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EB-5 Project Updates
November 2, 2026

ONE Tampa October 2026 Construction Update

EB5AN

Est. 4 minute read
EB5 ONE Tampa luxury residential tower under construction in downtown Tampa, Florida, October 2026.

ONE Tampa is a 42-story luxury residential tower rising in downtown Tampa, Florida. Featuring 225 residences, retail space, and premium amenities, the tower will become Tampa’s tallest residential building once completed. 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

Work at ONE Tampa is now concentrated on the building’s interior, with mechanical, electrical, and finish trades advancing at the same time across many levels of the tower. Several floors in the lower half of the building have moved into final finish work, including cabinetry, countertops, and appliances.

On the upper floors, fire sprinkler pipe is being installed on Level 38. Level 32 has unit ductwork in progress, and balcony stucco on that level is finishing up. Electrical rough-in has started on Level 29, and drywall hanging on Level 27 is nearly complete.

In the middle of the tower, tile installation is in progress on Level 20 and nearing completion on Level 18. On Level 17, countertops have been staged in the units and electrical trim has started.

The most advanced floors sit just below. On Level 15, unit cabinets are finishing up while trim work continues. Level 14 has countertops and appliances being installed, with door hardware and electrical device trim-out in progress. Lower in the building, window installation has started on the north side of Level 11, where interior framing and exterior soffit framing continue. At the base of the tower, duct installation is in progress in the Level 1 lobby.

Job Creation Completed for ONE Tampa

As of September 30, 2026, the project has generated 1,914 qualifying EB-5 jobs, more than enough to satisfy the job creation requirement for all participating investors.

The Importance of Job Creation for EB-5 Investors

Under EB-5 program rules, each investor must support the creation of at least 10 full-time jobs for U.S. workers. When investors complete their conditional residency period, USCIS evaluates whether the required jobs were actually produced. Because of this, a project’s job creation trajectory directly influences investor security and immigration outcomes.

Some EB-5 offerings on the market have not yet begun construction, increasing the risk that insufficient spending could jeopardize future job counts. ONE Tampa avoids this issue through an expenditure guaranty provided by Kolter, ensuring that all EB-5 capital is directed toward qualifying development activities. This structure reinforces strong job creation performance and supports investors on the path to permanent residency.

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 $40 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 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 remains the independent regional center for ONE Tampa. With a focus on investor protection and compliance, EB5AN structures strong, low-risk EB-5 projects with predictable job creation and transparent reporting.

Ongoing Progress and Related Projects

ONE Tampa’s construction progress, combined with advancing job creation and strong sales, reflects the consistency and execution that define Kolter and EB5AN’s long-standing collaboration.

Investors seeking projects with a similar profile may consider Spring Haven and Brandon Multifamily, both Kolter-developed and EB5AN-financed communities offering comparable structure, quality, and job creation performance.

More than 3,000 families from over 70 countries have selected EB-5 projects financed by EB5AN regional centers. Our expert team has more than a decade of experience and offers clients high-quality, 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.

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