Funding

Funding Needed
$11 (Mio)
EB5 Funding
$11 (Mio)
EB-5 Investors
22
Investment Amount
$500,000

Jobs

Category
Construction
Sub-Category
New Multifamily Housing Construction (except For-Sale Builders)

Location

State
Texas
Location
1130 Broadway, Lower Broadway District, San Antonio, Texas

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Rivera - 1130 Broadway


Developer Name
Argyle Residential

Project Description

Civitas EB-5 Capital, a leading sponsor of institutional-quality EB-5 investments nationwide, today announced that it has closed on an $11 million equity investment in partnership with Argyle Residential to develop a 4-story, Class A wrap-style, 302-unit multifamily development in San Antonio's Lower Broadway District. 

Ideally located north of the San Antonio central business district – a rapidly developing urban area – Rivera is surrounded by a number of major employers, three universities, three hospitals and a U.S. military base.  In an effort to encourage development throughout San Antonio's Lower Broadway District, the city has supported the project through its Center City Housing Incentive Program.


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