Read the news, strategies, insights and feature articles we are compiling about one of the biggest developments in CRE in recent years: Opportunity Zones.
While community uplift is overall the top priority, with 76% of those surveyed believe the nation is not acting strongly enough to uplift underserved and low-income communities, and tax incentives bring an added layer of appeal.
The fund, through its affiliated entities, plans to develop a 120-room hotel, operated under a nationally recognized brand, and a six-story, 144-unit apartment community at the site.
The estimated $400-million Tidewater Landing project in an opportunity zone on Pawtucket's waterfront will feature hundreds of thousands of square feet of new development, including a news sports complex that will be home to a professional soccer team
Woodforest National Bank created the Woodforest CEI-Boulos Opportunity Fund, a $20 million private real estate investment, targeting projects in the recently designated Opportunity Zones across its footprint.
Investments in Orange, Seminole, Lake, Osceola and Volusia counties will be given first priority; though other investments across Florida could also be considered.
The plans will support efforts to attract community-supported Opportunity Zone investments, build investment readiness, and help the respective communities to meet their goals for Opportunity Fund investment.