- Funding Needed
- $44.4 (Mio)
- EB5 Funding
- $12.5 (Mio)
- EB-5 Investors
- 25
- Investment Amount
- $500,000
- Subscription Fee
- 50,000
- Discount Fee
- 0
- Job Creation per Investor
- 15.1
- Job Creation (Total)
- 378
- Category
- Construction
- Sub-Category
- New Multifamily Housing Construction (except For-Sale Builders)
- Structure
- Equity
- Amount of EB-5 investors anticipated for this phase?
- 25
- Principal equity in project?
- Yes
- 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?
- Yes
- State
- Florida
- Location
- Tarpon Springs, Florida
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- Last Update: October 24, 2018 08:37 AM
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AAFF II – Meres Crossing
Verified by:
- Developer Name
- DDA Development
Project Description
Meres Crossing is the second of four assets within Atlantic American Fortune Fund II, LP (AAFF II), which is now closed to new investors. Meres Crossing will offer one-, two- and three-bedroom units, priced in line with the current rental rates of the market area. The Project’s apartment units will be housed in five, three- and four-story garden style buildings and will have 414 surface parking spaces (1.75 spaces / unit). Common area amenities will include a clubhouse, fitness center, playground / tot lot, secure bicycle storage / repair room, nature area, green spaces with pavilions, and a pool.
The Project will be centered around the development of currently vacant, undeveloped land, situated on 6.5 acres located in Tarpon Springs, Florida adjacent to the Florida Hospital North Pinellas, a 168 bed hospital.
For information about our currently open EB-5 investment opportunities, please contact us at info@atlanticamericanpartners.com.
Project Timeline
Construction on the Project is expected to begin in July 2018 and take 18 months.
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