OZ MAGAZINE 2022 Top 25 Influencers issue 2.2 | Page 116
116 OPPORTUNITY ZONE MAGAZINE | ISSUE 2 • VOLUME 2
SANDSTONE PARTNERS WINS AMERICA ’ S MOST IMPACTFUL
PROJECT IN DENVER
By Opportunity Zone Magazine Staff
David Kessler , founder and CEO of Sandstone Partners LLC , talks about his company ’ s plan to build a retrochic boutique hotel , The McKinstry , a redevelopment project that became the co-winner of America ’ s Most Impactful Project award at the Opportunity Zone Expo in Denver . With over 19 years of real estate investment and development experience , Kessler shares insight into the story behind the project , the company ’ s mission and goals , as well as his expectations regarding the future of the Opportunity Zones program .
CAN YOU PLEASE TELL US ABOUT YOUR PROJECT THAT WON AMERICA ' S MOST IMPACTFUL PROJECT IN DENVER ?
We purchased a 15,000 square foot vacant mansion that was built in 1835 and sits on a half acre corner lot in the heart of Hudson , New York , which is known as " the downtown of upstate ." We are redeveloping and expanding it into a 55- key , 35,000-square-foot independent boutique hotel with extensive amenities . With only 204 rooms in the market yet over 200,000 tourists per year , the Hudson hospitality market is thriving yet underserved .
WHAT DO YOU HOPE TO ACHIEVE WITH YOUR PROJECT ?
Our mission statement is that we seek to improve the environment in which we live , work , and play , generating exceptional returns for our stakeholders and partners , while creating value for the community at large by executing business plans that neighbors value and embrace , which is true for this project .
With the development of The McKinstry , we hope to create a significant number of new full-time job opportunities for local residents , partner with local small businesses , fill a need