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The management company's first OZ fund— Opportunity Zone Fund I—has a target to raise $10 million from inventors and is set to launch in late 2019. The firm hopes to secure its first acquisition in January 2020.
As co-developers, Boston Global Investors, Eagle Development Partners of Stoneham, MA, EDGE and The Cogsville Group of New York City form the general partnership of the project, each contributing what the partnership terms as “significant capital.”
Cancer researcher Arie Belldegrun's Bellco Capital has joined the New York-based real estate firm to form a life science real estate company, named Breakthrough Properties.
The 33-story mixed-use project at 40 Trinity Place in Boston's Back Bay upon completion will feature 147 hotel rooms and 146 residential units, as well as multiple amenities and dining options.
Another major project to secure agency approval was Pembroke's ambitious Commonwealth Pier Revitalization Project that will transform the Seaport World Trade Center at 200 Seaport Blvd., into a vibrant, multi-use environment.