ONE Tampa is a 42-story luxury condominium tower featuring 225 units, retail space, and amenities, currently being developed in the heart downtown Tampa, Florida. Upon completion, it will be the tallest building in Tampa and one of the tallest on Florida’s west coast.
ONE Tampa is a compelling urban EB-5 project with best-in-class features that limit EB-5 investors’ financial and immigration risks. The project is being developed by Kolter, a highly experienced and well-capitalized developer with a perfect EB-5 project track record. EB-5 investors benefit from a short three-year loan term and a repayment guaranty from a Kolter parent company. With strong sales, an independent regional center, significant job creation, and more, ONE Tampa is one of the highest-quality, lowest-risk urban EB-5 projects on the market.
The project has already presold 101 of its 225 condominiums, representing 45% of its total inventory and approximately $173 million in sales revenue. Buyers are required to pay non-refundable deposits totaling 25% of the purchase price, which means the ONE Tampa project is already generating substantial revenue from sales.
Strong sales to date reflect Kolter’s track record of selling out its luxury condominium towers before construction is completed, reinforcing the project’s financial security.
ONE Tampa follows six nearly identical urban EB-5 loan projects in Florida. EB5AN and Kolter have collaborated on the following luxury condominium tower developments:
- Water Club North Palm Beach (North Palm Beach, Florida)
- 100 Las Olas (Fort Lauderdale, Florida)
- Mark Sarasota (Sarasota, Florida)
- VUE Sarasota Bay (Sarasota, Florida)
- ONE St. Petersburg (St. Petersburg, Florida)
- Saltaire (St. Petersburg, Florida)
All of these prior EB-5 loan projects were completed on time and on budget, and 100% of the condominium units were sold. In nearly all cases, all units were presold before construction was completed. Kolter has either repaid the EB-5 funds or they remain in good standing.
In September 2024, Kolter spent approximately $11.0 million furthering the development of ONE Tampa. This spending resulted in the creation of 139 EB-5 eligible jobs.
Financial success and job creation are the two key factors that make ONE Tampa one of the safest EB-5 projects available. EB-5 investors can have confidence that enough jobs will be created for them to qualify for Green Cards and that they will be repaid.
September 2024 Job Creation Progress for ONE Tampa
The Importance of Job Creation for EB-5 Investors
Experienced Developer
Independent Regional Center
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Download Latest ONE Tampa EB-5 Job Creation
September 2024 Job Creation Progress for ONE Tampa
$11.0 million of new development expenditures created approximately 139 new EB-5 jobs.
The Importance of Job Creation for EB-5 Investors
The EB-5 program requires each foreign investor’s investment funds to create at least 10 new jobs for U.S. workers. When an EB-5 investor has completed his or her two-year period of conditional residence in the United States, he or she must prove to USCIS that these jobs were created. As a result, an EB-5 project’s level of risk is tied to its job creation.
Certain EB-5 projects on the market may not have started construction at all. If such projects run into financial difficulties, they may not spend enough money on development to create sufficient EB-5 jobs. EB-5 investors in such projects could have their EB-5 applications denied by USCIS.
ONE Tampa has a guaranty from Kolter that all EB-5 funds will be spent on qualify EB-5 expenses. This guaranty helps ensure that enough jobs will be created for all EB-5 investors to meet the EB-5 program’s job creation requirement and obtain a permanent Green Card.
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 $30.0 billion in value and 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 has extensive experience developing condominium towers similar to ONE Tampa through its business unit, Kolter Urban. Kolter Urban develops luxury condominiums in waterfront, water view, or urban in-fill locations. Kolter Urban’s condominium towers are strategically located and provide residents with access to the best amenities, services, and local attractions. These on-site amenities create enduring value and a sense of community, helping ensure strong sales and successful investments.
Independent Regional Center
EB5AN serves as the regional center sponsor for ONE Tampa. 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 more than 2,300 immigrant investors from over 60 countries.
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EB-5 projects rarely offer both a high level of financial security and strong immigration safety. With many EB-5 jobs created, a loan repayment guaranty, and other top features, ONE Tampa stands out in the market.
EB5AN structures financially strong, USCIS-compliant projects to help EB-5 investors protect their hard-earned funds and get U.S. Green Cards as quickly as possible.
For more information on the ONE Tampa project or other available EB-5 projects, please schedule a one-on-one call with EB5AN.
