10th Anniversary of U.S. Investment Immigration — 90 Columbus Apartment Project Subscription Event
Time: March 6 (Sunday) 14:00-17:00
Location: Conference Room CD, 3rd Floor, Shanghai International Convention Center, 2727 Riverside Avenue, Pudong New Area, Shanghai
Reservation: 400-0907-099
Overview of 90 Columbus Apartments:
The 90 Columbus Apartment project is a multi-family rental apartment building with 51 floors and a total of 634 units. It is located at 90 Columbus Avenue in Jersey City, known as the "back garden" of Manhattan, New York, offering a prime location and convenient transportation. Floors 2-47 are rental units, which will reach luxury standards upon completion. In addition, the project includes 1,179 parking spaces and extremely convenient surrounding amenities, with numerous advantages attracting a large number of gold-collar and white-collar workers employed in Manhattan to settle here.
Over the past 10 years, the average vacancy rate of the apartment market in this area has been only 3.8%, and even during the economic recession 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 Apartment Project:
1. The complete set of I-526 documents for the project has received exemplar approval from the USCIS.
2. The project uses the RIM 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 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, 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 potential for property appreciation: This property is a scarce apartment resource with a Manhattan concept, offering great potential for appreciation. The developer plans to rent rather than sell, capturing dual benefits from rental income and appreciation.
7. Strong developer strength: The project developer, 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 valued at billions of dollars. Currently, it is engaged in the development of residential, hotel, and mixed-use projects worth over one billion dollars.
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