EB-5 News & Updates #124 May 02-09
Projects
 | Eckington Park | |
| Eckington neighborhood, there are plans to construct approximately 328 multi-family apartments over retail. Nine two-story loft units will be devoted to artist live-work spaces at low-income levels. The entire project will span 312,398 square feet. D.C.-based developer Foulger-Pratt also plans... | ||
 | Miami-Dade Steel LLC | |
| Miami-Dade Steel LLC, wants to build the $298 million steel mill project on about 123 acres of county-owned land. Unlike traditional steel plants, micro mills rely on electricity. The U.S. Air Force gifted the land, as part of a 600-acre portfolio, to the county in 2004 when the military... | ||
 | One Fulton Square | |
| One Fulton Square is a vibrant, mixed-use project with a total floor area of approximately 330,000 square feet. The project is the latest exciting development in downtown Flushing, playing an important part in the growth and development of the surrounding area. The plaza of One Fulton Square... | ||
 | Two Fulton Square (Tangram) | |
| Fee ownership of the project site has been secured for the project development and is fully controlled by the Developer. The project has qualified for the 421-a Tax Incentive program sponsored by the government which can significantly reduce the property tax burden on purchasers. In comparison... | ||
 | Onlone Parkway Village | |
| Onlone Parkway Village is a 153 unit mixed market rate and affordable rate condominium complex. Onlone Parkway Village is a 12.61-acre under-improved site comprised of two contiguous parcels located east of Ohlone Parkway and accessible by a 30-foot private road easement. The... | ||
 | Sports Center Mall | |
| This project envisions a 26 acre development with 15 outdoor multi-use play fields and a combination of indoor uses in a single 450,000 sq. ft. structure. The indoor uses will include a large indoor arena capable of holding 7,000 fans and large enough for indoor soccer, hockey, basketball... | ||
 | Manabe-Ow Business Park | |
| The 95 gross-acre (53 net acres of business park and retail) Manabe-Ow Business Park (MOBP) Specifi c Plan is anticipated to be the primary new employment and economic development area in the City of Watsonville over the next 25 years. Within the commercial areas, a... | ||
Posts
 | Changes coming to U.S. immigrant investor program | |
| Investors seeking a visa through the EB-5 program will face new restrictions anadians who enter the U.S. as visitors are typically allowed to stay for up to 180 days (six months) per year. Those who have purchased vacation homes in... | ||
 | 7 Tips For Businesses Looking For EB-5 Funding | |
| If you are a business owner looking forward to funding, you know how challenging it can become. The EB-5 Immigrant Investor Program is an alternative offering funding for investors. Back in the ’90s, the US government passed an act... | ||
 | American International School of Utah directors vote to close school | |
| Amid growing concerns about its financial viability, the likelihood of further state scrutiny of its operations and the possibility of additional liabilities, the board of directors of American International School of Utah voted... | ||
 | How the Interests of EB-5 Investors and CMBS Lenders Can Sometimes Be at Odds | |
| Situations where a property changes hands or defaults may prove tricky for situations where an EB-5 project is financed by a CMBS lender. A notable characteristic of the real estate capital markets over the last 20 years has been the... | ||
Updates
Firms Updates | ||
 | Nationwide EB-5 Investment Falling, But Foreign Investor Program Still Financing Several New D.C. Projects | |
| At least seven new D.C. developments are currently moving forward with funding through the EB-5 program, even as visa backlogs and political uncertainty have decreased the overall flow of money coming into the U.S.... | ||
 | Developer plans hotel on North Market St. | |
| A mid-sized office building on North Market Street could become a 136-room hotel. Driftwood Acquisitions and Development (DAD) – a privately held investment firm specializing in the acquisition, development, and investment syndication hotel... | ||
 | Coral Gables Hotelier Bets Big on Opportunity Zones With Projects and Funds | |
| Rendering of Hilton hotel under construction at 315 NW First Ave. in downtown Fort Lauderdale. Driftwood Acquisitions & Development has opened qualified opportunity zone funds with the goal of raising $50 million to finance five hotels.... | ||
Project Updates | ||
 | Burke Mountain land deal nixed over Act 250 concerns | |
| Burke Resort. The man overseeing Burke Mountain ski area as it emerges from an investor fraud scandal says a buyer for a piece of... | ||
 | Miami-Dade mayor’s son wants to build a $300M steel mill on county-owned land | |
| Julio Gimenez wants to build a $298 million steel mill project Development group plans to raise $50M from EB-5 investors Miami-Dade... | ||
Regional Center Updates | ||
 | Developer of The Allen, Texas’ High-Rise Invites EB-5 Investors | |
| The Allen, a mixed-use luxury development The Allen, Houston, offers unique opportunity to invest and naturalise in the U.S. 3INVEST has announced a unique real estate investment opportunity as they extend their partnership with Houston EB5 to... | ||
Litigation Cases
| Douglas Litowitz vs U.S. Immigration Fund, LLC | ||
Events
 | Building a Nation through Immigration 195 Montague St Suite 12C Brooklyn, NY 11201, Brooklyn, New York, US May 15th Wednesday 12 Noon to 2 PM Eastern Time Description "Building a Nation through Immigration" Topics We Will Be Covering at Our Free Workshop: *EB-5 Visa & Funding *L-1 Visas for New Offices in the US *Temporary Visa Options for Foreign Nationals including Ls, H-1B Visas, a... | Free |
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