1010 OceanSide

Project Description

Highlights

·         124 Hotel Rooms, 90 Live / Work Luxury Units & 8,357sq.ft. of Retail Space

·         Project Size: 427,000 Square Feet (39,669.6 Square Meters )

·         Including: Pool, Jacuzzi, Saunas, Steam Rooms, Movie/Screening Room, BBQ Areas, Fire pits, Outdoor Game Tables and Much More.

·         Project Start Date: January, 2015

·         Expected Completion Date: March, 2017

·         Project Cost $60 million dollars

·         Construction Loan: $10 million dollars

·         Anticipated Completion Value: $96 million dollars

·         Anticipated Annual Revenue of: $5 million dollars

Qualification

·         Entitlement Received October 17, 2012

·         Project is Qualified for EB-5 Investors

·         TEA Designation Received February 11, 2013

·         Project is Designated as a Live / Work Project

·         Land for the project already acquired and currently estimated value at $12 million dollars

·         Project profit after completion, stabilization and refinancing $36 million dollars

Expansion

·         Oceanside with 3.5 miles of beach

·         Centrally located between Los Angeles and San Diego on California’s South coast

·         1,000 boat slip harbor, the largest of the California missions and several regional museums

·         Minutes from Marine Corps Base Camp Pendleton

·         Oceanside offers year-round perfect weather

·         Easy access to all of Southern California attractions such as LEGOLAND California, SeaWorld, Disneyland, and the world-famous San Diego Zoo

·         One of the last beach front affordable housing areas in California, Oceanside continues to be known for its value and appreciation in the vacation home market

·         The Oceanside Pier, is the longest wooden pier on the western United States coastline

·         The Oceanside Transit Center provides train services on Amtrak, Coaster, and Sprinter