EB5 United Okeechobee, LLC seeks EB-5 capital to finance the development of the Lakefront Estates and Villas in Okeechobee, Florida, a purposefully designed township tailored to meet the specific requirements of the Orthodox Jewish community (the "Project").
The Project is located in Okeechobee, Florida, and qualifies as a rural area.
he state of Florida boasts the third-largest Jewish population in the United States, creating an ideal market opportunity for the success of this Project. This demographic of Jewish individuals, couples, families, and retirees in southern Florida is continuously growing, making it an attractive target market. By creating a community infrastructure that aligns with Jewish values and promotes communal bonds, the Project aims to attract potential buyers seeking a sense of belonging and community. This demand is further fueled by the unavailability of affordable large family homes in Jewish communities in New York and California.
The Project's marketing strategy also targets telecommuters and first-time homebuyers seeking affordable rates, thus expanding its potential audience. Additionally, the location of the Project in southern Florida, with its warm climate, beautiful beaches, and low property tax, is a significant selling point. Moreover, the state's lack of income tax and substantial government support for students further adds to its appeal.
The Project is expected to create 6,801 jobs, resulting in an excess of 5,551 jobs or approximately a 444% job cushion.
The total cost of the Project is $651,571,000. The Project is raising up to $100,000,000 from 125 EB-5 investors through a Private Placement Memorandum dated October 26, 2022.
The Project is sponsored by Florida EB5 Investments, LLC.