Funding

Funding Needed
$262 (Mio)
EB5 Funding
$20 (Mio)
Amount Subscribed
$262 (Mio)
EB-5 Investors
40
Investment Amount
$500,000

Jobs

Job Creation per Investor
62.5
Job Creation (Total)
2500
Category
Construction
Sub-Category
New Multifamily Housing Construction (except For-Sale Builders)

Investment

Principal equity in project?
Yes

Immigration

Does this project have approved I-526's?
Yes
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
20 Lafayette Avenue Brooklyn, New York

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Developer Name
20 Lafayette LLC, an affiliate of Two Trees Management Company

Project Description

A remarkable glass and metal façade will highlight the sleek architecture of the mixed use Project that will facilitate retail, residential and community space. All 379 luxury residential units will feature high-end finishes including open stainless steel kitchens with custom cabinetry, high-end appliances and stone countertops.

Each unit will have individually controlled heating and air-conditioning units, a washer and dryer, solid-core wood doors, architectural chrome hardware, custom millwork and solid strip oak floors. The unit bathrooms will offer stone vanity tops and full-size bathtubs. Apartments will be equipped with state-of-the-art telecommunications systems.

Many units will also highlight spectacular downtown city views. Select residences will feature Juliet balconies.

The proposed Public Open Space along with the Art Plaza will provide needed breathing room to the surrounding cultural uses; Theatre for a New Audience, BRIC House, the Harvey Theatre, Brooklyn Academy of Music, Mark Morris Dance Center, the library, cinemas and other cultural uses in the proposed building.

Planned Community Space will include a Library, Cinema, Performing Arts and Dance Studios as well as Outdoor Green Space.

Onsite residential amenities will include:
• 24-Hour Concierge & Doorman Service
• State-of-the-art Fitness Center
• Expansive Rooftop Terrace with outstanding views of Downtown Brooklyn.
• Grand Residential Lobby
• Underground Parking Facility
• Tenant Storage Including Refrigeration and Bicycle Storage
• High-speed elevators
• Outdoor Areas

Regional Center

AscendAmerica

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