The most developed opportunity zones in Texas

Texas is home to some of the most economically-distressed communities in the country, but these areas also offer tremendous potential for growth and development. In an effort to drive investment and revitalization in these areas, the U.S. government has designated certain communities as Opportunity Zones.

Opportunity Zones were created as a result of the Tax Cuts and Jobs Act of 2017 and offer tax benefits to investors who invest in real estate and business development in these areas. The goal of the program is to encourage long-term investment in communities that are in need of revitalization and to provide economic benefits for both investors and residents.

So, which Opportunity Zones in Texas have seen the most development and investment? Let’s take a closer look at five of the most developed Opportunity Zones in the state.

Houston’s East End

Houston’s East End is one of the most historic neighborhoods in the city and has long been a hub of cultural and economic activity. In recent years, the area has seen a resurgence of investment and development, much of it driven by the Opportunity Zone program.

One of the most notable developments in the East End is the redevelopment of the former Sears building into a mixed-use development that will include residential, commercial, and office space. The project is expected to bring new jobs, retail, and dining options to the area and will help to further revitalize the neighborhood.

Austin’s East Riverside

Austin’s East Riverside is a rapidly growing neighborhood that has seen significant investment in recent years, including several Opportunity Zone projects. The area is home to a diverse range of businesses, including tech startups, creative agencies, and co-working spaces. Neighborhoods in the East Riverside corridor include Montopolis, East Oltorf and Parker Lane, all of which have been identified as key investment tracts for Liquid’s OZ Fund. 

One of the most notable Opportunity Zone developments in the East Riverside is a new mixed-use project that will include residential, commercial, and office space. The project is expected to bring new jobs and economic activity to the area, helping to further drive growth and revitalization in the neighborhood.

San Antonio’s East Side

San Antonio’s East Side is one of the city’s oldest and most historic neighborhoods, and it is also one of the most economically-distressed areas in the city. In recent years, the area has seen a surge of investment and development, much of it driven by the Opportunity Zone program.

One of the most notable Opportunity Zone projects in the East Side is the redevelopment of a former industrial site into a mixed-use development that will include residential, commercial, and office space. The project is expected to bring new jobs and economic activity to the area and will help to further revitalize the neighborhood.

Dallas’ West End

Dallas’ West End is a historic neighborhood that has long been a hub of cultural and economic activity. In recent years, the area has seen a resurgence of investment and development, much of it driven by the Opportunity Zone program.

One of the most notable Opportunity Zone developments in the West End is the redevelopment of a former industrial site into a mixed-use development that will include residential, commercial, and office space. The project is expected to bring new jobs and economic activity to the area and will help to further revitalize the neighborhood.

Fort Worth’s South Side

Fort Worth’s South Side is a rapidly growing neighborhood that has seen significant investment in recent years, including several Opportunity Zone projects. The area is home to a diverse range of businesses, including tech startups, creative agencies, and co-working spaces.

One of the most notable Opportunity Zone developments in the South Side is a new mixed-use project that will include residential, commercial, and office space.