Funding

Funding Needed
$2.5 (Mio)
EB5 Funding
$2.5 (Mio)
EB-5 Investors
5
Investment Amount
$500,000

Jobs

Job Creation per Investor
16.0
Job Creation (Total)
80
Category
Arts, Entertainment and Recreation
Sub-Category
Independent Artists, Writers, and Performers

Location

State
Massachusetts
Location
52 Everett Street, Allston, Massachusetts

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EVERETT STREET PROJECT


Project Description

 A music recording and arts studio project located in 52 Everett Street, Allston, Massachusetts. The project was  $2.5 Million project, with $1 Million of EB-5 funding contributed by an individual investor. The economic analysis performed by Wright Johnson predicts the project will create over 80 new jobs. The studio is filling a large gap in the local music industry, and has finalized more than 20 leases within the first 30 days of opening. 


UPDATE 10/17/2012: 46 Leases have been signed in 3 months! We're 2 months ahead of our leasing schedule. With the increased demand for space, Phase II is well underway!


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