EB5AN is pleased to release the latest construction footage from Wohali Utah, a rural EB-5 project located near Park City, Utah.
Through its rural designation, Wohali Utah combines the potential for fast Green Card approval with solid financials and rapidly progressing construction. This brings Wohali’s EB-5 investors steadily closer to Green Card approvals and a return on their funds.
The January 2024 video update showcases the project’s significant strides toward completing key buildings, including the Gate House, and the first amenities for Wohali residents.
Overview of Construction Progress
Sales and Real Estate Market Update
Immigration Benefits for EB-5 Investors in Wohali Utah
Overview of Construction Progress
The Wohali team is currently working on the Gatehouse’s stone exteriors, oak woodwork, and roof. The Gatehouse will contain residents’ mailboxes and also serve as Wohali Utah’s security hub, with a sophisticated security unit that will monitor the entire property.
Construction was recently completed on the Manor House, which will serve as a clubhouse, events space, and restaurant. The Manor House will also feature a golf simulator and a driving range on the second floor.
In addition, the world-class Eagle golf course was completed last fall, and construction is ongoing on the course’s maintenance facility. In addition to the 18-hole golf course, construction is also underway on the Nest short course.
Besides the amenities, the Wohali team has already begun work on the first twelve housing units in the Wohali village, roads across the property, and additional infrastructure.
Sales and Real Estate Market Update
Wohali will feature 428 upscale residences and is marketed by Sotheby’s International Realty.
Phase 1A of the Wohali project, which comprises 25 real estate lots, is nearly sold out, and Phase 1B is already open for sale. The remaining phases are in the process of either initiating the sales process or being recorded in Utah’s Summit County.
Sotheby’s reports that, in 2023, land prices around Park City increased to $1.2 million per acre, an increase of approximately 16% year over year. The average price of homes sold in 2023 increased to approximately $4 million, with an average price per square foot of over $900—a 13% year-over-year increase.
Wohali Utah’s ideal location in the pristine Utah backcountry makes it one of the most appealing new communities under development in the area. Given the strong market projections, EB-5 investors in Wohali Utah can have confidence in the project’s financial success and timely repayment of their invested funds.
Immigration Benefits for EB-5 Investors in Wohali Utah
Wohali Utah has already created approximately 570 jobs for its EB-5 investors. In 2024, the project is expected to create all required jobs for all EB-5 applicants, making it an exceptionally safe path to a U.S. Green Card.
Adding to Wohali Utah’s immigration safety, the project has already received Form I-956F approval from USCIS. This proves the project’s compliance with USCIS requirements.
Further demonstrating Wohali’s immigration safety, multiple EB-5 investors in the project have already received Form I-526E approvals. This allows investors and their families to get their initial U.S. Green Cards.
Few EB-5 projects on the market can offer solid financials like Wohali’s along with a track record of Form I-526E and Form I-956F approvals.
In addition, Wohali Utah’s rural status qualifies its investors for priority USCIS petition processing. Multiple EB-5 investors in rural projects have recently received I-526E approval within 12 months.
EB-5 investors from China and India can avoid years of additional wait times by investing in a rural project like Wohali. Investors in rural projects gain access to the largest category of set-aside visas, allowing them to avoid their country’s backlog of EB-5 applications.
Learn More About Wohali Utah
Don’t miss out on the opportunity to gain both immigration and financial success through an EB-5 investment in Wohali Utah. For more information on the Wohali project, schedule a free consultation with EB5AN.
