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Youngwoo starts office, hotel development in Washington Heights Opportunity Zone

The property is located in a Qualified Opportunity Zone and is one of the first development projects in an Opportunity Zone commencing construction in the country

The 22-story, 295 ft. building, on Amsterdam Avenue between 180th and 181st Streets, (rendering top) includes a 155,000 s/f Class-A office tower, a 221-key boutique hotel, and 8,000 s/fof ground floor retail space.

[...]

“My hope is that this building will become a great source of pride for the Washington Heights community and a gathering place for local residents and their guests,” said Woo. “Washington Heights has long been overdue for such a project both in terms of design aesthetics and the creation of new and vibrant space. We believe this project will be a catalyst for positive change to encourage further contextual development.”
 

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Funny. As a first generation of the so-called Opportunity Zone crony-capitalist tax scam, we should expect cries and screams from various groups bemoaning how this sort of ugliness is being pawned off on the poor and underprivileged.
 
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