AscendAmerica is an EB-5 Regional Center focused on investment in large-scale commercial real estate development in New York, New Jersey, Pennsylvania & Connecticut. Our opportunities are tailored to foreign nationals seeking to obtain permanent residency in the United States.
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The EB-5 Program Explained |
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AscendAmerica’s Unique Approach to EB-5 |
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One Domino Square, located on the Williamsburg Waterfront in Brooklyn, New York, is a luxury residential project that includes ground floor retail space. The project is part of Two Trees Management Co.’s $2 billion redevelopment of the former Domino Refinery campus just north of the Williamsburg Bridge. The project is virtually complete and 271 of the 279 market rate apartments have been leased. Approximately 70 jobs/investor have already been created. One Domino Square is in a TEA and eligible for the reduced investment requirement of $800K. The I-956F (formerly known as an “exemplar”) petition for this project has been approved by USCIS. Contact us for details at [email protected]
The Refinery is located on the Williamsburg Waterfront in Brooklyn, New York. The landmarked building, formerly the Domino Sugar Refinery, is part of the $2 billion redevelopment of the Williamsburg Waterfront undertaken by Two Trees Management Company. Construction of the project is complete and leasing in currently underway with multiple tenants signed and approximately 40% of the space currently occupied. Equinox, the high-end fitness brand, has leased approximately 40,000 square feet across three floors and, in December 2024, opened the first lux gym in the Williamsburg market. Approximately 55 jobs/investor have already been created. The project is in a TEA and therefore eligible for the discounted investment requirement of $800K. The I-956F (formerly known as an “exemplar”) petition for this project has been approved by USCIS. Contact us for details at [email protected]
Financing:
$262 Million Total Project Cost
$168 Million NY State HFA Bonds (64%)
$74 Million Developer Equity (28%)
$20 Million EB-5 Capital (8%)
EB-5 Details:
40 EB-5 Investors
$20 Million EB-5 Capital Raised
Job Creation Requirement Exceeded
(62 jobs/investor)
Project Status:
Fully Subscribed
100% I-526 Approval Rate
100% I-829 Approval Rate
Developer has repaid investments on schedule
Financing:
$287 Million Total Project Cost
$180 Million NY State HFA Bonds (63%)
$80 Million Developer Equity (28%)
$27 Million EB-5 Capital (9%)
EB-5 Details:
54 EB-5 Investors
$27 Million EB-5 Capital Raised
Job Creation Requirement Exceeded
(50 jobs/investor)
Project Status:
Exemplar Approved
Fully Subscribed
100% I-526 Approval Rate
100% I-829 Approval Rate
Developer has repaid investments on schedule
Financing:
$303 Million Total Project Cost
$175 Million NY State HFA Bonds (58%)
$100 Million Developer Equity (33%)
$28 Million EB-5 Capital (9%)
EB-5 Details:
56 EB-5 Investors
$28 Million EB-5 Capital
Projected Job Creation: 2,640+ Jobs
(47 jobs/investor)
Jobs Created as of September 30, 2018: 930 Jobs (16+ jobs/investor)
Project Status:
Exemplar Approved
Fully Subscribed
Construction Complete
100% I-526 Approval Rate
100% I-829 Approval Rate
The massive redevelopment of the old Domino Sugar Refinery on the Williamsburg waterfront is progressing with the debut of Domino Square, a new one-acre park designed for public programming. The egg-shaped plaza in the middle of the space will be used as an ice skating…
Two Trees Management has announced the debut of One Domino Square, located on the Williamsburg waterfront in Brooklyn. The project, which sits near the Williamsburg Bridge at 8 South 4th Street, is the first residential skyscraper by Selldorf Architects, and consists of interconnecting 55- and…
Two Trees Management has announced the completion of Domino Square, a one-acre public space that is an extension of Domino Park and which sits in the heart of the larger redevelopment of the former Domino Sugar Refinery site in Williamsburg, Brooklyn. Even though Domino stopped…
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