Here is the text for those that can't see it:
Regarding the photos I believe those are being posted here by a Lawrence Group employee that works on site. The BJ is likely just using whatever photos their staff photographers have on file from their last tour of the place instead of trying to track down the rights to someone else's work.City Foundry's opportunity zone fund has raised $50 million for the Midtown development. CliftonLarsonAllen Wealth Advisors oversaw the capital raise for the fund, which launched earlier this year. The $210 million first phase of City Foundry includes roughly 122,000 square feet of restaurant and entertainment space, 105,000 square feet of retail and 107,000 square feet of office space. The development is set to open in the spring of 2020. Steve Smith, principal owner of City Foundry and founder and CEO of Lawrence Group, said he has closed out the first fund with the $50 million raise and expects to go to market with a fund for the second phase of City Foundry sometime soon. He told the Business Journal in April that the response from investors he had seen then was encouraging enough that he was considering moving up the timeline for a residential portion of his development. “It’s a whole new source of capital that didn’t exist previously,” he said in a previous story. The opportunity zone program is a federal program meant to spur investment in low-income areas through breaks on capital gains for investors. Though the program holds promise, with many in real estate circles optimistic about the impact, local money managers are cautious. In addition to Smith, Midas Hospitality has raised $35 million for its opportunity zone fund. The local hotelier has two projects in opportunity zones, both hotel projects in the Midtown area.
