- Funding Needed
- $11 (Mio)
- EB5 Funding
- $11 (Mio)
- EB-5 Investors
- Investment Amount
- New Multifamily Housing Construction (except For-Sale Builders)
- 1130 Broadway, Lower Broadway District, San Antonio, Texas
- Last Update: February 04, 2015 01:01 PM
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Rivera - 1130 Broadway
- Developer Name
- Argyle Residential
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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