Manhattan has long been world-renowned for its significant position in the global economy. The East River Waterfront Esplanade project is located in Lower Manhattan, where famous landmarks such as Wall Street, the Statue of Liberty, Battery Park, and Greenwich Village are situated. It is understood that the total investment for the Manhattan East River Waterfront Esplanade project is $308 million. Of this, direct government investment amounts to as much as $214 million, with the New York City government, the New York City Economic Development Corporation, the New York City Department of City Planning, and the New York City Department of Transportation all participating, and the project has been entrusted to the top New York City real estate development firm, The Dermot Company, for development. The planned EB-5 capital to be raised is $77 million, which can accommodate 154 EB-5 investors, making it one of the most widely watched U.S. EB-5 projects this year.
The New York City Regional Center is honored to once again launch a project located in the heart of New York City that is secure and capable of creating a significant number of jobs. The East River Waterfront project, with an estimated cost of $308 million, will redevelop a key section of the East River waterfront in Lower Manhattan. This project is also a major initiative by New York City Mayor Michael R. Bloomberg to stimulate economic development in Lower Manhattan.
The project includes:
• Redevelopment of the Battery Maritime Building, one of New York City's oldest transportation facilities
• Construction of waterfront esplanades, pedestrian walkways, and vehicular lanes along the waterfront
• A series of works to improve and expand ferry services
[Note]:
1. All project information is subject to the official offering documents;
2. EB-5 investment involves risks, and applicants should make independent judgments.
