Immigration Program Full Due to Wealthy Chinese Population
by Sep Niakan | October 06, 2014
The EB-5 immigration program is sold out for the first time since it was created 24 years ago. However, new slots will open in the beginning of October.
The EB-5 is an immigration program that allows foreigners to gain the right to live in the U.S. if they invest at least $1 million, or $500,000 in certain areas, in the U.S. The program has a maximum limit of 10,000 applicants per fiscal year beginning in October.
Jeff Berkowitz is hoping to utilize the EB-5 program’s income as a source of funding for the SkyRise Miami project.
The program does not allow any country to fill more than 7% of the open slots. However, the federal government is allowing Chinese immigrants to take the unused slots.
Because of that, 85% of the visas are going to the wealthy Chinese population.
by Sep Niakan | September 27, 2016
Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...
by Sep Niakan | September 26, 2016
Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...
by Sep Niakan | September 23, 2016
The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...