Development momentum in the East Riverside Drive corridor just keeps building. River City Capital Partners LLC plans a mixed-use development at 6400 E. Riverside Dr. called Urban East. It will feature 100,000 square feet of office space, 20,000 square feet of retail and 375 apartment units averaging about 850 square feet. It will also include […]
Texas is flush with opportunity zones, compared with much of U.S.
Only 13 states have a higher percentage of opportunity zones than Texas, according to a recent analysis by American City Business Journals. To read full article, CLICK HERE.
Land of opportunity (zones): Clock is ticking to make the most of economic incentives for development
Opportunity zones are the federal government’s attempt to spur economic development in low-income census tracts, but they’re also a new way for investors to significantly cut and delay their tax bill from reinvesting capital gains. Here’s what the experts really think about opportunity zones. To read full article, CLICK HERE.
Opportunity Zone Land Scooped Up Near Samsung
The opportunity zone specialists at River City Capital Partners LLC have closed on a new acquisition in Northeast Austin near major employers and budding neighborhoods. The 69-acre opportunity zone tract is located on undeveloped land at the intersection of East Yager Lane and East Parmer Lane, just a stone’s throw away from Samsung Austin Semiconductor’s […]
Huge Changes On East Austins Horizon
Austin’s east side is changing by the day. It’s a playground for developers big and small, the subject of Austin’s gentrification discussions and has offered some of the best real estate investment opportunities in the past decade. To read full article, CLICK HERE.
Austin’s opportunity zones expected to see increased investment, development in 2020
Real estate professionals and the investment community expect development activity to increase in the 21 census tracts in the Austin area that qualify as federal opportunity zones. Those zones, created as part of the 2017 federal tax cut, were designed to promote investment in distressed communities and adjacent tracts by allowing investors to reduce or delay […]