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With first-quarter gross domestic product figures due April 26, the surprisingly strong retail report spurred economists to further increase projections.
The offering provides “an open canvas to developers for a multi-year phased development plan with a goal to jumpstart and stimulate redevelopment in the city's Urban Core,” the city states.
The mixed-use development will include 232 five-star hotel rooms, luxury for-sale residential units, approximately 10,000 square feet of retail space and a 368-space parking garage. Both the hotel and the for-sale residential units will be branded and operated by Four Seasons Hotels and Resorts.
Marc Wieder, a partner at accounting firm Anchin, points out ways Treasury's proposed Opportunity Zone regulations make real estate transactions easier.
Reinhart, the long-time general counsel for K. Hovnanian, will lead Brunelli's efforts to assist homebuilders and other developers, as well as buyers and tenants on mixed-use projects.