28 Petronelli OZ Fund LLC
|Fund Name||28 Petronelli OZ Fund LLC|
|Fund Manager or Organizer(s)||Concord Square Planning & Development, Inc.|
Commercial Real Estate, Multifamily Residential
|Additional Fund Details|
Plan to develop an Opportunity Zone building located at 28 Petronelli Way, Brockton, MA, into 18 market-rate rental housing apartments. The Property is located in the heart of downtown Brockton, next to the commuter rail station to Boston (35 minutes travel time). It will directly serve the rental housing needs of the Boston region’s growing economy. The building is a historic four-story brick structure with an elaborate Romanesque Revival façade. The project will enjoy historic and development tax credits. It will also contribute to and benefit from the City’s plan to completely change the downtown area's perception to that of a thriving, attractive place to live and do business. Today 500 new housing units have been built, are under construction, or about to be under construction. The majority are or will be market-rate units. A significant driver of this turnaround is the increasing demand for housing options near transit stations.
Concord Square Planning & Development, Inc. is a real estate development and planning firm specializing in smart growth and adaptive reuse projects. It has extensive experience developing, finance, constructing, and managing multifamily housing, particularly utilizing historic tax credits and the opportunity zone program. Also, Concord Square and Ted Carman, the company’s President, have supported regional development and housing efforts through consulting work for over fifty municipalities and private entities and have worked on major public policy issues.
The listings on this page are provided as a free service to potential community development funding recipients. The information contained on this page is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy securities. NCSHA does not provide investment advice, and these listings are not to be construed as a recommendation to engage in a transaction with a particular party.
The information above is based solely on information provided to NCSHA by the listed contact person for each company, and NCSHA is not responsible for any inaccurate or out-of-date information in these listings. Companies utilizing this free listing are solely responsible for obtaining necessary clearances from their compliance departments.
The information in this directory is provided “as is” without warranty of any kind. NCSHA does not accept responsibility or liability for the accuracy, content, completeness, or reliability of the information contained herein.
NCSHA will not be liable for any loss or damage that may arise as a result of the use of the information contained herein. This directory provides direct links to websites owned by other parties. The content of such sites is not within NCSHA’s control; NCSHA cannot take responsibility for the information or content thereon.
NCSHA will continue to update the directory as it becomes aware of new funds or changes to the information listed on ncsha.org.