Argosy Real Estate Partners, in partnership with CW Urban, has acquired a 0.34-acre parcel for the development of a 61-unit, class A multifamily property with ground-floor retail located in downtown Salt Lake City.
The transaction provides the opportunity to invest within the downtown core of one of the fastest growing metropolitan areas in the United States, while obtaining the benefits of investing within a Qualified Opportunity Zone (QOZ).
The Birdie will consist of a six-story luxury apartment building located in the heart of downtown, within walking distance of numerous restaurants and bars, entertainment venues, grocery stores, employment centers, and Vivint Arena. The development is fully entitled and will contain 61 units, with an average unit size of 791 square feet. Construction is anticipated to commence by July
