#554: Inside an $80M Development Project Budget Breakdown

Join Chris Lopez and developer Adam Fenton as they break down the complex underwriting of a 183-unit Class A mixed-use development in downtown Colorado Springs that offers exceptional Qualified Opportunity Zone tax benefits. This in-depth analysis reveals how the $72.5 million project's soft costs are structured, including architectural fees, permitting, legal expenses, and FF&E allocations, while explaining why building during a real estate recession phase positions investors to capitalize on future market upswings. Discover why QOZ investments can provide significant advantages over traditional 1031 exchanges, allowing investors to defer capital gains temporarily while potentially eliminating taxes on appreciation after the 10-year holding period—perfect for real estate investors looking to redeploy capital from underperforming assets into higher-growth opportunities.