Lancaster Project
Our inaugural venture is unfolding in Lancaster's heart.
By late 2024, or spring 2025, expect 52 apartments tailored for working families and a 7,000 sqft. grocery store emphasizing healthy food options.
Experience a redefined urban living.
OZFund Project Update 9.11.24
OZFund Project Update 10.9.24
OZFund Project Update 11.6.24
Project Updates
Here are the Happenings from the Lancaster Project Site
Project Update - November 20, 2024
OZFund’s flagship project at 800 South Queen Street in Lancaster is moving quickly to reshape the landscape at this abandoned property site and enrich lives in this community. This project will be completed in the 2 nd quarter of 2025, with 52 beautifully design apartment units and a healthy grocery store on the first floor. Each apartment will feature a built-in washer/dryer and high-speed internet accessibility. Additionally, the residents will enjoy a roof-top garden space, community room, security monitoring, and free on-site parking.
Invest in the Heartbeat of Our Communities:
The OZFund Vision
Imagine a unique fusion where strategic investment meets genuine community transformation. Welcome to OZFund - a beacon for those seeking financial returns and lasting impact on the communities we cherish.
OZFund is a 'Qualified Opportunity Fund' (QOF), bridging private capital to dynamic community redevelopment. Our laser-focused mission? Reviving distressed properties nestled within Central Pennsylvania's ‘Opportunity Zones’ and the Mid-Atlantic regions. We don't just aim to build; we strive to transform – shaping spaces where America's working families can call home, and businesses can flourish.
Our journey has commenced on a resounding note with our flagship project in Lancaster's South Queen Street, an Opportunity Zone. We're carving a landmark with 52 meticulously designed apartments and a 6,700 sf Convenience/Grocery store.
Guiding our vision to reality is a respected, minority-owned multi-family builder, steering the ship as our project manager and construction specialist.
But Lancaster is merely the prelude to our grand symphony. With our eyes set firmly on the horizon, we've charted an ambitious course to launch ten transformative projects over the next decade. Each project is a step closer to reimagining and redefining the essence of community living across Central Pennsylvania and the Mid-Atlantic's heartland. With three more properties already earmarked for acquisition, our ambition scales beyond single projects. We're crafting a legacy.
This strategic diversity is our shield against unforeseen challenges, ensuring your investment is promising and robust.
But here's the clincher: OZFund isn't just an investment; it's a hedge against the tides of inflation. Our chosen markets have showcased rent surges that stand firm against inflation and overshadow it.
Dive into OZFund, where your investment is more than numbers. It's a story, a transformation, and a testament to the communities we rejuvenate. Please stand with us as we redefine landscapes, embark on a ten-fold journey, and etch a legacy of prosperity and growth.
Floor Plans
Overall First Floor
Overall Fourth Floor
Overall Second and Third Floor
Studio Apt.
1 Bedroom Apt.
2 Bedroom Apt. V1.
2 Bedroom Apt. V2.
2 Bedroom Apt. V3.
Features
Built In Washer/Dryer
Rooftop Garden/
Community Supported Agriculture Program
Community Room
Wheelchair Accessible and ADA Compliant
Security Monitoring
High Speed Communication
Renewable Energy/Solar
Free Parking
Sustainability Concept
The entire project will be designed with a commitment to environmental sustainability, and we will reduce unnecessary carbon emissions while maintaining the necessities to support a modern lifestyle.
In addition to implementing state-of-the-art clean energy technology, redevelopment plans will include a community rooftop garden from which tenants can participate in a community-supported agriculture (CSA) program.
At every project stage, these efforts require close cooperation of the Mayor and City Council, Lancaster City housing and community organizations, the design team, architects, engineers, and the community. The green building practice expands and complements the classical building design concerns of economy, utility, durability, and comfort.
A Decade of Ambition
OZFund's growth is anchored in a decade-long vision, focusing on federally qualified Opportunity Zones. Discover how we're set to transform communities over the next ten years.
OZFund: A Federally Qualified Opportunity Zone Fund
OZFund stands out as a Federally Qualified Opportunity Zone Fund. Unravel unique tax benefits and opportunities for those investing capital gains. Not just for capital gains, we welcome everyone to join our mission.
Interested?
Add your name to the list to be notified on when we are ready to list the apartments for lease.
Address
128 E Grant Street
Suite 103
Lancaster, PA 17602
© OZFund Inc., 2024
Contacts
717-715-0238
hello@ozfundteam.com
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Disclaimer
We filed with the Internal Revenue Service (“IRS”) to become a Qualified Opportunity Fund ("QOF"). There is no guarantee that any investor would be able to realize any particular tax results by investing in us. Internal Revenue Service guidance and Treasury Regulations have been provided, but there is still uncertainty regarding the Opportunity Zone program. Although the US Department of the Treasury has released guidance on the Tax Cuts and Jobs Act of 2017 ("TCJA"), there is no guarantee that the program's rules will not be changed. Each prospective investor should consult their tax advisors before investing in a QOF, including the OZFund.
OVERVIEW - The Tax Cuts and Jobs Act (TCJA) provides that, for investors who have rolled capital gains into an opportunity fund or invest in a QOF and hold that investment in the QOF for ten years or more, that any additional appreciation beyond the amount initially invested realized by such investor from liquidating such asset will not incur other federal capital gains taxes. However, each prospective investor should consult their tax advisors before investing in a QOF, including the OZFund. For IRS information, please go here. For IRS FAQs, please go here.
This website is not an offer to sell nor a solicitation to buy Securities. Our current confidential Private Placement Memorandum (“PPM”) can only do that. Investing in the OZFund is considered a speculative investment for Accredited Investors only, who can stand to lose their entire investment. The equity interests sold in this offering have not been approved or disapproved by the Securities and Exchange Commission or any state’s securities division. Nor has the Securities and Exchange Commission or any state securities department passed upon the accuracy or adequacy of the PPM or the disclosures provided therein.