Funding

Funding Needed
$287 (Mio)
EB5 Funding
$27 (Mio)
EB-5 Investors
54
Investment Amount
$500,000

Jobs

Job Creation per Investor
50.0
Job Creation (Total)
2700
Category
Construction
Sub-Category
New Multifamily Housing Construction (except For-Sale Builders)

Investment

Structure
Equity
Expected Maturity
5 years
Expected Return
0.75-1.0%
Principal equity in project?
Yes

Immigration

Does this project have approved I-526's?
No
Does this Regional Center have approved I-526's?
Yes
Does this Regional Center have approved I-829's?
No

Location

State
New York
Location
325 Kent Avenue Brooklyn, New York

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325 Kent

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Opened: November 21, 2016

Closed: April 18, 2018


Developer Name
325 Kent LLC, an affiliate of Two Trees Management Company

Project Description

The 17-story mixed-use facility will feature a remarkable glass and metal façade offering incredible views of Manhattan, the Williamsburg Bridge and the East River.

All 522 luxury residential units are anticipated to feature high-end finishes including open stainless steel kitchens with custom cabinetry, high-end appliances and stone countertops. Each unit is also expected to have individually controlled heating and air-conditioning units, a washer and dryer, solid-core wood doors, architectural chrome hardware and custom millwork. The bathrooms are expected to offer stone vanity tops and full-size bathtubs. Apartments are planned to be equipped with state-of-the-art telecommunications systems. 

Rental apartments including studio, one-bedroom and two-bedroom units will be located on floors 3 to 15 of the building, while a structured parking garage will accommodate 500 parking spaces. 

325 Kent Avenue is the first project within a major development of an 11-acre stretch of land along the Williamsburg Waterfront. The development in its entirety, is expected to include up to 2.3 Million SF of Residential Space, 575,000 SF of Commercial Space and 150,000 SF of Community Facility Space. Additionally, the project allows for an expansive 5-acre Open Space that will allow public access to the waterfront.


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