Opportunity Zone Magazine Volume 1, Issue 3 - Page 9
9
Opportunity Zone Projects
CURRENT PROJECTS
Heritage Point at Canalside
130 Main St, Buffalo NY
Project Type: Ground-Up
Completion: Spring 2022
Structural Size: 101,508 SF
Residential Units: 64
Commercial SF: 22,736
Elmwood Crossing
451 Elmwood Ave, Buffalo NY
Project Type: Ground-Up
Completion: 2023
Structural Size: 81,106 SF
Residential Units: 23
Commercial SF: 32,108
Downtown Erie, PA
426 State Street, Erie PA
Project Type: Multi-Building
Completion: Q4 2022
Structural Size: 477,262 SF
Residential Units: 154
Commercial SF: 247,234
Find more on SinatraAndCompany.com
Federal tax incentives include a 10-year deferral of taxable income on capital gains
reinvested, up to 15% step-up basis on capital gains reinvested in an Opportunity
Zone, and a permanent exclusion from taxable income of capital gains from the sale
or exchange in an opportunity zone fund if investment is held for at least 10 years.
Ready to get started or have questions?
Call 716-220-8468 to speak with us today.
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