Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or “we,” “us” or “our”), the first publicly traded qualified opportunity fund, today announced that construction is underway on a brand new 269-unit development located at 902-1020 First Avenue North in St. Petersburg, Florida (“1000 First”). This exciting new development will be the latest addition to the thriving St. Petersburg community and will feature a wide variety of studio, one-bedroom, two-bedroom, and three-bedroom apartment homes.
With approximately 15,500 square feet of retail space and standing at an impressive 15-stories tall, this development promises to offer residents an unparalleled living experience. The complex will feature a club room, fitness center, and swimming pool, providing a luxurious and comfortable living environment.
“We are thrilled that construction is underway on this exciting new project in St. Petersburg,” said Belpointe OZ’s CEO, Brandon Lacoff. “This development will offer residents the perfect blend of luxury and convenience, with easy access to shopping, dining, and entertainment options. We are excited to see this project come to life and to contribute to the growth and development of the St. Petersburg community.”
The St. Petersburg area is home to more than 20 corporate headquarters, and Belpointe OZ believes that this new development is sure to provide expansion options to both businesses and residents in the area. With its prime location and extensive amenities, we expect 1000 First to be a highly sought-after living destination for those looking to enjoy the best of what St. Petersburg has to offer.
Belpointe OZ is committed to delivering high-quality, innovative developments that meet the needs and expectations of residents and businesses alike. For more information about Belpointe OZ and its latest development project.
( This news/press release has not been altered by investment.net, apart from the headline, and has been obtained from a syndicated source:- https://www.globenewswire.com/news-release/2023/06/15/2689360/0/en/Belpointe-OZ-Breaks-Ground-on-269-Unit-Development-in-St-Petersburg-Florida.html)