An article by Tom Acitelli that appeared in The New York Times on August 20, 2019, may be of interest to investors and developers. “How Opportunity Zones and Co-Working Spaces Joined Forces” tackles an issue that some developers are encountering: “Opportunity zones were created to spur development in distressed neighborhoods, but developers in some areas are struggling to find tenants for their new properties.”

As noted in the article, “Co-working spaces are a natural draw, enticing start-ups and established companies looking for short-term, flexible office space. Marry the investment via the zones with such entrepreneurial spirit, and the co-working spaces can help incubate the economic turnaround the distressed areas need.”

Of interest is that New Orleans-based co-working operator, Launch Pad is “raising an opportunity zone-focused venture fund to invest in companies in those zones, including in firms that might not be leasing space from Launch Pad.”

Read How Opportunity Zones and Co-Working Spaces Joined Forces >>

Opportunity Zone Regulations

For more information on opportunity zone regulations as well as links to LED’s new opportunity zone web portal and other Louisiana resources, check out the following articles:

Investors: Opportunity Zones Update >>

Getting into the Zone: New Guidance on Opportunity Zones >>

Filed under: Commercial Real Estate, Development, Zoning and Land Use, Industry News, Real Estate Financing
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