Aerial view of Terra Ceia Multifamily showing multiple apartment buildings under active EB5 construction around a central retention pond.

Terra Ceia Multifamily February 2026 Construction Update

Terra Ceia Multifamily is a 276-unit, market-rate apartment community located in Palmetto, Florida, offering convenient access to major employment hubs in Tampa, St. Petersburg, Bradenton, and Sarasota; each within approximately a 40-minute drive.

Developed by Kolter Multifamily, a division of The Kolter Group, the project is guided by a proven team with over 100 completed residential developments and more than 27,000 delivered units. EB5AN has partnered with Kolter on 30+ previous EB-5 offerings, all of which are either in good standing or have been fully repaid.

Kolter Multifamily has extensive experience developing multifamily apartment communities in Florida similar to Terra Ceia Multifamily. Most recently, Kolter completed its Lakehouse Multifamily community in the Sarasota metro area, approximately 25 minutes from the Terra Ceia site.

Construction Progress

Onsite construction at Terra Ceia Multifamily continues to advance as the project moves fully into vertical development and is scheduled to ramp up significantly in 2026. Framing is now underway across the site, with structures taking shape and significant progress visible throughout the community.

Roof installation has begun on multiple buildings, marking another key milestone in the construction timeline. In addition, concrete work remains ongoing in targeted areas, and window installation has commenced, further defining the building exteriors.

Overall, construction momentum remains strong as crews continue progressing through this next phase of development.

Overhead drone shot of Terra Ceia Multifamily framing progress and roofing installation across several EB5-funded residential buildings.

Terra Ceia Multifamily vertical construction advancing with completed roofing and exterior wrap visible on EB5 project structures.

Close aerial of Terra Ceia Multifamily apartment building with roofing completed as EB5 construction moves into vertical phase.

Overview of the Terra Ceia Multifamily EB-5 Project

Strategic Location

Positioned in a high-growth sector of Manatee County, the development benefits from proximity to major job centers and planned infrastructure improvements. Manatee County has earmarked $2.9 billion for community and infrastructure projects, and the population within a three-mile radius is expected to increase by 77% by 2028.

The broader North Port–Bradenton–Sarasota metro area continues to rank highly in population growth and relocation appeal according to LinkedIn, The Title Report, and U.S. News & World Report.

Proven Development Team

Kolter Multifamily leads the project with a strong track record. With more than 100 completed projects and over 27,000 delivered residential units, Kolter provides a reliable partnership for EB-5 investment. All prior EB-5 initiatives in collaboration with EB5AN remain in good standing or have been fully repaid.

Kolter’s Lakehouse Multifamily Project

Approximately 25 minutes from the Terra Ceia site, Kolter recently completed Lakehouse Multifamily, a market-rate apartment community in the Sarasota metro area that is closely comparable in scope and positioning to Terra Ceia Multifamily.

Lakehouse consists of 350 market-rate units, compared to Terra Ceia’s 276 market-rate units, and reflects the same development approach used across Kolter’s Florida multifamily portfolio—delivering modern, amenity-rich communities designed to meet sustained renter demand in high-growth coastal markets.

Importantly, Lakehouse provides a tangible, nearby reference point for the type of product Kolter is constructing at Terra Ceia. The communities share similar design and resident experience, including a clubhouse, a resort-style pool, outdoor gathering and lounge areas, a fitness center, and pet-friendly features such as a dog park. This completed project demonstrates Kolter’s ability to execute a comparable community from start to finish.

Completed Lakehouse Multifamily community by Kolter in Sarasota serving as a comparable finished development to the Terra Ceia EB5 project.

Terra Ceia Multifamily Equity and Loan Offerings

Equity Offering

  • 3.5-year investment timeline: Structured for a relatively short projected term.
  • 5.0% preferred return: EB-5 investors who choose Terra Ceia Multifamily (Equity) receive a preferred annual return of 5.0%, above typical market rates.

Loan Offering

  • 3-year term: Secured loan offering with predictable repayment.
  • Repayment guaranty: Because the Terra Ceia Multifamily (Loan) is backed by a financially stable Kolter parent entity, it provides additional security for the investment.

Learn More About Terra Ceia Multifamily

For additional details about Terra Ceia Multifamily or other available EB-5 projects, schedule a one-on-one consultation with EB5AN.

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