Funding

Funding Needed
$735 (Mio)
EB5 Funding
$175 (Mio)
Amount Subscribed
$175 (Mio)
EB-5 Investors
350
Investment Amount
$500,000
Subscription Fee
50,000

Jobs

Job Creation per Investor
13.0
Job Creation (Total)
4548
Category
Real Estate and Rental and Leasing
Sub-Category
Lessors of Residential Buildings and Dwellings

Investment

Structure
Loan
Amount of EB-5 investors anticipated for this phase?
350
Expected Maturity
4.5 years
Expected Return
Variable, but highly unlikely.
Principal equity in project?
Yes

Immigration

Does this project have approved I-526's?
No
Does this Regional Center have approved I-526's?
No
Does this Regional Center have approved I-829's?
No

Location

State
New York
Location
101 Murray Street, New York City, New York

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111 Murray Street


Developer Name
Henry V. Murray Senior, LLC

Project Description

The project deals with the development of a worldclass mixed-use luxury condominium tower featuring 63-stories and approximately 433,800 gross square feet of residential condominium space with an estimated 129 units and 25 parking stalls located in New York City, New York.

 

 

Project Timeline

Construction will begin in January 2015 and conclude in March 2018. The sales office is projected to open in 1Q 2015. Presales will commence March 2015 with full sell-out anticipated by mid 2018 (according to CBRE's Valuation Report).


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