A new investment opportunity has opened in the property market as Houston EB5, in partnership with 3INVEST, has introduced into the market a new facility in the heart of Texas Hill and Wine Country.
The new development, called The Fredrick, is the latest addition to the Houston EB-5 projects portfolio which includes The Allen, Thompson San Antonio, Astoria, Arabella condominiums, Eighteen25 apartments, Moderno Porcelain Works, and Marlowe condominiums.
The Fredrick is located in Fredericksburg, Texas, between Austin and San Antonio, the top two fastest-growing cities in the state. That part of Texas hosts over 1.2 million tourists a year and is consistently named a top travel destination.
According to the promoters, this project also offers residency opportunities for investors wishing to invest and live in the US, having received EB5 Priority Processing designation which ensures the fastest possible processing times in the EB5 program.
The promoters explained in a statement at the weekend that the project was designated as a rural project allowing for a minimum investment of $800,000 and 20 percent visa set aside for rural Targeted Employment Area (TEA) projects as against 10 percent for urban TEA projects.
It is expected that The Frederick will utilize the last remaining parcel of land on Main Street in Fredericksburg to meet the burgeoning demand for hotel, residential, and retail space.
Spanning over 22 picturesque acres in Texas Hill Country, the development has been thoughtfully laid out to achieve an efficient, spacious, and well-amenitized landmark. It will deliver 200-unit Resorts; 38 Condominium units comprising 1, 2 and 3 bedrooms; 220 for-rent multi-family units, and 29,300 square feet of retail space.
“We are very excited to offer ‘The Frederick’ to our EB-5 investors as it combines the best of both worlds: the fastest possible way to gain permanent residency through the EB-5 Program and a world-class real estate project in the fastest growing region in the United States, which is Central Texas,” Roberto Contreras Jr, managing director of Houston EB-5, said.
Read also: Developer shows confidence in economy, launches Rockhampton Residence
Ruth Obih, managing director of 3INVEST, added that the new real estate project and its priority processing designation have brought another ray of hope to potential EB5 investors.
Acho Azuike, COO, DC Partners, recalled that when the opportunity to develop a mixed-use project and to work with the city of Fredericksburg came about, they knew instantly that they had something special not just for the city, but also for their EB-5 investors.
Contreras Jr explained that the EB-5 Immigrant Investor Program has gone through significant changes in 2022 with the enactment of the EB-5 Reform and Integrity Act (RIA) in March 2022.
The new law, he explained further, contained significant protections and transparency measures for the benefit of EB-5 investors and features priority processing for investors that invest in projects outside of large cities.
Certified by United States Citizenship and Immigration Services (USCIS) as an EB-5 Regional Center, Houston EB-5 has worked diligently to provide success for clients on I-526 and I-829 approvals.
Houston EB-5 is vertically integrated with a leading Texas-based development company, DC Partners. With over 20 successful EB-5 raises and projects totalling $1.5 billion in value, Houston EB-5 projects have sponsored more than 1,300 green cards and a 100 percent capital repayment history.
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
