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While HUD estimates that opportunity zones could spur as much as $100 billion a year in investments, evidence suggests this is far from being realized, so new rules seek to clear up the confusion that was holding investors back.
JAKO leased the property to accommodate expansion. Since opening its first location in Philadelphia, the firm has expanded to more than 50 locations on the east coast.
“This infill market's high barriers to entry and tight supply dynamics combined with the property's connectivity to downtown and the broader region make it highly desirable for regional tenants," says Brodie Ruland of ASB.
One of Procida's earliest investors was Abdul Qayum, the grandfather of Omar Khan, left, who has just joined the Procida firm. The two are holding Qayum's original brochure, which Procida still keeps in his office.
Several factors contribute to the positive fundamentals and attraction to Plantation; most notably, the increased density being provided for by city planners.
“Given Florida's maturity as a worldwide economic powerhouse in recent years, we have a unique opportunity to lead and chart a path to help Florida become that 'It' State—the place where dynamic and exciting innovations lead the way,” says Chris Corr, Florida Council of 100 Chair.