When a development duo bought a vacant Miami site two years ago, it was a gamble to bet an opportunity zone fund would step in to help bankroll a project. But TSG Group and Linéaire Group won the wager, as Bridge Investment Group opportunity zone fund is now a partner in the Wynwood Haus multifamily tower. Bridge Investment, a real estate investment manager with South Florida holdings, started its own OZ fund after the 2017 Tax Cuts and Jobs Act created the concept. It's meant to incentivize real estate and business investment in economically stagnating areas by allowing investors to defer and reduce their taxes. Wynwood Haus will be a 20-story, 224-unit apartment tower with 5,500 square feet of ground-floor commercial space. Construction is to start by April. It will rise on a six-lot property at 1765 North Miami Ave., just south of Miami City Cemetery. TSG, based in Coral Gables, and Linéaire, based in Miami, acquired the land for $5.9 million in 2019, betting an OZ fund would partner with them.

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