ONE Tampa is a 42-story luxury condominium tower in the heart of downtown Tampa, Florida, featuring 225 residences, retail space, and premium amenities. When completed, it will become the tallest residential building in Tampa and one of the most prominent towers on Florida’s west coast, the project continues to set a high standard for urban development.
As a fully subscribed EB-5 project, ONE Tampa demonstrates the successful execution of large-scale luxury development in collaboration with Kolter and EB5AN, delivering measurable results in both construction progress and economic impact.
Construction Progress
Job Creation Progress for ONE Tampa
Condominium Sales
Experienced Developer
Independent Regional Center
Ongoing Progress and Related Projects
Construction Progress
Construction at ONE Tampa has continued steadily, with vertical progress clearly visible throughout October. The team completed multiple structural pours, marking continued advancement of the tower’s frame.
In the beginning of October, the first and second section of the Level 9 slab was poured, followed by concrete work for Level 10. By month’s end, the first portion of Level 11 was also poured, maintaining the project’s strong construction pace.
Significant progress was also made in mechanical and site systems. Buckhoist platforms were installed and successfully tested, with the first unit now operating through Level 6. Fire, water, gas, and storm risers have been installed through Level 5, and the main elevator lobby slab has been poured across multiple levels. Underground electrical conduit work is ongoing, and the temporary fire protection system remains fully functional.
These milestones reflect the project’s steady progress as the tower rises in downtown Tampa.
Job Creation Progress for ONE Tampa
As of September 30, 2025, Kolter has spent approximately $63 million in EB-5-eligible development activities, generating more than 770 jobs, including 355 direct and 420 indirect positions. This represents enough jobs to support the first 77 EB-5 investors in the project. Once complete, ONE Tampa is expected to create nearly 3,000 qualifying EB-5 jobs, demonstrating the tangible economic impact of the development alongside its successful construction milestones.
The Importance of Job Creation for EB-5 Investors
Under the EB-5 program, each investor’s funds must generate at least 10 full-time jobs for U.S. workers. When an investor completes the two-year conditional residency period, USCIS requires proof that these jobs were actually created. Consequently, the success of an EB-5 project, and its level of risk, is closely tied to its ability to meet job creation requirements.
Some EB-5 projects currently on the market have not yet begun construction. If such projects encounter financial challenges, they may not invest enough in development to generate the necessary jobs, putting investors’ applications at risk of denial.
ONE Tampa benefits from a guaranty from Kolter that all EB-5 funds will be used for eligible project expenses. This assurance helps ensure that sufficient jobs are created for all EB-5 investors, supporting compliance with USCIS requirements and the path to a permanent Green Card.
Condominium Sales
The project has already sold 121 condominiums. Buyers are required to pay non-refundable deposits totaling 25% of the purchase price, which means the ONE Tampa project has been generating substantial revenue from sales.
Experienced Developer
Kolter remains one of the largest private developers in the United States. Since its founding in 1997, the company has developed thousands of residential units, hotel rooms, and land projects, totaling over $37 billion in value.
Kolter’s track record in EB-5 projects is strong, with all prior loans either repaid or in good standing. The developer’s urban condominium division, Kolter Urban, focuses on luxury towers in prime waterfront, water-view, and downtown locations. These developments consistently offer residents premium amenities and enhance long-term community value.
ONE Tampa follows the pattern of six comparable urban EB-5 loan projects in Florida. In collaboration with EB5AN, Kolter has developed the following luxury condominium towers:
- 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)
Each of these previous EB-5 projects was completed on schedule and within budget, with all condominium units sold, often fully presold before construction concluded. EB-5 funds in these developments have either been fully repaid or remain in good standing, reflecting Kolter’s consistent track record of successful project execution.
Independent Regional Center
EB5AN continues to serve as the independent regional center for ONE Tampa. With a focus on investor interests, the company remains committed to structuring financially strong, USCIS-compliant projects that maximize both job creation and investor security, ensuring that projects like ONE Tampa deliver tangible results for all stakeholders.
Ongoing Progress and Related Projects
ONE Tampa continues to progress steadily, with vertical construction advancing and EB-5 job creation moving toward full completion. The project exemplifies the quality, execution, and economic impact that have become hallmarks of Kolter and EB5AN collaborations.
For those interested in urban EB-5 projects built to the same high standards, Spring Haven and Terra Ceia, also developed by Kolter in partnership with EB5AN, offer comparable quality and structure and are currently open for new investors.
More than 2,700 families from over 70 countries have selected EB-5 projects sponsored by EB5AN regional centers. Our expert team has more than a decade of experience and offers clients first-rate, low-risk EB-5 regional center projects with a 100% USCIS project approval rate.
If you would like to know more about your EB-5 investment options, book a free call with our expert team today.
