Property Description

3.0 UNIVERSITY PLACE*

PHILADELPHIA, PA

  • Expected to consist of approximately 246,000 rentable square feet across eight-stories of lab and office space in University City, Philadelphia.
  • State-of-the-art, pre-certified LEED Platinum v4 building created with a focus on environmental sustainability, energy efficiency, and occupier wellness and productivity. The project is designed with innovative features, including View® dynamic windows.

 

THE APEX @ MEADOWS*

LAS VEGAS, NV

  • Two, five-story buildings featuring 334 studio, one-and two-bedroom units averaging 776 square feet.
  • Amenities include a clubhouse, two swimming pools, fitness center, and two recreational areas.

 

NORTHERN BOULEVARD*

ASTORIA, QUEENS, NY

  • Expected to consist of 354 residential units with approximately 29,000 square feet of ground floor retail, 18,000 square feet of amenity space and a garage with 220 parking spaces.

 

420 CARROLL STREET*

BROOKLYN, NY

  • Anticipated to consist of two high-rise multifamily buildings containing 360 units with 25% of the units targeted to be affordable. The property is expected to benefit from a 35-year tax abatement under the Affordable Housing New York Program (or Affordable New York).

 

If you are interested in receiving more information on this opportunity zone, please email info@privatecapitalhq.com

Property Type

Multifamily

Structure

Opportunity
Zone

Cantor Silverstein
Opportunity Zone Trust II

AZ, FL, NV, NY, PA, WA

Remaining Availability

50% Remaining
Total Funds
$250,000,000
Remaining Availability
$125,000,000
Minimum Investment
$100K
Funded To Date
$125,000,000
Est. Hold Period
10+ Years
Leverage
60%
Equity Raise
$250,000,000
Price/SF or Price/Unit
See PPM

For More Details

 
 
 

Location Details

 
 
 

Population

See PPM

Population Growth

See PPM

About The Area

3.0 UNIVERSITY PLACE*

PHILADELPHIA, PA

  • Located in University City, the center of Philadelphia’s healthcare and education employment sectors, as well as its rapidly growing life science and biotech industries. The project is conveniently accessible via public transportation with the 40th Street station 0.2 miles away.
  • With University City life science vacancy rates close to 0%,1 life science tenants searching for available lab space are expected to extend west to remain within the University City market in proximity to existing hospitals and universities.

 

THE APEX @ MEADOWS*

LAS VEGAS, NV

  • Located proximate to U.S. 95, providing convenient access to the greater Las Vegas metroplex. • Downtown Las Vegas is undergoing revitalization driven by public-private development and significant commercial investment.
  • The nearby medical district is expected to reach 24,000 employees by 2030, creating organic demand for housing.

 

NORTHERN BOULEVARD*

ASTORIA, QUEENS, NY

  • Located in Astoria, a large middle class and commercial neighborhood in the northwestern corner of Queens. Set alongside the East River, Astoria has seen a recent revival with widespread development of its waterfront property.
  • Proximate to Innovation QNS, a master planned five-block, 2.9 million square foot mixed-income housing community to be developed by Silverstein. Innovation QNS would include 200,000 square feet for retail and 250,000 square feet of office space for creative industries, startups, and small businesses helping to stabilize the long-term vision for the project as an anchor residential building in Astoria on Northern Boulevard.
  • Convenient access to both the US I-278 and I-495 and several mass transit options available, allowing for accessibility around the greater New York area and to major employment and entertainment centers.

 

420 CARROLL STREET*

BROOKLYN, NY

  • The two-tower design creates a pedestrian corridor running from Carroll Street through to the project’s public space along the First Street Turning Basin of the Gowanus Canal to create a walkable, park-like setting with waterfront access on two sides of the property.
  • Both towers are expected to include ground floor retail, indoor amenity spaces, and numerous community decks and terraces. The west tower is expected to include office space on its second and third floors. The project is designed for energy and resource efficiency targeting LEED Gold certification.

 

Sponsor

Cantor Fitzgerald is an American financial services firm that was founded in 1945. It specializes in institutional equity, fixed income sales and trading, and serving the middle market with investment banking services, prime brokerage, and commercial real estate financing.