Core Viewpoint - Belpointe PREP, LLC announced that its luxury multifamily development, VIV, in downtown St. Petersburg, Florida, has reached a significant milestone with 25% of its residential units leased, indicating strong demand in the local rental market [1][2][3]. Company Overview - Belpointe OZ is a publicly traded qualified opportunity fund listed on NYSE American under the symbol "OZ" and has over 2,000 units in its development pipeline across four cities, with a total project cost exceeding $1.0 billion [5]. Project Details - VIV is a premier mixed-use development designed for modern living, featuring residential units, state-of-the-art amenities, and retail spaces, strategically located near dining, entertainment, and cultural attractions in downtown St. Petersburg [4]. Market Context - The downtown St. Petersburg rental market has experienced strong in-migration and job growth, creating a favorable environment for new developments like VIV, which is positioned to attract renters seeking an urban lifestyle [3].
Belpointe OZ’s VIV Development in Downtown St. Petersburg, Florida, Reaches Leasing Milestone