On behalf of Ownership, CBRE, Inc. is pleased to present to qualified investors the opportunity to acquire the fee simple interest in Avenue V, a vacant parcel of land located in a Qualified Opportunity Zone (“QOZ”) in the Olde Kensington neighborhood of Philadelphia. Avenue V is fully approved for 147 apartments and 4 commercial spaces and is shovel-ready for an eager Qualified Opportunity Fund owner to break ground. Current ownership is offering a competitive Gross Maximum Price (“GMP”) to complete the construction of the deal as General Contractor (“GC”) after the sale of the land to deliver a turnkey property per their approved plans. Each individual unit at the property will be recognized as an individual condominium unit, which provides investors a wealth of options when considering ultimate exit strategies.
