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.
The EB-5 Program Explained |
The EB-5 Program Explained |
AscendAmerica's Unique Approach to EB-5 |
AscendAmerica’s Unique Approach to EB-5 |
Risk Mitigation |
Risk Mitigation |
The Refinery is located on the Williamsburg Waterfront in Brooklyn New York. The landmarked site of the former Domino Sugar Refinery, is part of a $2 Billion redevelopment of the Waterfront by Two Trees Management Co. The project is nearing completion and expected to begin leasing in the coming months. The project is located in a TEA and therefore eligible for the reduced investment requirement of $800K. Contact us for details at info@ascendamerica.com
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
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
(as of March 4, 2020)
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 Underway
Domino Refinery Featured in NY Times Culture’s Fall Preview 2023: “The most consequential kind of double take in architecture, especially when it comes to grappling with the climate crisis, is adaptive reuse: the reconfiguration of existing buildings to give them new lives without wasting the…
This month, Untapped New York Insiders got to join Two Trees Managementfor behind-the-scenes hard hat tours of the historic Domino Sugar refinery building, now known as The Refinery at Domino. The landmarked brick shell of the building is being transformed into an all-electric Class A…
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