“ Somera Road, Inc., a New York-based commercial real estate investment and development firm that invests in value-add properties across the United States, is announcing their majority ownership and operator status of SouthSide Works, effective immediately. The firm acquired the defaulted loans on the property in October 2018, took title of the property in June 2019, and closed on majority and controlling ownership in March 2020, replacing its prior capital partners. As the new owner and operator of SouthSide Works, Somera Road is announcing new leases, a new vision, and plans to invest over $37 million in capital improvements and over $130 million in new development on the property and riverfront parcels.”