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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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