Cresset-Diversified QOZFund and Hines have announced plans tobuild North Wynkoop, a 10-story, 392-unit apartment complex inDenver's North River neighborhood, a designated opportunity zone.The project will be one of the first opportunity zone projects inthe Denver market.

The North River area, or RiNo as it is called, is a growingcultural hub in Denver and has light rail access. North Wynkoop ispart of a larger area redevelopment plan for the submarket thatincludes a hotel, event center and office building. Construction ofNorth Wynkoop will begin in early 2020.

The Cresset-Diversified QOZ Fund is a $500 million fund focusedon investing in QOZs. North Wynkoop is the second project in thefund.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Denver
Multifamily
Opportunity Zones
Capital Markets
Development
West