DPR Investments Makes State’s First Opportunity Zone Acquisition
DPR Investments acquired 9.4 acres in the 1,308-acre, mixed-use Brooks development in southern San Antonio. The developer, also headquartered in San Antonio, secured Texas’ first Opportunity Zone investment, and is planning to develop a climate-controlled, self-storage facility, along with flex space for small businesses.
DPR Investments is planning to break ground on the $16 million project, on City Base Landing, in fall 2019. “The opportunities that exist at Brooks are unbelievable. There is great potential for what we can do, and the Opportunity Zone designation provides a real incentive to invest” said DPR owner Jimmy Day.
Brooks is one of 24 designated Opportunity Zones in Bexar County. “Our Opportunity Zone designation gives us yet another incentive as we continue to attract quality investors, like DPR Investments, to the south side,” said Brooks’ Leo Gomez.
Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.
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