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EB-5 Project Updates
September 23, 2026

ONE Tampa September 2026 Construction Update

EB5AN

Est. 1 minute read
ONE Tampa urban EB5 project September 2026 Construction Update.

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

Structural work at ONE Tampa has reached the top of the tower, with Pour 2 completed on Level 43 and vertical concrete operations now essentially finished. Attention has shifted to the levels below, where framing, drywall, and finish trades are advancing in close sequence.

On the upper floors, Level 38 has concrete masonry unit (CMU) work in progress along with top track installation, while Level 35 has its top track and the first coat of cover coat installed. Level 31 has completed wall framing, with plumbing rough-in now underway, and Level 30 has completed framing with drywall rippers hung and plumbing laterals being installed. Scaffolding has also gone up on Level 30 in preparation for balcony stucco to begin.

Lower in the building, Level 29 has ductwork installation nearing completion alongside the start of ceiling framing. Framing and rough-in work appear complete in the units on Level 26, where balcony stucco has now been painted up to that level. Level 22 has drywall hung, and Level 19 has its first coat of paint underway in both corridors and units. Wall framing has started on Level 11, and at the base of the tower, storefront window installation has begun on Level 1.

On the exterior, podium brick installation has completed the second level of the window section, adding to the building’s street-level presence as finish work continues to climb the tower alongside interior progress.

Buyer interest also remains strong, with more than 70 percent of ONE Tampa’s residences now presold.

Job Creation Completed for ONE Tampa

As of July 2026, the project has generated 1,672 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 $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 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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