Develop vacant land and run down structure into multifamily housing. Growth of existing OZ fund for higher liquidity to actively purchase adjoining plots of land for redevelopment.
Potential Market/Users:
This area is in high demand from a diverse group of individuals and families for its close proximity to downtown.
Potential Competitors:
There is active investors and investor groups targeting this area and other area close by for similar redevelopment.
Current Investors:
To be determined.