- Funding Needed
- $97 (Mio)
- EB5 Funding
- $31 (Mio)
- EB-5 Investors
- Investment Amount
- Job Creation per Investor
- Job Creation (Total)
- Commercial and Institutional Building Construction
- Houston, Texas
- Last Update: February 04, 2015 01:00 PM
Your Project was viewed 16 times (totally).
For the last 7 days 0 times.
The Group 21 project will consist of the redevelopment and new vertical construction of the former Texaco Company World Headquarters Building in Houston Texas. The redevelopment and construction efforts will transform the existing facility into an urban mixed-use development.
The building is currently vacant and in “shell condition” and the developer has begun preparing the surrounding project site for new construction activity. The project is expected to consist of a total of 408,415 square feet of vertical improvements including all renovation required upon the project site to facilitate all new vertical improvements.
Upon completion of redevelopment, the project is expected to consist of a sixteen (16)-story apartment building and an eighteen (18)-story apartment building serviced by a newly constructed parking garage
Following the completion of the redevelopment and new construction activities, additional amenities are anticipated to include approximately 8,000 square feet of retail space, approximately 7,000 square feet of storage space, a fitness center, a wine cellar, coffee area, media rooms, business center, party rooms, and pool deck. As currently planned, future development activity for the project will provide access to the downtown Houston tunnel system. Group 21 funds will be utilized in the completion of interior demolition and abatement of the existing structure, including infrastructure and utility upgrades, full interior build out, external façade improvements and vertical construction activities. The Historic Texaco Building Renovation has been zoned for Multi-Family use, in the City of Houston, Texas. Early construction activities have commenced with completion anticipated in the first quarter 2015.
4th Quarter 2013 – Renovation of the existing structure
1st Quarter 2015 – Completion
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.