Sixty West Funds to develop $70M mixed-use Community: “Waldo’s Old Fourth Ward”

Sixty West Funds first Opportunity Fund is set to develop close to 200,000 SF in Atlanta’s popular Old Fourth Ward neighborhood. The aptly named Old Fourth Ward Opportunity Fund is one of the nation’s first Qualified Opportunity Zone funds offering investors the ability to benefit from the program’s tax incentives. 

The planned development is an urban infill, master planned, mixed-use development featuring hotel, office, and retail opportunity set to include:
+ 108,099 RSF, 116,235 GSF of Office (7 stories)
+ 39,915 RSF, 52,421 GSF of Hotel (125 keys at 315 SF per key)
+ 12,246 RSF, 13,168 GSF of Retail
+ 230 Parking Spaces On-site

“Transcendentalism forefather and poet Ralph Waldo Emerson’s legacy could soon be immortalized in the form of large-scale development in Atlanta’s Old Fourth Ward.

A proposed $70 million mixed-use community, “Waldo’s Old Fourth Ward,” promises residences, retail, office space, and a hotel sited on the neighborhood’s Boulevard corridor, just south of Edgewood Avenue.Until recently, the Lucror Resources project was being marketed without a name.

Now, officials say the development, the first major construction project planned for the immediate area in at least a decade, endeavors to encapsulate the idea behind a famous Emerson quote: “Insist on yourself: Never imitate.”

Read the full Curbed Atlanta article HERE.

Learn More about Sixty West Funds and the creation of the Old Fourth Ward Opportunity Fund HERE.