{"id":31427,"date":"2025-11-03T16:32:13","date_gmt":"2025-11-03T16:32:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/31427\/"},"modified":"2025-11-03T16:32:13","modified_gmt":"2025-11-03T16:32:13","slug":"ark-invest-and-ellison-development-to-launch-funds-anchored-by-historic-gas-plant-district-redevelopment","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/31427\/","title":{"rendered":"ARK Invest and Ellison Development to launch funds anchored by Historic Gas Plant District redevelopment"},"content":{"rendered":"<p class=\"\" style=\"white-space:pre-wrap;\"><a href=\"https:\/\/www.ark-invest.com\/\" target=\"_blank\" rel=\"nofollow noopener\">ARK Invest<\/a> and <a href=\"https:\/\/www.ellisondevelopment.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Ellison Development <\/a>have announced plans to launch two private real estate funds that would invest in innovation-forward projects across the Tampa Bay region, including <a href=\"https:\/\/stpeterising.com\/home\/massive-68-billion-redevelopment-of-the-tropicana-field-site-proposed-by-group-of-local-leaders\" target=\"_blank\" rel=\"nofollow noopener\">the proposed redevelopment of the Historic Gas Plant District<\/a> in downtown St. Pete.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">According to a joint announcement, the ARK Ellison Urban Innovation Fund would target accredited investors while the ARK Ellison Community Growth Fund would allow non-accredited investors to participate.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">The ARK Ellison Urban Innovation Fund will be partially structured as <a href=\"https:\/\/www.irs.gov\/credits-deductions\/businesses\/invest-in-a-qualified-opportunity-fund\" target=\"_blank\" rel=\"nofollow noopener\">a Qualified Opportunity Zone Fund<\/a>, making it eligible to invest in projects located within federally designated Opportunity Zones such as the Historic Gas Plant District. <\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">The fund is described as having a long-term investment horizon with periodic liquidity and a diversified pipeline of approximately $9 billion in mixed-use, innovation-focused projects throughout Tampa Bay.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">The ARK Ellison Community Growth Fund, meanwhile, would focus exclusively on the 95-acre redevelopment of the Historic Gas Plant District. The companies say participation would be available through digital platforms that utilize blockchain technology to provide transparency and record-keeping. Minimum investments are expected to start at $500.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">ARK Invest, an SEC-registered investment adviser led by CEO Cathie Wood, will serve as investment manager. Ellison Development would oversee project execution and delivery. <\/p>\n","protected":false},"excerpt":{"rendered":"ARK Invest and Ellison Development have announced plans to launch two private real estate funds that would invest&hellip;\n","protected":false},"author":2,"featured_media":31428,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-31427","post","type-post","status-publish","format-standard","has-post-thumbnail","category-st-petersburg","tag-st-pete","tag-st-pete-headlines","tag-st-pete-news","tag-st-petersburg","tag-st-petersburg-headlines","tag-st-petersburg-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/31427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=31427"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/31427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/31428"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=31427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=31427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=31427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}