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

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Viji Durga

Last Update: June 11, 2015 02:29 AM

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Elgin Memory Care, LLC


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 7

Ill. Court Sides With Gov't In EB-5 Residency Status Row
March 29, 2017
Elgin Memory Care : Updates 8th January 2015
January 10, 2015
Federal lawsuit another wrinkle in stalled Elgin senior housing project
July 08, 2017
Judge sets mid-July deadline for developer to clean up stalled Elgin Memory Care site
May 22, 2018

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