Downtown Fargo is thriving! With hundreds of unique retail stores, more than 5,000 residents, and more than 2 million square feet of office space, it is a fast-growing neighborhood. With proven expertise in urban development, fund management, real estate, construction management, and property management, Kilbourne Group is guided by the knowledge that vibrant neighborhoods create smart, healthy cities. As an experienced developer, Kilbourne has several Opportunity Zone real estate projects located in downtown Fargo in various stages of development. Through Great Plains Opportunity Zone Fund II (GPOZ II), Kilbourne is raising up to $50 million in capital for investment in these projects.
View more projects by Kilbourne at Properties | Kilbourne Group.
These three projects are examples of previous projects built in downtown Fargo. The RDO Tower is a mixed-use project, including the 125-room boutique Jasper Hotel, Rosewild Restaurant, retail, RDO offices, and residential condo units. The Landing and Kesler mixed-use projects opened in 2022 and are home to commercial space and residential units.
Your investment in Great Plains Opportunity Zone Fund II includes secured opportunities and projects in an established and growing urban neighborhood with a proven market.
Sponsored by Kilbourne, LLC
Upcoming Projects
Kilbourne, LLC is pleased to sponsor Great Plains Opportunity Zone Fund II (GPOZII), a development fund consisting of a Class A multifamily and Class A mixed-use projects. Participating in GPOZII provides opportunity for investment in both assets listed below. Participation at a project level is limited by investment amount and discretion of Kilbourne, LLC.
RiverHouse
Located in Fargo’s flourishing downtown district along the Red River of the North, RiverHouse offers well-appointed finishes and amenities, including balconies with direct views across the river to the iconic Hjemkomst Center in Moorhead, MN. The project, which will have a total cost of approximately $34 million, includes approximately 115 luxury rental apartments and main floor heated parking. The amenities and unit mix target both young professionals seeking standard-sized units and active adults looking for larger units.
Status: Open for investment, breaking ground November 2022
NP Avenue
Located in the heart of downtown Fargo adjacent to Broadway, our NP Avenue project is an approximately 150-unit mixed-use development built around a city-owned and -operated parking ramp, including a 30,000-square-foot theater in partnership with the Fargo Moorhead Community Theatre (FMCT; a 501c3 non-profit). This vibrant addition to downtown will offer a mix of finishes and unit sizes to residents of varying means, as well as a 2500-square-foot retail bay offered at prime market rents.
Status: Open for investment, breaking ground Spring 2023
How To Get Involved
Great Plains Opportunity Zone Fund II (GPOZII) is sponsored by Kilbourne, LLC and is dedicated to Opportunity Zone-eligible real estate development primarily in downtown Fargo, North Dakota, and other urban areas in the Great Plains. Kilbourne, a full-service real estate firm located in Fargo, offers over 10 years of experience in development, design, construction management, and operation of real estate projects, including multifamily, hotel, commercial, and retail uses. Since 2006, Kilbourne has developed or is in the process of developing approximately $450 million of real estate projects in downtown Fargo.
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