
Revitate Opens Phase I of Charleston Opportunity Zone Development
Revitate recently celebrated the opening of the Morrison Yard opportunity zone development with business and community leaders. Alex Bhathal and his Revitate Co-Founder Lisa Merage invested in Morrison Yard via RevOZ Capital, an opportunity zone investment platform they co-founded in 2019 with Cress Capital that completed its investments in 2022.
Located at 838 Morrison Drive in a federally designated Qualified Opportunity Zone (QOZ), the property features 380 upgraded multifamily rental units and approximately 27,250 square feet of ground-floor retail space. The development also brings economic stimulation and social revitalization to an emerging neighborhood known as North Morrison or “NoMo,” that was formerly dedicated to industrial businesses serving the nearby port.
The newly completed phase I apartments, Morrison Yard Residences, were delivered by Woodfield Development.
- ◦Development