On April 26, Mr. David Morris, Chairman of the Washington D.C. Regional Center and current Executive Director of the EB-5 Committee of the American Immigration Lawyers Association, wrote to Ms. Michelle, General Manager of the Project Management Department at WorldWay Immigration, to provide the latest updates on the Urban Square Project, which has garnered significant attention from EB-5 investors.
In his letter, Mr. Morris stated: “I can tell you without a single doubt that this project is absolutely on schedule. In fact, due to favorable weather conditions, the construction is ahead of schedule. Furthermore, all government funding, including allocations from the bonds issued by the D.C. government and the mortgage from the Department of Housing and Urban Development (HUD), was fully received last December.”
(Michelle - I can tell you without a single doubt that the project has absolutely no delay and (because of good weather) is actually ahead of schedule. Also, all of the government funding, D.C. bonds and HUD loan, were issued in full to the project in December. Regards, David Morris)
The reason this project has attracted the attention of EB-5 investors is that it is a federally designated infrastructure project approved by President Obama, and it is the only EB-5 project that can be found on the White House website in the past 22 years. The 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. Citizenship and Immigration Services. This undoubtedly presents a significant attraction for EB-5 investors looking to apply for a U.S. green card before the "9.30" deadline.
The project broke ground in November 2011 and is expected to be completed in 2014, with a total construction period of approximately 33 months. Even before construction began, the project team installed an open 24-hour construction monitoring system on-site. Anyone interested in the project can easily check the construction status at any time through the publicly available website of the monitoring system.
The public website for the construction monitoring system is as follows: http://oxblue.com/pro/open/clarkconstruction/citymarket
WorldWay Immigration is honored to hold the exclusive chief agency rights for this project in China. As the promotion of this project is nearing its end, there are limited spots remaining. Interested parties are encouraged to contact WorldWay's branches as soon as possible.
