Sixty West Funds held their first Opportunity Zone Meeting this week, Tuesday, May 21. The event included attendees ranging from CPAs, RIAs, Broker Dealers, and family office representatives.
The event focused on Opportunity Zone basics and featured Sixty West Funds current Old Fourth Ward offering. Sixty West Funds COO Amy Kelly spoke during the Sixty West Funds: Overview, Underwriting Process, Approach, and Development portion of the meeting. Managing Director of Development Oz Friedmann spoke as well, highlighting Sixty West Funds $850+ M targeted properties pipeline. Sixty West Funds is currently targeting fast growing and dynamic markets such as Los Angeles, Asheville, Salt Lake City, Seattle, and more.
Arun Nijhawan of Lucror Resources also spoke at the event providing insight into the Old Fourth Ward mixed-use development itself. The project leverages the “shared economy,” integrating multiple real estate components to create one live, work, play environment centered around tenant and resident enjoyment. The planned development includes:
- 108,099 RSF, 116,235 GSF of Office (7 stories)
- 39,915 RSF, 52,421 GSF of Hotel (125 keys)
- 12,246 RSF, 13,168 GSF of Retail
- 275 Parking Spaces On-site
Once completed, the project will be the first Opportunity Zone development in the Metro Atlanta area, and one of the nation’s first Qualified Opportunity Zone Funds.
The event concluded with catered lunch, and a property site tour of the Old Fourth Ward development and surrounding neighborhood, Atlanta BeltLine, and Sixty West Funds offices. The event was held at the Hyatt Centric Midtown Atlanta, located at 125 10th Street NE, Atlanta, GA 30309.
Interested in attending the next event? Email us at info@sixtywestfunds.com
Learn More about the Sixty West Funds team and the Old Fourth Ward Opportunity Fund HERE.
