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New York City Regional Center Rating

Profile Completion:Not Rated
Projects Completion:Not Rated
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I-924A Rating:Non-Transparent

CONTACT INFORMATION

New York City Regional Center
Contact Phone
212-619-1270
Website
Contact Email
Linked In

ADDRESS

99 Hudson Street 15th Floor New York, NY 10013

STATES

New York
  • Bronx
  • Kings
  • New York
  • Queens

LANGUAGES

English

New York City Regional Center Map

18 followers

Michael GibsonNicolai HinrichsenMona  ShahViji DurgaMary KingGladys DeRienzoCharlie DwyerGregg  D. HaydenFlora HaungPaul  Levinsohn, Esq.George  L. Olsen, Esq.May  QinStone QinNatalie  SammarcoEmma TangLin  WuAngela ChauWALEED  IBRAHIM

Last Update: August 03, 2017 08:28 AM

Regional Center was viewed 5371 times (total).

New York City Regional Center

(21%)

The NYCRC was Established in 2008, the New York City Regional Center (NYCRC) provides financing for job-creating real estate projects in New York City.The NYCRC has raised over $1.2 billion of capital to help fund a series of critical public/private developments in Brooklyn, Queens, Manhattan and the Bronx.

The NYCRC was approved by the United States Citizenship and Immigration Services (USCIS), a division of the United States Department of Homeland Security, to raise capital via the EB-5 program. Congress created the EB-5 program to stimulate economic development through foreign investment. The program’s mandate is to use foreign investment to spur job creation while simultaneously affording eligible foreign investors the opportunity to become lawful permanent residents of the United States.

Since its designation by USCIS, the NYCRC has worked closely with economic development agencies and governmental entities, as well as private developers designated by such government entities, to provide loans for real estate projects in New York City that create jobs in areas of high unemployment.

Examples of projects utilizing loans provided by NYCRC-managed funds include the following:

  • the redevelopment of the Brooklyn Navy Yard, New York City’s leading industrial park
  • the expansion of Steiner Studios, the city’s largest film and television production facility
  • the redevelopment of the George Washington Bridge Bus Station
  • the rehabilitation of two New York City historic landmark buildings along Lower Manhattan’s waterfront – the Battery Maritime Building and Pier A
  • the development of City Point in Downtown Brooklyn
  • key components of the Atlantic Yards redevelopment project
  • the expansion of the Hutchinson Metro Center in the Bronx
  • the construction of new mixed-use buildings in both Washington Heights and the Lower East Side
  •  the construction of a wireless infrastructure network in select underground New York City subway stations

While helping to spur economic development and job creation over the past six years, the NYCRC has worked diligently to conduct itself in a manner that respects both Congressional objectives for the EB-5 program as well as the interests of USCIS and the Department of Homeland Security. 

To date, 100% of NYCRC project offerings have been approved by USCIS.   NYCRC investor approval statistics are as follows:

  • 2,089 EB-5 investors have received I-526 approvals
  • 4,658 EB-5 investors and family members have been granted conditional residency status
  • 629 EB-5 investors have received I-829 approvals
  • 1,867 EB-5 investors and family members have been granted permanent residency status

Over 2,200 individuals from 20 different countries have invested in NYCRC project offerings to date.  These countries include Brazil, Canada, China, Egypt, Germany, Great Britain, India, Indonesia, Italy, Japan, Macau, Mexico, Nepal, Netherlands, Nigeria, Russia, S. Korea, Taiwan, Turkey, and Venezuela.

Is the Regional Center a Public Agency, Government Entity or a Public/Private Partnership (EDC/EDA) affiliated or associated with one?
No

Mentions

  • Overselling NYC: Two EB-5 pioneers face investor backlash
  • New York City Regional Centers completed construction in 15 of its project offerings to date
  • Developer plans $2.5B conversion of Brooklyn Navy Yard into tech center
  • New York City Regional Center Announces Repayment to its First Group of Indian EB-5 Investors
  • A cautionary tale? EB-5 investors sue over Battery Maritime woes
  • New York City Regional Center Reaches 4,600th Permanent Green Card Milestone
  • New York City Regional Center Announces Project Approval for its Fresh Direct Project (Phase II)
  • New York City Regional Center Achieves 1,550th I-829 Petition Approval
  • New York City Regional Center Announces Repayment of $65 million EB-5 Loan in its Steiner Studios Phase I Offering
  • New York City Regional Center Reaches Both 1,400 I-829 Approval and 4,000 Permanent Green Card Milestones
  • FreshDirect Nabs $50M Bridge Loan for New Bronx Headquarters
  • New York City Regional Center Announces I-829 Petition Approvals in its Bronx Medical Office Campus Project Offering
  • New York City Regional Center Reaches 3,000th Permanent Residency Milestone
  • New York City Regional Center Reaches 1,000th I-829 Petition Approval Milestone
  • FreshDirect secures $85M in EB-5 financing for Bronx distribution center
  • Singer & Bassuk floats BK Navy Yard’s maritime assets in award-worthy deal
  • EB-5 Funding Approved for JFK Airport Redevelopment
  • New York City Regional Center Announces Project Approval for its JFK International Airport Redevelopment Project
  • New York City Regional Center Announces Repayment of $60 million EB-5 Loan in its Brooklyn Navy Yard Phase I Project
  • New York City Regional Center-Managed Entity Awarded $45 Million in New Market Tax Credits for Community Investment Projects
  • EB-5 Investors Receive Full Repayment of $60 Million Loan in New York City Regional Center’s Brooklyn Navy Yard Offering
  • Navy Yard powers into New Year
  • Brooklyn Navy Yard refinances $60M EB-5 loans
  • Dermot Company executives threatened with foreclosure on Battery Maritime Building
  • Workers at Dermot Company’s newly-purchased EV rental forced to take big wage cuts
  • EB-5 regional center slaps Dermot with lawsuit over Battery Maritime loans
  • Reining in regional centers
  • EB-5 Limits May Slow Flow of China’s Elite to US
  • EB-5 Limits May Slow Flow of China’s Elite to US
  • EB5 Investor Visa Projects Among Chinese Investments in New York
  • Former affiliate of NYC Regional Center files suit, claiming firm stole confidential Chinese client list, thus saving millions in finder's fees for EB-5 investors in Atlantic Yards, other projects
  • Lawsuit over control, revenues of NYC Regional Center: co-founder charged with fraud by former partner; counterclaim also charges fraud
New York City Regional Center screenshotNew York City Regional Center screenshotNew York City Regional Center screenshotNew York City Regional Center screenshotNew York City Regional Center screenshotNew York City Regional Center screenshotNew York City Regional Center screenshotNew York City Regional Center screenshotNew York City Regional Center screenshotNew York City Regional Center screenshot

