China City Construction Holding Group and American Da Tang Group are turning to EB-5 investors to help fund construction of their planned CCCC Miami Towers in Brickell, Miami attorney Roger Bernstein, who co-owns the EB-5 regional center sponsoring the development, tells us. His Miami-based regional center, American Life Investments LLC, is promoting the project among EB-5 investors in China and Latin America.
Chinese investment in US real estate has tended more toward West Coast markets and New York in recent years, but projects like CCCC will help attract high-net-worth Chinese investors to Miami, Roger says. He adds that the project would create close to 10,000 direct and indirect jobs, and up to $350M in investment in the development would come from EB-5 investors. Currently, almost 85% of EB-5 investors in the US come from China, so that nation could represent a major source of investment for South Florida going forward.
Subscribe for News
Join Professionals on EB5Projects.com →
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.