Developer Sean McCormick is looking for a joint venture partner and investors to help develop The Basel Miami, a 36-story office-hotel tower on property McCormick has owned since the 1970s at 205 SW Third St. in downtown Miami. Courtesy of Palma & Partners
The appetite for opportunity zone projects already was strong in South Florida before the federal government released a second round of regulations.
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In most real estate circles, developers and investors were seen as waiting for the latest OZ guidelines before embarking on projects. Not so in South Florida.
The relatively robust market had emerging areas like the Miami River District and Delray Beach, and preliminary regulations were enough for some developers to embark on OZ projects before the Trump administration released another 169 pages of guidelines last week.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
