As the exclusive chief agent in Greater China, Worldway proudly presents another U.S. investment immigration EB-5 project that has received I-526 exemplar approval: 90 Columbus. The project will be launched nationwide on October 30, 31, and November 1, helping investors secure their spot on the final bus for U.S. investment immigration before the December 11 deadline.
Overview of 90 Columbus:
90 Columbus is a multi-family rental apartment building with 51 floors and a total of 634 units. Located at 90 Columbus Avenue in Jersey City, often referred to as the "back garden" of Manhattan, New York, it boasts a prime location with convenient transportation. Floors 2-47 are rental units, which will reach luxury standards upon completion. Additionally, the project includes 1,179 parking spaces and extremely convenient surrounding amenities, attracting a large number of white-collar professionals working in Manhattan to settle here.
Over the past 10 years, the average vacancy rate in the local apartment market has been only 3.8%, and even during the economic downturn in 2009, the vacancy rate was only 5%. By 2013, the vacancy rate dropped to 3.6%. With the strong economic growth and recovery of Jersey City, the average vacancy rate in the local apartment market is expected to decline further.
Advantages of the 90 Columbus Project:
1. The complete set of I-526 project documents has received exemplar approval from the USCIS.
2. The project uses the RIMS II economic model to calculate employment, creating 2.4 times the number of jobs required by the USCIS.
3. EB-5 capital accounts for only 15.3% of the total project cost.
4. Strong repayment capability: Colliers International, a world-renowned commercial real estate appraisal firm, has issued a valuation report for this project. Once the project is completed and operational, EB-5 capital will account for only 10.9% of the project's market value.
5. Prime location: The project is located at 90 Columbus Avenue in Jersey City, known as the "back garden" of Manhattan, directly across the river from Manhattan, New York. Many commuters working in Manhattan live here. The project is adjacent to the subway station, and it takes only about 20 minutes to reach the Financial District in Manhattan by subway.
6. Significant appreciation potential: This property is a scarce apartment resource with a Manhattan concept, offering great appreciation potential. The developer plans to rent rather than sell, capturing both rental income and appreciation benefits.
7. Strong developer: The developer of this project, Ironstate, is one of the largest privately-owned real estate development companies in the northeastern region of New Jersey. It is primarily involved in the development and management of large-scale comprehensive projects, with participation in apartment and hotel projects worth billions of dollars. Currently, it is developing residential, hotel, and mixed-use projects worth over one billion dollars.
With the U.S. investment immigration December 11 deadline approaching, the 90 Columbus project, with its full set of project documents already receiving USCIS I-526 exemplar approval, sufficient job creation, a strong developer, low EB-5 capital ratio, and low investment and repayment risks, has become a high-quality project for those racing to catch the December 11 final bus. Reservation Hotline: 400-138-2929
90 Columbus Project Shanghai Launch Event:
Time: October 30 (Friday) 14:00
Location: Four Seasons Hotel, 2F Zhengda Salon (No. 210 Century Avenue, Pudong New Area, Shanghai)
90 Columbus Project Shenzhen Launch Event:
Time: November 1 (Sunday) 14:30-17:00
Location: Four Seasons Hotel Shenzhen, 29th Floor, Lily & Lotus Room (No. 138 Fuhua 3rd Road, Futian District, Shenzhen)