The city of Atlanta currently has four opportunity zone projects taking shape inside of the city’s I-285 perimeter. Of the states 260 designated opportunity zones, only a few are located within the metro area. So far the city’s economic development authority, Invest Atlanta, has listed only four projects ready to break ground.
Over the last 8 years, Invest Atlanta has helped create 51,854 jobs, 5,840 affordable housing units, and over $21 B in economic impact throughout the Atlanta metropolitan area. In 2015, Invest Atlanta reached a key milestone by becoming the first economic development agency in the State of Georgia and one of only three in the Southeast to be designated as an Accredited Economic Development Organization by the International Economic Development Council (IEDC), one of the highest honors in the industry.
Among those listed by the city is the Sixty West O4W Opportunity Fund. The $80 M O4W mixed-use project is set to break ground later this year and include office, retail, and hotel space onsite. The hotel component has been flagged by Hilton to debut their new MOTTO by Hilton brand, a micro-hotel aimed at the millennial demographic. additional retailers and office tenants are still to be determined but may include restaurants, breweries, and local retail businesses.
Sixty West Funds is dedicated to offering the ability to benefit from the Opportunity Zone Programs tax incentives, as well as create positive impact throughout the communities we build in.
Learn More about the Sixty West O4W Opportunity Fund HERE.
Learn More about Invest Atlanta and their Opportunity Zone division, lead by Ed Smith, Ph.D., HERE.