The investment firm behind the SoNo Collection luxury mall will be including the property in its newly launched Opportunity Zone fund.

The Norwalk Common Council voted unanimously last week to approve Brookfield Properties’ request to transfer ownership to an LLC it owns charged with the management of the fund, according to the meeting minutes. The $525 million mall is expected to contain up to 100 shops, plus two anchor department stores.

Brookfield’s fund is reportedly $1 billion in size, and the company announced the fund’s creation in April.

Opportunity Zones were set up to enable private investors to re-invest profits into designated areas. The investor can get a tax benefit by deferring their capital gains taxes invested in the zones until 2026. They also get a discount of up to 15 percent on the capital gains profits invested in the zones and pay no capital gains taxes on investments in the zones held for at least 10 years. The Trump administration is currently examining revisions to its Opportunity Zone program, set up by its signature 2017 tax reform legislation, in order to boost investment in the zones.