Boynton Beach Multifamily is a 210-unit apartment complex for active adults age 55+ featuring a 14,000 sq. ft. clubhouse. The project is located in Florida, the #1 state for retirement in the United States.
Boynton Beach Multifamily is a unique urban EB-5 project with key features that benefit EB-5 investors while limiting their financial and immigration risks. The project is being developed by Kolter, a highly experienced, well-capitalized developer with a perfect EB-5 project track record. With growing demand and limited competition, an independent regional center, significant job creation, and more, Boynton Beach Multifamily is one of the most compelling urban EB-5 projects on the market.
Construction Progress
Growing Demand for Active Adult Apartments
Experienced Developer
Experienced Property Manager
Independent Regional Center
Learn More about Boynton Beach Multifamily
Construction Progress
In November, significant progress was made on-site.
Silt fencing has been successfully installed around the construction site. This essential erosion control measure helps prevent sediment from leaving the site, protecting the surrounding environment and adhering to environmental regulations.
The clearing and grubbing phase is now 95% complete. The team has been diligently removing trees, stumps, and other vegetation to prepare the land for construction. Wood chipping and grinding operations are ongoing.
The building pad has been laid out. This crucial step involves marking the footprint of the building on the site, ensuring that all future construction aligns with the architectural plans.
The general contractor is preparing to excavate the pond area. The project is currently awaiting the necessary permit for this phase and anticipate its approval momentarily. Once received, excavation will commence, contributing to the site’s stormwater management system.
The project will soon receive the on-site utility permit. With this approval, they will begin installing underground utilities, including water, sewer, and electrical systems.
A response has been submitted to all comments regarding the building permit application and the project anticipates its issuance by mid-December. This timeline aligns with the project schedule.
Overall, the project is progressing smoothly and on schedule. It is exciting to see the plans taking shape and we are committed to keeping you informed every step of the way. Stay tuned for more updates!
Growing Demand for Active Adult Apartments
Florida is the number one U.S. state for retirees. According to U.S. census data, in 2022, more than one out of every 10 retirees who retired to a different state chose Florida. Florida received more retirees than any other state. By 2024, more than 25% of Florida’s population is expected to be seniors.
While the key target demographic for the Boynton Beach Multifamily project is growing, the competition around the project site is limited. No other active adult apartment community exists or is planned within a five-mile radius of the project.
With high demand and limited competition, the project is expected to perform well. The financial success of the project, in turn, means less financial and immigration risk for EB-5 investors.
Experienced Developer
Kolter is one of the largest private developers in the United States. Since its founding in 1997, Kolter has invested in real estate projects totaling over $29 billion in value. Kolter has developed thousands of apartment units, single-family homes, condominium units, hotel rooms, and finished land lots in Florida.
Over its 25+ year history, Kolter has borrowed billions of dollars and has never failed to repay a loan. All EB-5 investments in Kolter projects are in good standing or have been repaid.
Kolter Multifamily is the rental residential acquisition and development affiliate of The Kolter Group. Kolter Multifamily’s rental communities are strategically located, providing residents with access to the best amenities, services, and local attractions. On-site amenities create enduring value and a sense of community.
Experienced Property Manager
Once operations commence, Boynton Beach Multifamily is expected to be managed by Greystar, a global leader in multifamily rental housing property management. Greystar has over 20,000 team members in nearly 224 markets with over 800,000 units under management.
An experienced, successful property manager helps ensure that the project will generate the operational revenue needed to create qualifying jobs for EB-5 investors.
Independent Regional Center
EB5AN serves as the regional center sponsor for Boynton Beach Multifamily. Since EB5AN is entirely independent from the developer, it can prioritize the interests of its EB-5 investors without any conflicts of interest. EB5AN is an experienced EB-5 regional center operator and has facilitated over $1 billion in investments through the EB-5 program. To date, EB5AN’s total project development costs exceed $4.1 billion.
EB5AN focuses on offering foreign nationals low-risk, high-quality investment opportunities and has helped over 2,300 immigrant investors from over 60 countries.
Learn More about Boynton Beach Multifamily
For more information on the Boynton Beach Multifamily project or other available EB-5 projects, please schedule a one-on-one call with EB5AN.
