Since our beginnings in 2013, EB5AN has structured a number of institutional-quality urban EB-5 projects. Many EB-5 applicants favor urban projects for their location in areas with a strong market demand. And urban projects often have the potential for high returns or short investment periods.
We are pleased to announce a number of significant construction milestones in our Boynton Beach urban EB-5 project, a highly successful offering that is now fully subscribed. This apartment community under development in South Florida is making swift progress toward completion and repayment of the EB-5 investors.
And with over 300 EB-5-eligible jobs created and more to come, investors in Boynton Beach can qualify for their permanent U.S. Green Cards.
While the Boynton project is now closed for investment, EB5AN currently sponsors another best-in-class urban project: Terra Ceia.
Terra Ceia is highly similar to Boynton Beach and is set to replicate the latter’s success. Like Boynton, Terra Ceia will be an apartment community in a prime urban market in Florida. Both projects are developed by Kolter, one of the largest and most successful developers in the Southeast—particularly in multifamily developments.
“Boynton Beach,” explains Sam Silverman, managing partner of EB5AN, “was one of the most coveted urban projects on the market. Now, we look forward to replicating Boynton’s success with Terra Ceia, which is, in many ways, quite similar to Boynton.”
In this post, we’ll examine the latest updates for the Boynton Beach project and then examine Terra Ceia’s similar structure and market strategy.
Significant Construction and Job Creation for Boynton Beach
Terra Ceia: Following a Proven Model of Success for Urban EB-5 Projects
Learn More About EB5AN’s Urban Projects
Significant Construction and Job Creation for Boynton Beach
Under Kolter’s oversight, the Boynton development is making exceptionally fast progress, with construction in full swing.
Earthwork and utilities are now about 90% complete, with road construction progressing steadily at 25%. Roofing has been topped out across the entire development. Sloped roofs are being dried in with peel-and-stick, while flat roofs are being prepared with lightweight insulating concrete. Openings are being waterproofed, and windows have been installed on all floors, giving the structures a clear shape and definition.
Inside the buildings, work is advancing across multiple trades. Mechanical, electrical, and plumbing rough-ins are ongoing, along with metal framing and insulation throughout. Drywall installation has already begun, marking the transition from core construction to interior finishing. The steady pace of progress reflects strong coordination across teams as the project continues toward full build-out of the 210-unit active-adult community and its 14,000-square-foot clubhouse.
As EB-5-eligible job creation is primarily calculated based on construction expenditures, Boynton is also helping more and more of its investors to qualify for their permanent U.S. Green Cards.
Through $26.3 million of eligible expenditures, the Boynton project had created 312 EB-5 jobs through the end of September 2025. Half of Boynton’s investors already fulfill the crucial job creation requirement, with further jobs being created as construction progresses.
Boynton Job Creation Report
Terra Ceia: Following a Proven Model of Success for Urban EB-5 Projects
Our Terra Ceia urban project is quite similar to Boynton in both its real estate aspect and the structuring of the EB-5 deal.
Like Boynton, Terra Ceia is a multifamily apartment project developed by the Kolter Group, and both projects have already been approved by USCIS. Through Terra Ceia’s I-956F approval, USCIS indicated that the project is fully compliant and “pre-approved” the project documentation to be submitted on each investor’s I-526E.
Both projects are located in prime real estate locations in affluent areas of Florida and offer multiple guaranties to reduce EB-5 investors’ risk.
And like Boynton, Terra Ceia is available in both loan and equity funds. EB-5 investors in the loan funds benefit from a short three-year loan term, while the equity fund offers a high 5% preferred return.
“Terra Ceia,” adds EB5AN managing partner Mike Schoenfeld, “is simply following a tried and true business model, and Kolter has found success time and again with multifamily projects of this sort.”
“And with the project’s I-956F approval, investors in Terra Ceia can be confident in both a Green Card approval and timely repayment.”
Overview of the Terra Ceia Project
Terra Ceia Multifamily is a 276-unit market-rate rental community in Palmetto, Florida, developed by Kolter Multifamily, a division of The Kolter Group. The site sits in one of the fastest-growing areas of Manatee County, supported by a $2.9 billion infrastructure and community improvement plan. Within three miles of the property, population growth is projected to reach 77% by 2028, reflecting strong local demand for new housing. The broader North Port–Bradenton–Sarasota region has earned national recognition for growth and relocation, ranking among the top three fastest-growing metro areas in the United States.
Kolter brings an unmatched record of experience and reliability. Since 1997, the firm has developed more than 27,000 residential units and completed over 100 large-scale projects valued at more than $37 billion. It has borrowed billions and never failed to repay a loan. All EB-5 investments in Kolter projects are in good standing or have been fully repaid. Kolter’s developments are known for high-quality design, strong community integration, and locations with long-term appeal.
The project will be managed by Greystar, the world’s largest operator of multifamily rental housing, with over 900,000 units under management across 249 markets. This partnership adds proven operational expertise and helps ensure the property achieves long-term success and stable job creation.
Terra Ceia is located in a designated urban Targeted Employment Area, allowing investors to qualify at the $800,000 minimum and benefit from the 10% set-aside of EB-5 visas reserved for high-unemployment TEAs. The project is expected to create 640 qualifying jobs—well above the number required—greatly reducing immigration risk.
EB5AN, the independent regional center sponsoring the project, oversees compliance and investor protections, maintaining full independence from Kolter and continuing its track record of successfully managing more than $1 billion in EB-5 investments.
Learn More About EB5AN’s Urban Projects
Many EB-5 investors—especially those from countries without a high demand for EB-5—prefer urban projects. If that is your situation, we invite you to explore our urban offerings, including Terra Ceia’s equity and loan funds.
“For urban projects in the current EB-5 market, it doesn’t get much better than Terra Ceia,” concludes Silverman. “We’re combining a financially promising development with a number of immigration benefits, not to mention Kolter’s leading position in the multifamily space in Florida.”
To start planning your path to a U.S. Green Card, schedule a free consultation with EB5AN.
