- Funding Needed
- $150.8 (Mio)
- EB5 Funding
- $49.5 (Mio)
- EB-5 Investors
- 99
- Investment Amount
- $500,000
- Job Creation per Investor
- 14.8
- Job Creation (Total)
- 1469
- Category
- Accommodation and Food Services
- Sub-Category
- Hotels (except Casino Hotels) and Motels
- State
- California
- Location
- Santa Barbara, California
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- Last Update: February 04, 2015 01:01 PM
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Woodridge: La Entrada de Santa Barbara : Group 34
- Developer Name
- Woodridge Capital Partners, LLC (Woodridge)
Project Description
CMB once again has the opportunity to work with Woodridge Capital Partners, LLC (Woodridge). CMB and Woodridge have also demonstrated a track record of success as CMB Texas Infrastructure Investment Group 24, also known as College Station has received approval of its I-924 Exemplar Petition.
The La Entrada de Santa Barbara project or “La Entrada”, will consist of the development of a 123-room luxury hotel and approximately 10,000 square feet of retail space to be located just one block from the beach. CMB EB-5 funding will assist in the financing of all pre-development, demolition, horizontal and vertical construction of the project.
Project Timeline
Construction activities for the project commenced 2nd Quarter 2014, completion of construction is anticipated for 3rd Quarter 2016.
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