|By Marketwire .||
|July 9, 2012 10:59 AM EDT||
NEW YORK, NY -- (Marketwire) -- 07/09/12 -- RPM GP, LLC, a New York limited Liability Company, and its principal Frank Rizzo are pleased to announce its launch of The Rising Property Opportunity Fund, LP. The Fund has been established to acquire, develop and maximize the potential of properties along the North East Waterfront of Staten Island, NY. Charles Vista, a premier full service Broker Dealer and Investment Banking firm located in downtown Manhattan, has been selected as the sole placement agent to raise capital for the project.
The North East Waterfront of Staten Island, which features the Staten Island Ferry -- the third largest tourist attraction throughout New York City -- a quick commute to downtown Manhattan, and "postcard" views of the NYC, Jersey City skyline and Verrazano Bridge, has become a prime development site for developers recently. Along with the NYC investment of $33 million for a new Waterfront Esplanade and phase 1 of the $150 million dollar Homeport redevelopment by Ironstate Development, the waterfront of Staten Island has been recognized as New York's "Next Great Neighborhood." (Daily News, May 2011)
The Rising Property Opportunity Fund aims to develop the Staten Island waterfront, which is the last undeveloped water front property in the NYC metropolitan area, with a strategy that has proven successful in other emerging neighborhoods like Jersey City, Hoboken, Williamsburg, Red Hook and DUMBO. "The key ingredients are right here, dynamic waterfront location, incredible values, and quick commute to downtown Manhattan and now we are seeing the influx of outside investment dollars and commitments, from both the city and privately," stated Frank Rizzo.
"Being a native Staten Islander and having lived in this section of Staten Island for the past ten years, I have been afforded the opportunity to personally experience this area's rapid and exciting transformation. Now is the time where we are at a tipping point, and The Rising Property Opportunity Fund is positioned to play a significant role in the future growth of this area not just for my fellow residents of Staten Island but future residents from the entire tri-state area," stated Gregg Lorenzo, Founder Charles Vista, LLC.
About Charles Vista, LLC
Charles Vista is a premier full service Broker Dealer and Investment Banking firm with an exceptional focus on client relationships. The Charles Vista team includes top entrepreneurs and remain committed to their goal of reshaping the financial industry through successful client relationship and partnerships. For the last decade, Charles Vista has provided innovative development in each financial deal. The Charles Vista approach uses a combination of traditional investment practices mixed with alternative investments such as Late Stage Venture Capital. Charles Vista clients are given the opportunity to grow their capital with well-crafted deals and partnerships. For more information about Charles Vista, LLC, please visit http://www.CharlesVista.com