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Canyon Partners Invests $29M in Vegas Opportunity Zone MF Dev
Canyon Partners Real Estate LLC provided $29.4 million of qualified opportunity zone equity under its new Opportunity Zone strategy in a joint venture with Aspen Heights Partners. The equity commitment will finance the ground-up development of a Class A, midrise multifamily project in the rapidly- growing Symphony Park district of Downtown Las Vegas.
The project will include 290 apartment units and roughly 4,300 square feet of retail space to be used as a full-service restaurant. The institutional-quality Symphony Park development will feature three and five-story buildings with a mix of studio, one and two-bedroom units, 12 two-level mezzanine loft units on the top floor, and 18 two-level townhome units on the ground floor with private access.
Aspen Heights’ Greg Henry says, “The Symphony Park district has so much to offer and we are proud to play a part. We look forward to delivering apartments and retail space that will complement the community.”
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