The recent IDA approvals come at a time when the city is at odds with the county's union building trades.

“The Opportunity Zone program appears to be attracting significant amounts of capital, and many investors we have spoken to have mentioned multifamily as perhaps the best property segment for investment under the program."

Evergreen's lease will positively impact the value of an already-valuable building in a rapidly appreciating market as most of the tenant demand in this area comes from industrial, flex or light industrial users.