Funding

Funding Needed
$685 (Mio)
EB5 Funding
$180 (Mio)
Amount Subscribed
$180 (Mio)
EB-5 Investors
360
Investment Amount
$500,000

Jobs

Job Creation per Investor
13.6
Job Creation (Total)
4896
Category
Construction
Sub-Category
New Multifamily Housing Construction (except For-Sale Builders)

Location

State
New York
Location
601 West 57th Street New York, NY 10019
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Tetrahedron, West 57th


Developer Name
The Durst Organization

Project Description

Designed by Bjarke Ingels Group (BIG) developed by the Durst Organization, and funded in part by U.S. Immigration Fund, West 57th is a truly remarkable residential development located in Manhattan. West 57th features a 41-story mixed-use tower with 711 luxury apartments. The development also features 44,857 square feet of retail space, 78,428 square feet of lobby space and amenities and 285 below-grade parking spaces. This project is a $685 Million capital investment, which will be comprised of 26% EB-5 funding and has the utmost security for return of investment and permanent job creation. The West 57th EB-5 opportunity is by far the most exciting and structurally secure EB-5 project (available for foreign investment) to ever be offered in the market. 

 

Project Status

Fully Subscribed

Construction Completed

I-526 Petitions Approved

I-829 Petitions Submitted

Tetrahedron, West 57th: Map

601 West 57th Street New York, NY 10019



Project Location Description

West 57th is located in the vibrant West Side submarket, between 11th and 12th Avenues, close to some of the city’s most famous attractions and landmarks and offering exceptional views of the Hudson River. West 57th is only moments away from the Hudson River Greenway, Central Park and the De Witt Clinton Park. West 57th enjoys direct access to the West Side Highway, and is only four blocks from major transportation hubs such as Grand Central Station, Penn Station and the Port Authority.

News & Updates 5

Nordstrom family struggles to keep company buyout deal together
October 06, 2017
Towers Rise on EB-5 Funds
May 27, 2013
The 11 largrest EB-5 projects in America
October 22, 2015
Changes to EB-5’s location rules could have big impact on NY
May 20, 2015

Regional Center

U.S. Immigration Fund - NY
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