Cresset Real Estate Partners Announces Joint Venture with KETTLER & Darryl Shaw on Qualified Opportunity Zone Fund Investment [Yahoo! Finance]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Yahoo! Finance
CHICAGO May 14, 2024 /PRNewswire/ -- Cresset Real Estate Partners today announced the formation of a joint venture with KETTLER & Daryl Shaw to develop a 390-unit mid-rise apartment building in Tampa, Florida . The project is the latest development in Cresset's second Qualified Opportunity Zone fund, Cresset Diversified QOZ Fund II ("Fund II"). The development, located in the Ybor City neighborhood of Tampa , is less than one mile from the center of Downtown Tampa and boasts easy access to I-4, Selmon Crosstown Expressway, and I-275. Construction has already commenced with an anticipated completion of 3Q 2026. The project will include the aforementioned 390 units of luxury studios, one, and two-bedroom apartments in a seven-story building, totaling over 273,000 square feet of rentable area, with an additional 9,700 square feet of ground-floor commercial space. It will also have a seven-level parking garage with 482 parking spaces in total. Units will feature stainless steel app
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- 6/6/24 - Form 11-K
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