Holliday Fenoglio Fowler, L.P. (“HFF”) has been exclusively retained to arrange the fee simple sale of Allure at Harbor Point (the “Property”, or “Investment”), a 435-unit, under construction, luxury residential apartment building located in the highly desirable Harbor Point submarket, the master-planned residential community developed by Building and Land Technology “BLT”, within Stamford, Connecticut. The Property is located within the Qualified Opportunity Zone (“QOZ”) tract of Stamford – the submarket is a unique QOZ with exceptional demographics and express access to Manhattan via Metro North and to Boston-NYC-Philadelphia via Amtrak. Both the City of Stamford and the State of Connecticut have reaffirmed their commitment to improving infrastructure and encouraging private investment within the submarket. The Investment represents one of the first QOZ-eligible, substantially completed assets of scale brought to market in the United States. The high-rise development is set to deliver and begin leasing in Q4 2019 and will be put into its “original use” by the purchasing qualified opportunity fund investor preserving QOZ eligibility. The Investment represents an opportunity to acquire a premium luxury rental building in a vibrant, growing neighborhood prior to lease-up, maintaining the investor’s ability to leverage the Qualified Opportunity Zone tax benefits. The Property is nearing completion, presenting an outsized risk-adjusted investment opportunity for a Qualified Opportunity Fund to deploy capital prior to the end of 2019, capitalizing on the full tax benefit of the program.
If you are interested in obtaining more information from HFF, please execute the confidentiality agreement below. HFF will review the signed agreement and contact you as soon as possible.