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Project Information & Due Diligence Profile Completed
27%
Not Verified

Funding

Funding Needed
$15 (Mio)
EB5 Funding
$15 (Mio)
EB-5 Investors
30
Investment Amount
$500,000

Jobs

Job Creation per Investor
9.0
Job Creation (Total)
270+
Category
Healthcare and Social Assistance
Sub-Category
Assisted Living Facilities for the Elderly

Location

State
Illinois
Location
Illinois

1 follower

Viji Durga

Last Update: June 11, 2015 02:29 AM

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Elgin Memory Care, LLC

Opened: January 01, 2009

Closed: January 01, 2010


Project Description

1. Project Overview
Elgin Memory Care, LLC (“EMC”) is in the final construction approval phase with the City of Elgin, Illinois. At the moment land for facility is currently under development, with opening project in March 2015. EMC is fully subscribed and the total estimated capitalization is $15 million. The project is expecting to create more than 270 jobs including the full time jobs after opening and also jobs throughout the construction development. EMC offers about 80 units of assisted living and memory care, for a casual lifestyle with exceptional health care services.


2. Community Amenities
 Units with spacious floor plans
 Chef-prepared meals focusing on nutrition as well as presentation
 Lounges, sitting areas, and gathering spaces
 Library that will engage your intellect and curiosity
 Access to paved walking paths within the planned neighborhood of West Point Gardens
 Gardening areas to natural flora and fauna
 24-hour licensed care staff


3. Project Highlights
 Fully subscribed
 Land for facility is currently under development in City of Elgin, Illinois
 Estimated total units: 80
 Total Project Capitalization: $15M
 Approximate square footage: 76,000
 Estimated opening date: March 2015
 New jobs expected to be created: 270+

 

News & Updates

Federal lawsuit another wrinkle in stalled Elgin senior housing project
Federal lawsuit another wri...
The developer behind the Br...
 July 08, 2017
 States: 1
Ill. Court Sides With Gov't In EB-5 Residency Status Row
Ill. Court Sides With Gov't...
An Illinois federal judge r...
 March 29, 2017
 States: 1
Elgin set to open code case on stalled senior living project
Elgin set to open code case...
The city of Elgin is set to...
 May 10, 2016
 States: 1
Elgin Memory Care : Updates 8th January 2015
Elgin Memory Care : Updates...
Elgin Memory Care, LLC (“EM...
 January 10, 2015
 States: 1
Project updates as of 24th Nov,2014
Project updates as of 24th ...
EB5projects received latest...
 November 26, 2014
 States: 1

News & Updates 5

Federal lawsuit another wrinkle in stalled Elgin senior housing project
Federal lawsuit another wri...
The developer behind the Br...
 July 08, 2017
 States: 1
Ill. Court Sides With Gov't In EB-5 Residency Status Row
Ill. Court Sides With Gov't...
An Illinois federal judge r...
 March 29, 2017
 States: 1
Elgin Memory Care : Updates 8th January 2015
Elgin Memory Care : Updates...
Elgin Memory Care, LLC (“EM...
 January 10, 2015
 States: 1
Elgin set to open code case on stalled senior living project
Elgin set to open code case...
The city of Elgin is set to...
 May 10, 2016
 States: 1

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