Boynton Beach Multifamily is a 210-unit apartment community for active adults age 55+ featuring a 14,000-square-foot clubhouse. Located in Florida, the leading U.S. state for retirement, the project is being developed in a strong urban market with sustained demand.
The Boynton Beach Multifamily project is a fully subscribed urban EB-5 offering developed by Kolter, a highly experienced and well-capitalized developer with a long track record of successful EB-5 projects. Construction continues to advance steadily, with significant progress toward completion and job creation for EB-5 investors.
Construction Progress
Significant Job Creation at Boynton Beach
Terra Ceia: Following a Proven Model of Success for Urban EB-5 Projects
Learn More About EB5AN’s Urban Projects
Construction Progress
Construction at the Boynton Beach Multifamily project continues to move forward at a strong pace, with work advancing across the site under Kolter’s oversight. All major approvals required for construction have been secured, allowing development to proceed without delay.
Earthwork and utilities are now nearly complete, and road construction continues to progress steadily. Vertical construction is well underway throughout the community, with exterior work advancing across all buildings. Roofing has been completed across the project, with sloped roofs dried in and flat roofs finished. Openings are being waterproofed, windows have been installed on all floors, and exterior finishes have begun to take shape.
Interior work is also progressing across multiple areas of the buildings. Mechanical, electrical, and plumbing rough-ins are ongoing, along with framing and insulation throughout. Drywall installation has begun, marking the transition from core construction to interior finishing and bringing the project closer to completion.
The consistent pace of progress across both exterior and interior work reflects strong coordination among construction teams as the project continues toward full build-out of the 210-unit active-adult community and its 14,000-square-foot clubhouse.
Significant Job Creation at Boynton Beach
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.
As of October 31, the Boynton Beach project has created approximately 419.5 EB-5 jobs through $35 million of eligible expenditures. More than half of Boynton’s investors already fulfill the crucial job creation requirement, with further jobs being created as construction progresses.
Boynton Beach Job Creation Report
Terra Ceia Multifamily: Following a Proven Model of Success for Urban EB-5 Projects
While the Boynton Beach Multifamily project is now fully subscribed, EB5AN continues to sponsor another institutional-quality urban EB-5 project in Florida: Terra Ceia Multifamily.
Terra Ceia follows a similar development and investment structure and is being developed by Kolter. Like Boynton Beach, Terra Ceia is a multifamily apartment community located in a strong urban market and is offered through both loan and equity EB-5 funds. EB-5 investors in the loan fund benefit from a short three-year loan term, while the equity fund offers a high 5% preferred return.
For EB-5 investors seeking an urban project with a proven development model, experienced teams, and clearly defined investment structures, Terra Ceia represents a continuation of the approach that has driven progress at Boynton Beach.
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. The area within a 3-mile radius of the property is projected to experience 77% population growth by 2028, indicating 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 is expected to 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—particularly those from countries without high levels of EB-5 demand—continue to favor urban projects for their market fundamentals and investment structure. While the Boynton Beach Multifamily project is now fully subscribed, EB5AN continues to sponsor institutional-quality urban EB-5 offerings that follow a similar development approach.
EB5AN’s current urban projects are designed to build on the same principles seen at Boynton Beach, including experienced development teams, clear construction progress, and a strong focus on job creation and investor protections.
To learn more about EB5AN’s available urban EB-5 projects and discuss which options may be right for your situation, please schedule a one-on-one call with the EB5AN team.
