The 80 subscription slots for the Urban Square Project Phase II in Washington, D.C. have been sold out in the past two and a half months. Worldway, as the sole chief agent for this project in China, holds over 50% of the market share. Following a decision by the regional center and Worldway, this project will officially close on June 8. The Washington Regional Center is about to launch another highly anticipated new project supported by the Washington D.C. government, and Worldway will continue to be the sole chief agent for this project in China. Please stay tuned for the latest updates on the Worldway website.
After the launch of the Urban Square Project Phase II, it has gained favor among many Chinese investors, who consider this project to be an ideal investment opportunity. Its advantages far surpass those of other EB-5 projects: it is located just one mile from the White House; it is the only EB-5 project that received special approval from President Obama; it is the only EB-5 project that can be found on the White House website; the number of jobs created by this project is 2.6 times the requirement set by the immigration bureau, making it the real estate EB-5 project with the highest job creation rate, fully meeting the immigration bureau's requirements for lifting the conditions on green cards.
The Urban Square Project is one of the 14 fast-track infrastructure projects approved by President Obama and is the only EB-5 project that can be reviewed on the White House website in the past 22 years. The U.S. federal government and the Washington D.C. government have provided 56% of the project funding, and all EB-5 investors from Phase I of the project have received approval from the U.S. immigration bureau. The approval of applications for Phase II of the project is therefore without doubt.
The "Urban Square Project II" is located in a Target Employment Area (TEA) just one mile from the White House. Washington D.C. is the capital of the United States and the location of the three pillars of the federal government: the White House, the Capitol, and the Supreme Court, as well as many federal agencies and international organizations. Additionally, the height restrictions in downtown Washington keep property prices high, accelerating the redevelopment of older areas. The "Urban Square Project II" was created in response to this market demand. The project officially commenced on November 18, 2011, and is currently progressing well. Investors can track the project's progress 24/7 through the cameras set up on-site, ensuring the protection of their personal rights.
This project has created 2,394 jobs, and the 10 jobs required for Phase I and a maximum of 80 jobs for Phase II only need 900 jobs to meet the requirements of the U.S. immigration bureau. The job creation numbers have been recognized by the U.S. Department of Housing and Urban Development.
David Morris, the chairman of the regional center and managing partner of the EB-5 limited partnership, is one of the ten key attorneys on the EB-5 Committee of the American Bar Association, with 18 years of experience in EB-5 immigration consulting, laying a solid foundation for investors to obtain permanent green cards.
Worldway has focused on the investment immigration industry for 15 years, operating under two brands, with immigration licenses in three regions and seven branches. It has been the only immigration agency to win the "Best Immigration Agency Award" at the U.S. EB-5 Annual Conference for two consecutive years. We hold a significant advantage in U.S. EB-5 projects and are the sole chief agent and important partner for numerous regional centers in the Greater China region. The launch of Urban Square Project II has garnered strong interest from investors due to its selected project advantages, quickly filling all slots in a short period, once again demonstrating Worldway's outstanding influence. Worldway will continue to strive and represent another highly valuable EB-5 new project launched by the Washington Regional Center, and we encourage all immigration investors to pay attention.
