Alchemi Group knew there was gold in the two 1870’s office buildings they purchased in 2006. Their first step was to get approval to re-zone the buildings as residential. This procured, they sold the buildings to another development company to be transformed into 10 luxury apartments, thus delivering their investors an impressive 216% return. The beauty of this deal was Alchemi Group’s ability to keep overhead low over a short time frame, thereby generating a large profit.