $9.9M on 2010-09-13.
Most recent recorded round closed around 2010-09-13.
Valuation (modeled)modeled
Provath models 3rd Street Development, LLC at approximately $61M (range $14M–$330M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.69× the median modeled value of Series A Construction companies in 2010–2012 (16 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 15.8 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 87% of Construction peers (1338 compared).
Modeled value ranks above 91% of those peers.
Closest niche peers: Belle Hill Manor, LP, Yards Phase C Limited Partnership, NTS Holdings, Inc., Flatiron Construction Corp., CTT Investor, LLC.
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.