- Funding Needed
- $1.3 (Mio)
- EB5 Funding
- $1 (Mio)
- EB-5 Investors
- Investment Amount
- Subscription Fee
- Discount Fee
- Job Creation per Investor
- Job Creation (Total)
- Accommodation and Food Services
- Chain Full-Service Restaurants
- Expected Return
- 2% net of all fees and expenses
- Principal equity in project?
- Does this project have approved I-526's?
- Does this Regional Center have approved I-526's?
- Does this Regional Center have approved I-829's?
- New York
- 240 Lafayette Street, New York, NY 10012
- Last Update: January 10, 2020 11:10 AM
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by Chloe - Lafayette Street
The NCE was established to develop, build out, launch, and operate a new chef-driven fast casual vegan restaurant under the “by CHLOE.” brand at 240 Lafayette Street, New York, NY 10012 (“the Restaurant”).
The cost to build out, equip, and open the Restaurant is estimated at approximately $1.3 million. The NCE anticipates two EB-5 investor Class B members will make qualifying equity contributions of $500,000 each. The Restaurant is located within a Targeted Employment Area designated by the New York State Department of Labor, effective February 2016. The NCE Managing Member is providing bridge financing for EB-5 investment and the additional equity needed to fully fund the Restaurant.
The NCE leased the Restaurant site in December 2015, began tenant improvements in August 2016, and is on schedule to open the Restaurant in December 2016.
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