HOUSTON EB5 completes Astoria after 2 years and launches its first Hotel and residences in San Antonio
The $70 million Astoria high-rise residential tower held its Grand Opening on 11th May 2016 – 2 years after construction commenced in 2014. The tower received a great deal of interest with all 75 residences being sold-out before construction on the project was concluded.
In 2010, Houston EB5 tapped a federal program targeting wealthy foreigners to fund their real estate projects; a $70 million residential tower in the vibrant Houston Galleria area called Astoria and a $48 million 8-story, 242-unit apartment building in the heart of Downtown Houston called Block 384. The raise for Astoria was completed with $30M from EB5 investors and the raise for Block 384 with $12M.
3INVEST in partnership with Houston EB5 are raising capital for Thompson Hotel and Residences San Antonio in the region.
Houston EB5 is a Real Estate investment company offering potential investors, the opportunity of investing in Real Estate developments in Houston Texas. In addition to the prospect of a good return on investment on the project, investing in this project will qualify investors for permanent residency in the United States through the EB-5 program.
The Thompson Hotel and Residences position itself as the Premier Luxury Boutique Hotel in San Antonio. Consisting of 20 stories, the 170 guestroom – 56 residence hotel will feature 15,000 square feet of riverfront meeting space and a Skybar Club, providing sweeping views of the City. Designed to meet and compliment the needs of the San Antonio market, the Thompson San Antonio Hotel gives way to unrivaled elegance and comfort.
Houston EB5 boasts a 100% success rate on Green Card approvals and because of this success; they have now completed their third raise of $13M for Marlowe, a luxury residential tower in Downtown Houston.
Other projects currently undergoing successful raises include Marlowe, Imperial Refinery District Lofts and Arabella, a contemporary high-rise residential tower.
Like previous Houston EB5 projects, Thompson San Antonio has received great support from both the City of Houston and San Antonio. A “TEA” designation has been assigned to both projects, lowering the minimum investment amount to $500,000 as opposed to $1,000,000. Through the marketing of previous projects, Houston EB5 has established strong investor pipelines in both Latin America and Africa, helping to assure complete capitalization of projects, said Emilio Guzmán, Chief Investor Relations of Houston EB5. The USCIS is also considering raising the minimum investment amount from $500,000 to $800,000 in September 2016 so interested investors should aim to complete their investment before the proposed increase, said Acho Azuike, Managing Director of Houston EB5.
The EB5 Investment Program is administered by the U.S. Citizenship & Immigration Services under the Department of Homeland Security. It allows investors who make a qualified investment to fast track permanent legal residency in the United States for themselves and their immediate family without the usual roadblocks or red tape associated with the immigration process.
Houston EB5 has stayed committed to bringing developments of impeccable design and elegance to Houston and to sustaining the strong economic environment from which the city has grown. Given that real estate investments remain much safer in nature than typical business investments, compounded with Houston’s strong economy, participants in Houston EB5’s projects can expect a more reliable and timely return on their investment. Houston EB5 believes Nigeria can become a crucial part in helping to expand the city’s skyline by investing in Houston EB5’s developments.Thompson-ad
Interested parties in this investment opportunity can make further inquiries as to how to proceed by contacting 3Invest, the project’s industry partner here in West Africa for further details.
3INVEST is an organization with a collective goal to develop ideas designed to change the way investors approach real estate in the future. This provides a foundation for our core brand values – “Live well, Work right, Invest wisely”
Mentions
- Houston EB 5 Regional Center (former name DC Partners Regional Center)
- Astoria Houston
- U.S. Citizenship and Immigration Services
- Acho Azuike
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- Texas
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