Chicago & Midwest + Midwest + Opportunity Zones | January 25, 2019

Jeffersonville Apartments Will Be Waypoint’s First QOZ Project

Waypoint Residential will develop the Walcott Jeffersonville, a Class A multifamily property in Jeffersonville, IN. The 214-unit project will be Boca Raton, FL-based Waypoint’s first development in a Qualified Opportunity Zone.

“The City of Jeffersonville’s revitalization strategy, in the broader context of a diverse and growing economy in the [Louisville] MSA, presented a compelling investment opportunity,” said Waypoint CEO Scott Lawlor. “It is a deal we had under contract before the opportunity zone designation, which is an added benefit.”

The project will be located directly across the street from the Big 4 Station Park, and will benefit from the ongoing revitalization of Jeffersonville’s downtown and waterfront, which includes new restaurants, bars, boutiques and the Riverfront floating amphitheater.

A mix of studio, one-bedroom and two-bedroom units is planned. Construction of the Walcott Jeffersonville is targeted for completion in mid-2020.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).