Opportunity Zones News

Odd Fellows Hall in Augusta, Maine

Redevelopment in Augusta, ME may be the first opportunity zone project

The redevelopment of Odd Fellows Hall at 333 Water Street in downtown Augusta, ME is believed to be the first opportunity zone project in the United States. According to Mainebiz’s correspondence with Jason Richardson, director of research and evaluation for the National Community Reinvestment Coalition: “We have heard about people getting the funds set up,

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Downtown Bremerton, WA

Sound West Realty Capital launches in Seattle

Property developer and asset management firm Sound West Group has announced the launch of Sound West Realty Capital, an investment firm focused on qualified opportunity zone funds. Their first program — Sound West OZ Fund I — will be available for investment in September 2018. That fund will be a multi-class project in the greater

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Brooklyn Bridge

RXR Realty launches $500 million opportunity fund

RXR Realty is raising $500 million for an the RXR Realty Opportunity Zone Fund, which will invest in residential, retail, commercial, and mixed-use properties in and around New York City. Included in the plans are a $170 million development in downtown New Rochelle with 354 residential units and 13,000 square feet of retail space; an

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Woodlawn, Birmingham, Alabama

Alabama opportunity zones case studies: Birmingham and Huntsville

Public sector publication Route Fifty recently spent time in Birmingham and Huntsville, in an attempt to figure out if the new opportunity zones program can revitalize these struggling communities. Local leaders in these two cities see both promise of investment and risks of resident displacement. In Birmingham’s Woodlawn neighborhood, nonprofit Woodlawn Foundation worked behind the

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