Projects Now Open to EB-5 Investors:
(by Smith Central Regional Center)
Kansas City Club Hotel
The Kansas City Club Hotel building was originally completed in 1922. The club was a gathering place for businessmen and politicians and its members include two former presidents, Harry Truman and Dwight D. Eisenhower. In 2016 the property was voted best wedding venue in Kansas City. In 2018 construction started and the plan is to convert the building into a 141-room hotel with a basement game room with a bar and food service, a restaurant off the lobby, a lobby bar, fitness center and 22,825 square feet of meeting space including a rooftop terrace.
210 North Stetson, Chicago
210 North Stetson is a mixed-use, residential and retail development located in the highly-visible heart of the Loop, a bustling commercial area and vibrant cultural center in downtown Chicago, Illinois. The project will contain approximately 639 residential housing units, 17,500 square feet of retail space and 271 parking stalls. The development will be highly-amenitized and will include: a resident lounge / kitchen area, gym, yoga studio, level 2 outdoor amenity deck, media room and rooftop amenity deck + pool, amongst other items. In addition, the Project will maintain a sophisticated landscaping plan that will be complimented by a grand turnaround entrance off Stetson Avenue, a retail patio, lawn area, bike pavilion and dog run.
The Stonegate is a second-phase apartment building that is part of a multi-phased planned development for the Village, located in Arlington Heights, Illinois. The Village consists of the first phase apartment project called One Arlington apartments (completed in 2015); a 102-room hotel; 35,000 square feet of retail space; and an independent living facility for seniors. The Stonegate will contain approximately 263 residential housing units and supporting parking facilities.
Completed EB-5 Project:
(by Smith Central Regional Center)
Smith Central Regional Center (formerly known as Central Western Regional Center) has sponsored EB-5 investors in multiple Burger King stores in Illinois and Ohio.
What is an EB-5 Regional Center?
An EB-5 Regional Center is a service agent organization designated by the United States Citizenship and Immigration Services (USCIS) that sponsors capital investment projects for investment by EB-5 investors and developers looking to complete a project under the EB-5 Program. Also known as "Immigrant Investor Program", this program has become an important source of investment for development projects in the U.S. whose purpose is to create jobs and growth in a Targeted Employment Area (TEA). The EB-5 Program is designed to allow foreign investors to gain permanent residence (a “green card”) in the United States. To qualify for the EB-5 Program, they can invest directly in a job-creating project, or through a USCIS approved Regional Center.
Most EB-5 investors and developers choose the Regional Center route because it relieves the investor from managing their EB-5 investment. For the investor, this means they do not have to live near their investment and can live and work in any state. For the developer it means an experienced regional center staff can act in a managerial role such as finding investors, raising capital, handling legal matters, and filing the necessary paperwork and I-526 petitions. If your project is to construct apartments or mixed-use real estate, you will need to partner with a regional center because your project is not likely to create enough direct jobs to qualify for EB-5. There are other huge benefits of partnering with a Regional Center that you can learn about in our FAQ section, "Benefits of EB-5 Regional Center".
Smith Central Regional Center covers these 9 states:
What drives demand for development projects? Job growth.
In 2017, Illinois had the 2nd highest number of tower cranes in operation in any U.S. city, due largely to companies relocating to the Chicago area, and despite some economic challenges, companies continue to invest in the area. Construction in Indiana continues to grow. Multifamily, and mixed-use projects are steady and active, and the leases continue to fill up. The commercial real estate market in Michigan continues to gain momentum, and the multifamily market also remains hot. Employment in Ohio is finally back near the peak of 18 years ago, and massive billion dollar construction projects will anchor what is expected to be record setting construction season in 2019. Wisconsin continues to add jobs and construction continues to perform well compared to other states, with mega-projects on the horizon. Kansas growth has exceeded the national average and new jobs in construction experienced 3% growth in 2018, based on positive indicators in both the housing and commercial real estate markets. The rebirth of downtown Springfield, Missouri is seeing a lot of new construction. With its low taxation system, and low property taxes, Missouri is an appealing real estate market that has attracted significant investment over the past few years. The Pennsylvania commercial real estate industry will see nine years of consecutive growth, if the 2019 forecasts materialize. Kentucky is currently ranked 24th in the U.S. for its economic performance. With private-sector construction vigorous, 2018 was expected to be by far its best year ever for economic development, and there is genuine optimism about the future.
EB-5 Visa Projects = Job Growth = Livability
Also known as the “Midwest”, Illinois, Indiana, Michigan, Ohio and Wisconsin, are home to The Great Lakes, Rock-and-Roll Hall of Fame, countless pro sports teams and thousands of acres of farmland. Kansas and Missouri are also part of the Midwest that epitomizes the U.S. heartland with its Great Plains setting of rolling wheat fields, scattered woodlands, low mountains, as well as caves and lakes. The land is dissected by streams and rivers, including the major rivers; Mississippi River and Missouri River. The Midwest is a beautiful place with short steamy summers, long frigid winters, and a comfortable spring and fall. Cheese curds, Chicago-style hotdogs, Cincinnati chili, St. Louis BBQ and Minnesota sugar cream pie define the culture, along with more than 100 top-rated breweries.
Located in the far Northeast corner of the U.S., Pennsylvania is technically not a state - it's a commonwealth, meaning the focus is on the common welfare for all citizens, though there's no real difference between how states and commonwealths function in the United States. Almost totally covered by mountains, most of the state is a series of rolling hills, plateaus, ridges, and valleys. Over 50% of the land is still covered by forest land. The climate has hot muggy summers to cold and snowy winters, and one of the most beautiful and varied fall foliage displays on Earth. Pennsylvania is jammed packed with top colleges and universities such as Penn State and Carnegie Mellon.
Kentucky, also known as the "Bluegrass State", is a nickname based on the bluegrass found in many of its pastures due to the fertile soil. The state is bounded by the Ohio River in the north and the Appalachian Mountains in the east. It has a moderate humid subtropical climate, with abundant rainfall and four distinct seasons, but rarely experiences the extreme cold or high heat. Kentucky is a mix of small town / big town. There's trees and hills everywhere. You drive past farms full of horses and cows and the next minute you're driving past big subdivisions. There's a good mix of arts and theater, and of course the famous Kentucky Derby horse races each May at Churchill Downs in Louisville.