The eighteen story building will contain 250 market rate multifamily residential units, 150 senior affordable multifamily residential units, 19,000 square feet of street level retail and over 600 parking spaces.

HomeShare says it is the first co-living company to have moved in 2,000+ residents nationwide.

Late last month, Bridge Development Partners acquired the 304,428-square-foot complex from Sherm Realty Corp., an affiliate of Weston, FL-based Apotex Corp. for $38 million.

Developers should focus less on the benefit from the opportunity zone incentives and more on the overall return from investing in the property, says Jeff Monge, managing partner of Monge Capital.