- Funding Needed
- $40 (Mio)
- EB5 Funding
- $24 (Mio)
- EB-5 Investors
- Investment Amount
- Job Creation per Investor
- Job Creation (Total)
- Commercial and Institutional Building Construction
- 5770 Rosemead Blvd, Temple City, CA 91780
- Last Update: February 04, 2015 01:01 PM
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The Gateway at Temple City
The proposed retail/restaurant/office/banquet will have good exposure to Rosemead Boulevard and Las Tunas Drive, which are the two primary commercial thoroughfares through the community. The development is surrounded by nearby residential housing tracts that are within walking distance to the subject property. It is anticipated that the proposed retail space will appeal to a diverse group of business that can thrive in this market.The Gateway at Temple City is designed to accommodate the high-end of the retail markets with its extraordinary amenities, attractive architecture and quality, water fountains with gardens and views.
The site is proposed to offer 75,000 square feet of leasable space within a lifestyle center with 5 to 6 retail units. According to the Economic Impact Study by Evans, Carroll & Associates, The Gateway Temple City will create nearly 540 direct and indirect jobs. (See exhibit “B”) Therefore, the investor can invest into the project with confidence that they will pass USCIS review in 2-3 years. The project is in the thriving center of Los Angeles with a high population density mix primarily dominated by Asians, Latinos, and Caucasians.
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