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GAY STREET PROPERTY DOWNTOWN KNOXVILLE SOLD FOR $7.3 LN

Jt how far has the real tate dtry e adoptg progrsive polici for the gay and lbian muny? * gay property developer *

From the January issue: In the early 1990s, gay and lbian profsnals mercial real tate formed a profsnal workg group to help each other fd jobs. That’s bee wasn’t until years later that actually named self — as the Gay Real Estate Group, or GREG — outg self the procs.

“It’s not a big al to be gay the real tate bs anymore. On the surface, exampl abound of real tate players who publicly intify as gay or lbian — om Douglas Elliman power broker Fredrik Eklund postg photos of his hband and their newborn tws on social media to Sente Group’s Veroni Maetti lightg up her inic Flatiron Buildg wh the lors of the pri flag.

Unlike women (whose nam and photos obvly often give away their sex) and mori (who n often be intified photos on pany webs), the same is not te for the gay and lbian populatn.

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While progrs has clearly been ma sce those early-1990s days — not long after AIDS began tearg through the gay muny — pani have adopted more clive polici. Still, ’s not as though homophobia is nonexistent real tate. “I’m very volved the LGBT nonprof world, so I believe you never make an assumptn about whether someone’s gay or straight or bi or trans.

Supreme Court landmark lg 2015 legalized same-sex marriage, December the urt let stand a lower urt cisn that gay spo may not be entled to ernment-subsidized workplace benefs.

Developer Ian Reisner ran the gay-iendly Out Hotel at 510 Wt 42nd Street before he sold the ground lease last year for $24 ln to Merchants Hospaly, which is reposng as a Playboy Supper Club.

PROPERTY VELOPER FUNDS POP-UP GAY BAR AS NDN OF PLANNG PERMISSN

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And BFC Partners, whose foundg partner Donald Capoccia is gay, is -velopg a 17-story affordable hog project Brooklyn for LGBT senrs. (WATE) — Josh Smh, a Knoxville bsman, veloper and crimal jtice reform advote, has sold two properti the 300 block of Gay Street for $7. The Ephant Group, a real tate vtment pany, bought the buildg at 304 Gay Street, formerly Buzz Nabors Dentistry and Rince, and the neighborg 308 lot.

MAJOR NEW DEVELOPMENT POSSIBLE FOR GAY STREET

“The Ephant Group is exced about our latt acquisn of 304 South Gay St. Smh had been planng to velop the lot at 308 Gay Street wh a seven-story mixed-e buildg but says he held off due to high buildg supply sts. “I’m exced to be sellg to a veloper who is gog to build somethg special and give Knoxville the first new build on Gay Street almost 40 years, ” said Smh.

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