Designation

Regional Center ID number
1104150162
Designation Date
2011-06-08
Prepared by
Nicolai Hinrichsen
Prepared by Firm
Miller Mayer LLP
Submission Date
2008-10-30

Designation Letter - Download

Projects

Recent proj image

EB5PROJECT-95029%

Overall Funding Needed:N/A (Mio)
EB-5 Funding Needed:N/A (Mio)

Recent screen shot 02 12 14 at 12.13 am

EB5PROJECT-15223%

Overall Funding Needed:N/A (Mio)
EB-5 Funding Needed:N/A (Mio)

Regional Center EB-5 Quick Facts

Number of Approved I-526: N/A

Number of Approved I-829: N/A


News & Updates

Overselling NYC: Two EB-5 pioneers face investor backlash
July 01, 2018
New York City Regional Centers completed construction in 15 of its project offerings to date
June 21, 2018
Developer plans $2.5B conversion of Brooklyn Navy Yard into tech center
February 07, 2018
New York City Regional Center Announces Repayment to its First Group of Indian EB-5 Investors
January 23, 2018
A cautionary tale? EB-5 investors sue over Battery Maritime woes
January 19, 2018
New York City Regional Center Reaches 4,600th Permanent Green Card Milestone
January 08, 2018
New York City Regional Center Announces Project Approval for its Fresh Direct Project (Phase II)
January 02, 2018
New York City Regional Center Achieves 1,550th I-829 Petition Approval
November 08, 2017
New York City Regional Center Announces Repayment of $65 million EB-5 Loan in its Steiner Studios Phase I Offering
July 24, 2017
New York City Regional Center Reaches Both 1,400 I-829 Approval and 4,000 Permanent Green Card Milestones
July 21, 2017
FreshDirect Nabs $50M Bridge Loan for New Bronx Headquarters
July 13, 2017
New York City Regional Center Announces I-829 Petition Approvals in its Bronx Medical Office Campus Project Offering
June 13, 2017
New York City Regional Center Reaches 3,000th Permanent Residency Milestone
June 01, 2017
New York City Regional Center Reaches 1,000th I-829 Petition Approval Milestone
April 24, 2017
FreshDirect secures $85M in EB-5 financing for Bronx distribution center
April 04, 2017
Singer & Bassuk floats BK Navy Yard’s maritime assets in award-worthy deal
March 15, 2017
EB-5 Funding Approved for JFK Airport Redevelopment
March 01, 2017
New York City Regional Center Announces Project Approval for its JFK International Airport Redevelopment Project
February 24, 2017
New York City Regional Center Announces Repayment of $60 million EB-5 Loan in its Brooklyn Navy Yard Phase I Project
January 25, 2017
New York City Regional Center-Managed Entity Awarded $45 Million in New Market Tax Credits for Community Investment Projects
January 17, 2017
EB-5 Investors Receive Full Repayment of $60 Million Loan in New York City Regional Center’s Brooklyn Navy Yard Offering
January 04, 2017
Navy Yard powers into New Year
December 29, 2016
Brooklyn Navy Yard refinances $60M EB-5 loans
December 22, 2016
Dermot Company executives threatened with foreclosure on Battery Maritime Building
November 17, 2016
Workers at Dermot Company’s newly-purchased EV rental forced to take big wage cuts
October 27, 2016
EB-5 regional center slaps Dermot with lawsuit over Battery Maritime loans
September 29, 2016
Reining in regional centers
April 01, 2016
EB-5 Limits May Slow Flow of China’s Elite to US
May 07, 2015
EB-5 Limits May Slow Flow of China’s Elite to US
May 07, 2015
EB5 Investor Visa Projects Among Chinese Investments in New York
December 18, 2014
Former affiliate of NYC Regional Center files suit, claiming firm stole confidential Chinese client list, thus saving millions in finder's fees for EB-5 investors in Atlantic Yards, other projects
December 06, 2011
Lawsuit over control, revenues of NYC Regional Center: co-founder charged with fraud by former partner; counterclaim also charges fraud
December 06, 2011

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