Opportunity Zones News Briefs - February 2024

The Apex at Meadows, a 334-apartment luxury multifamily property in Las Vegas, opened in late 2023. TRU Development, Cantor Fitzgerald and Silverstein Properties developed the site, which is in an opportunity zone (OZ) and financed, in part, through an investment from a qualified opportunity fund (QOF). Mack Real Estate Group provided a construction loan. The development started construction in 2021.

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A general contractor was selected in November 2023 to begin work on the Nussbaum Center for Entrepreneurship’s commercial kitchen endeavor in Greensboro, North Carolina. Hodgin Construction will build the site. The future commercial kitchen site is in a food desert and an OZ. Financing partners include Wells Fargo, First National Bank and Pinnacle Financial Partners, among others. Hodgin Construction plans to begin construction early this year.

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LaTerra Development broke ground in November 2023 on Bedrock at the Trails, a 344-home venture in Albuquerque, New Mexico. The site will host 199 townhomes and 145 single-family units. Revitate delivered a QOF investment. 

Journal Category:

Opportunity Zones

Authors:

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