The Soleste Grand Central apartment tower will open in 2021 with 320 market-rate units and 40 affordably priced units.

"We are excited to announce our second QOZ fund, also specifically investing in MHCs located within Opportunity Zones. Our second QOF (Qualified Opportunity Fund) is a $15-million equity raise and is about 70% subscribed,” Hales says.

Concord Pacific, an urban residential developer, purchased the site at Minor Avenue and Stewart Street following its first foray, Seattle House, a mixed-use project adjacent to Amazon’s Spheres at 6th and Bell.

A plaintiff cannot go to federal court without first going to state court, but if the case is lost there, the claim will be barred in federal court; the court overruled the state-litigation requirement because “the court was simply confused” about how the takings clause works.