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Not Verified Project

Funding

Funding Needed
$224 (Mio)
EB5 Funding
$60 (Mio)
EB-5 Investors
120
Investment Amount
$500,000

Jobs

Job Creation per Investor
12.3
Job Creation (Total)
1476
Category
Construction
Sub-Category
New Multifamily Housing Construction (except For-Sale Builders)

Location

State
New York
Location
Brooklyn, New York

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Liberty Gardens I


Developer Name
Lightstone Group

Project Description

The Project, situated at the border of two Brooklyn neighborhoods: Carroll Gardens and Gowanus, represents Phase I of the Liberty Gardens project, a mixed use, primarily residential development project encompassing three parcels of land.

Construction of the Project was substantially complete in March 2016. The final Project includes 429 apartment units representing 289,687 leasable square feet, 203 on-site, covered parking spots and 2,475 square feet of retail space. The Project features a roof deck with a  wet-bar and party space offering 360 degree views of Manhattan, the Statue of Liberty, Brooklyn, Staten Island, and New Jersey. The building has a 24-hour doorman/concierge. It also has a fitness facility with a yoga studio and exercise bike studio. In addition, there is a club room, tenant lounge, and children’s playroom. All units include laundry facilities, caesarstone kitchen counters, tiled bathrooms, stainless steel appliances, and white oak hardwood floors. Accordingly, the Project was completed in accordance with the approved I-526 business plan.

 

Project Timeline

EB-5 Raise Complete, Property construction complete, leasing at 99%


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