We can’t go back to our pre-pandemic ways of thinking. Business as usual won’t do. The workforce won’t tolerate the old ways, and they shouldn’t have to. People in the U.S. and around the world finally began to comprehend what globalization means, how vulnerable we are as human beings and as a planet. Our priorities have shifted – I believe for good, and for the better.
Lulu Gordon, Senior Vice President & General Counsel, EB5 Capital
WASHINGTON, June 14, 2021 (GLOBE NEWSWIRE) — EB5 Capital joins Foulger-Pratt in celebrating the opening of two multifamily developments this month in Northeast Washington, DC.
Press House and One501 both opened on June 1, 2021. Press House, EB5 Capital’s 21st project, consists of two towers with 356 apartments and approximately 15,000 square feet of ground-floor retail. One501, EB5 Capital’s 26th project, offers 327 apartment units and 9,000 square feet of ground-floor retail. Both Press House and One501 are metro-accessible and only minutes away from DC’s renowned Union Market, a gourmet food hall that has become a mecca for food connoisseurs from around the DC area. EB5 Capital and Foulger-Pratt have collaborated on three EB-5 projects together.
“We congratulate Foulger-Pratt and EB5 Capital’s 135 foreign investors on these major milestones,” said Patrick Rainey, EB5 Capital’s Senior Vice President of Investments. “Both Press House and One501 are unique in their own ways and bring incredible value to the NoMa and Eckington submarkets.”
Over the past decade, the District of Columbia has experienced a 14.6% increase in its population, representing the seventh highest urban growth rate in the United States. Most COVID-19 restrictions have been recently lifted in DC and the multifamily market is experiencing a steady increase in demand. EB5 Capital continues to focus on multifamily investments in the DC metro area and is currently raising capital for a similar project.
About EB5 Capital
EB5 Capital provides qualified investors from around the world with opportunities to invest in job-creating commercial real estate projects to obtain U.S. permanent residency, as well as private equity investments and secondary passports. For more information, visit http://www.eb5capital.com.
We are excited to announce that José Andrés will be opening two restaurants at our JF22 Project – NYC Ritz-Carlton. The hotel is currently under construction and is scheduled to open in the NoMad District in Manhattan this fall. For more information on José Andrés’ plans for JF22’s food and beverage space, please read this article.
We are excited to announce the launch of our new Investor Portal. Through our secure portal, our investors will gain direct access to important information related to their EB-5 investment, including project documents, investor reports, construction camera links, USCIS immigration notices, case processing times, relevant tax forms, and more. To best manage this launch, our team will roll out the portal to our investors and partners in phases (by project) over the course of 2021. To our investors who have already been invited to join the portal, we encourage you to explore all the wonderful features offered by the new platform and provide feedback to us. Your input is valued, and we would appreciate hearing from you. We are thankful for your support and we look forward to sharing this new service with you! If you have any questions about the portal, please contact eb5portal@eb5capital.com.
CEO & founder of EB5 Capital, Angel Brunner, speaks to Bloomberg Markets about the future of commercial real estate in the post-pandemic world.