Half the battle is recognizing that urban development requires a partnership between the community and the developer. The mayor understands the breadth of the agendas of both the public and private sectors. |
Our investment thesis is pretty simple: We focus on densely populated, ethnically diverse communities that have an existing mismatch between supply and demand of community-serving retail and affordable housing. |
This sale demonstrates that State Place and the surrounding community are thriving. As investors in urban areas, we look for exactly this type of opportunity to turn a dilapidated building into a high-quality mixed-use development that transforms the neighborhood. |
We believe it's a tremendous asset with tremendous upside. |