The USA (EB-5)

NEW COMING EB-5 REGULATIONS

• An increase in the minimum Targeted Employment Area (TEA) investment threshold from US$500 000 to US$900 000;
• TEA's will now be centrally designated by Department of Homeland Security (DHS) and a majority of current TEAs will no longer qualify;
• Effective Date: November 21, 2019;
• Any EB-5 case filed before November 21st 2019 will be grandfathered under the current rules and lower investment amount of US$500 000 for TEA projects will be allowed.

PROJECT DETAILS

Floors: 12
Land Area: 1.6 acres
Luxury Condominium Units: 157
Total Space: 331,214 ft2 / 30,771 m2
Amenities: Elevated resort-style pool and spa, fire pit, entertaining club room, news room, board room, fitness center, private storage area
Condominium: 281,214 ft2 / 26,126 m2
Offices: 15,000 ft2 / 1,394 m2
Retail: 35,000 ft2 / 3,252 m2

Waterfront tower in downtown Sarasota featuring luxury condominiums, retail, office space, and parking.
Mixed-use project with world-class access to downtown commercial district.

ABOUT THE PROJECT

• 12-story luxury condominium, office, and retail development in Sarasota, Florida
• Luxury finishes, amenities, and contemporary design
• Condominium sizes range from 1,300-3,000 ft2 / 121-279 m2
• Amenities include a clubhouse, fitness center and pool with cabanas
• Vertical construction has reached the fifth floor as of August, 2018
• $15 million in EB-5 capital, 12% of total cost
• 42.7 jobs per investor for 30 EB-5 investors
• USCIS I-924 Exemplar Approved
• Individual Investor I-526 Approved
• All required EB-5 jobs have already been created
• Vertical construction has been completed