Opportunity Zone Magazine Volume 1, Issue 3 | Page 9

9 Opportunity Zone Projects CURRENT PROJECTS Heritage Point at Canalside 130 Main St, Buffalo NY Project Type: Ground-Up Completion: Spring 2022 Structural Size: 101,508 SF Residential Units: 64 Commercial SF: 22,736 Elmwood Crossing 451 Elmwood Ave, Buffalo NY Project Type: Ground-Up Completion: 2023 Structural Size: 81,106 SF Residential Units: 23 Commercial SF: 32,108 Downtown Erie, PA 426 State Street, Erie PA Project Type: Multi-Building Completion: Q4 2022 Structural Size: 477,262 SF Residential Units: 154 Commercial SF: 247,234 Find more on SinatraAndCompany.com Federal tax incentives include a 10-year deferral of taxable income on capital gains reinvested, up to 15% step-up basis on capital gains reinvested in an Opportunity Zone, and a permanent exclusion from taxable income of capital gains from the sale or exchange in an opportunity zone fund if investment is held for at least 10 years. Ready to get started or have questions? Call 716-220-8468 to speak with us today. OPPORTUNITYZONE.COM