- Funding Needed
- $26 (Mio)
- EB5 Funding
- $4 (Mio)
- EB-5 Investors
- 8
- Investment Amount
- $500,000
- Job Creation per Investor
- 14.0
- Job Creation (Total)
- 112
- Category
- Real Estate and Rental and Leasing
- Sub-Category
- Lessors of Other Real Estate Property
- State
- Kansas
- Location
- Wichita
1 follower
- Last Update: February 04, 2015 01:01 PM
Funding
Jobs
Location
Your Project was viewed 9 times (totally).
For the last 7 days 0 times.
Market-Rate Apartments - KCHH
Project Description
The KCHH, LP project raised $4,000,000 from eight EB-5 investors. These investors will be funding the renovation of one of the largest buildings in Wichita, Kansas, the former Lassen Hotel. This 11 story building will be renovated and converted into over 100 market rate apartments. Also known as Market Centre, this building was built in 1918 and operated as a hotel until the mid-1980’s, at which time it was turned into an office building. The market conditions of Wichita today show significant unmet demand for more luxurious apartment and this conversion will certainly meet that need. Total construction costs for the 120,000 square foot project are expected to be in the vicinity of $26,250,000 with job creation of 112.
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
