The 90 Columbus apartment project, for which Worldway serves as the exclusive chief agent in Greater China and which has received I-526 exemplar approval, stands out among numerous real estate U.S. EB-5 immigration projects as a rare luxury apartment development with a Manhattan concept, and has recently been highly sought after by investors.
The 90 Columbus apartment project is located at 90 Columbus Drive in Jersey City, known as the "back garden" of Manhattan. It faces Manhattan across the river and enjoys convenient subway access, attracting many white-collar and high-income professionals from Manhattan to reside there. This property is a rare apartment resource with a Manhattan concept and significant appreciation potential; even during the 2009 economic downturn, its average vacancy rate was only 5%. The developer plans to rent rather than sell, aiming for dual benefits from rental income and asset appreciation.
Rendering of the 90 Columbus Apartment EB-5 Project
The December 11 deadline for U.S. investment immigration will trigger two major shifts in the EB-5 industry: an increase in investment amounts and changes to job calculation methods. The reclassification of TEA (Targeted Employment Area) regions is likely to be one of the major reforms of the December 11 policy change. EB-5 investors will likely be forced to invest in remote rural areas. As a rare EB-5 apartment project with a Manhattan concept, an excellent location, ultra-low vacancy rates, and a "rent-only" strategy, this project is absolutely a scarce resource among EB-5 apartment projects.
Furthermore, the developer of the 90 Columbus project, Ironstate, is one of the largest privately-owned real estate development companies in the northeastern New Jersey region. It has participated in apartment and hotel projects worth billions of dollars, and is currently developing residential, hotel, and mixed-use projects valued at over one billion dollars. Once the project is completed and operational, EB-5 capital will account for only 10.9% of the project's market value.
As the December 11 deadline for U.S. investment immigration approaches, the 90 Columbus apartment project has become a high-quality project for those looking to catch the last train before the deadline, thanks to its numerous advantages: a full set of project documents already approved by the USCIS with an I-526 exemplar, sufficient job creation, a strong developer, a low proportion of EB-5 capital, and low investment and repayment risks. Reservation Hotline: 400-138-2929
90 Columbus Apartment 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 Apartment Project Shenzhen Launch Event:
Time: November 1 (Sunday) 14:30-17:00
Location: Shenzhen Four Seasons Hotel, 29th Floor, Lily & Lotus Room (No. 138 Fuhua 3rd Road, Futian District, Shenzhen)