This development, situated near the University of California, Berkeley, addresses the critical need for student housing and services in a high-demand area. Phase one features the University Avenue Property, a 0.23-acre site with a four-story building, including 37 student housing units, a Japanese/Chinese fusion restaurant, an entrepreneurial incubator, a cutting-edge tutoring business, and a beauty salon. Phase two expands the McGee Avenue Property, adding 12 units to the existing student housing, enhancing its capacity and appeal. Located within a 20-minute walk from UC Berkeley, both properties benefit from being in a High-Unemployment Targeted Employment Area, offering a reduced EB-5 investment threshold of $800,000. With a significant market opportunity due to UC Berkeley's limited on-campus housing, this project promises a blend of residential, culinary, and educational facilities, making it an attractive proposition for investors seeking to contribute to a vibrant student community.

Investment Highlights

Area Invested In

High Unemployment

I-526E Processing

Normal

Investment Amt

$800,000

Admin Fee

$80,000

Total EB-5 Raise

$12,000,000

Total Project Cost

$38,820,996

Investment Term

3.5 Years

Target Investor Return

2% Annual Return

Required Jobs

150

Estimated Jobs

246

Job Cushion

64%