Boynton Beach Multifamily April 2025 Construction Update

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

Kolter and its general contractor teams are making impressive progress at the Boynton Beach Multifamily project.

Over the past week, Section A of the foundation was successfully poured. With all underground electrical and plumbing completed in this area, the team executed the pour on April 10th, ensuring a smooth process from start to finish. After removing the boards used during the pour, control joints are now being cut into the concrete to help prevent cracks as the slab cures.

Meanwhile, preparations for Section B are moving forward at full speed. Plumbing work has shifted to this area, and the team aims to pour Section B next week. Once that pour is done, progress will continue with Section C. On the vertical construction front, the initial concrete pours for Elevators 1, 2, 3, and 4 are finished, and the elevator shafts will follow once the remaining foundation sections are in place—likely in about two weeks.

In addition to the foundation work, extensive site improvements are also taking shape. The lake at the site has been fully excavated, and the crew is planning to sod around it in the coming weeks. Adjacent to the lake, the Lake Worth Drainage District Canal Bank has been completely sodded with Bahia sod, giving the area a neat, natural look. Elsewhere on-site, teams are nearing completion of the sewage line near the construction trailer, and underground electrical systems for the community are already in place.

As we look ahead, the project is set to reach more milestones soon. Vertical construction will begin once all slab pours are complete, and each additional step moves us closer to realizing this dynamic multifamily community. We look forward to sharing further updates and celebrating new achievements at the Boynton Beach Multifamily project in the months to come.

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.

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.