Congress created the EB-5 Program (the “Program”) in 1990 to benefit the U.S. economy by attracting investments from qualified foreign investors. Under the Program, each investor is required to demonstrate that at least ten new jobs were created or saved as a result of the EB-5 investment, which must be a minimum of $800,000. In 1992, Congress enhanced the economic impact of the EB-5 program by permitting the designation of Regional Centers to pool EB-5 capital from multiple foreign investors for investment in economic development projects approved by U.S. Citizenship and Immigration Services (USCIS) within a defined geographic region. The EB-5 Program has attracted tens of billions in capital investment across the globe to support American businesses, creating hundreds of thousands of job opportunities for U.S. workers.
Nexo Residences offer a new, urban autonomy for Independent homeowners, featuring 15 stories & 254 Luxury Residences, including fully-furnished studios, 1 to 4 bedroom configurations, designed for home-sharing. Short-term, seasonal, & long- term rental flexibility with no restrictions. All Units will include smart key access, smart home management, self-service package lockers, residential booking management, Housekeeping, and guest communication with On-Site Concierge Services. Reception & Concierge Tech Center w/ Café and Business Center Plaza & Playground Bike Storage (35 Bikes Stored) Self-Service Package Locker Room (High-Tech Delivery System) Electric Car Charging Stations Multi-purpose Clubroom & Private Event Space Fitness Center & Terrace Yoga Studio Resort-Style Deck & Pool & 2 Spa Pools Outdoor Bar with Grill & Summer Kitchens
More Info...Extell Development Company presents an exclusive pre-market opportunity at its new year-round mountain resort in Park City, Utah. This world-class alpine village located adjacent to Deer Valley will be North America’s first new ski resort to be developed in over 40 years. The residential component of the property features 55 luxury condominiums ranging in size from 1-4 bedrooms. The hotel features 387 rooms, 60,000 square feet of event space, including a grand ballroom over 10,000 square feet, pre-function areas and multiple conference rooms. This luxury property will also include numerous amenities; outdoor year-round heated pool and hot tub, ski valet, underground parking, fitness center, and a diverse assortment of dining options.
More Info...The Project’s master plan has a total of 1,210 home sites of which 850 home sites have been sold. The project consists of 7 Phases. The first four phases of the Project were completed between 2007 and 2020. Development work has been completed in Phases 1-4 which included roads, utilities, residential building pads, common area landscaping, and other site improvements. Amenities completed during the first four phases and now operational include two golf courses, Golf School, Tennis School, clubhouses with dining areas and locker rooms, pools with water slides and kids play area, hot tubs, tennis courts, equestrian center, fitness center, yoga studio, pickleball court, trails, and a golf practice area.The EB-5 “Project” consists of Phases 5-7, these final three phases will be completed between 2021 and 2027 at a total development cost of $422.1 million. This will bring additional infrastructure, including the construction of roads, utilities, landscaping, park improvements, and trails. Vertical construction during the final three phases will include the addition of common-area amenities, condominiums, and the construction of single-family residences. The Company’s home building program released 23 single family residences which will be completed Fall 2023. Average sales price of $2.5M. Of the 23 homes built, 10 are closed, pending or under reservation with all to be closed by the end of 2023. We are under construction on a phase of 17 buildings with 3 units/building for a total of 51 units. We are under construction on 3 buildings with a model. Opening model date is August 2023. We will have 9 sold by end of 2023 with the first closings in 2024. Home building will break ground on 40 units in spring 2024, due to demand of the product.
More Info...The Project Sponsor has purchased 160 acres and all the buildings in the town of Marble Canyon, located near the North Rim of the Grand Canyon. The North Rim and the surrounding attractions are the most sought-after outdoor experiences in and around the Grand Canyon National Park, and yet no high-quality lodging options are available. Terra Vi Marble Canyon will provide an immersive and integrated travel experience that connects travelers to nature and wellness through awe-inspiring views, a sustainable eco-resort, and a diverse set of activities and adventures. The property will include 110 hotel rooms (between the Marble Canyon Lodge and Terra Vi Lodge) and related amenities.
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