Terra Ceia Multifamily October 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.

Construction Progress

Site infrastructure at Terra Ceia is nearing completion. Site clearing, structure demolition, earthwork, storm drainage, sanitary, and water are all 100% complete. Curbing has advanced to 75% complete, and paving and final grading are each 75% complete. The remaining site work is proceeding in a normal sequence toward closeout.

Three structures at Terra Ceia now hold certificates of occupancy: Building 5, the clubhouse, and, most recently, Building 1. The general contractor is completing the remaining punch list items for Building 1.

At Building 2, the general contractor’s punch list and final inspections are in progress. Building 3 has completed its exterior finishes, and work is continuing on landscaping, mechanical, electrical, and plumbing (MEP) systems, and final trim. At Building 4, crews are continuing exterior finishes, flooring installation, and interior trim.

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.

Brandon Multifamily: Following a Proven Model of Success

While Terra Ceia Multifamily is now fully subscribed, EB5AN continues to sponsor another institutional-quality EB-5 project in a high unemployment area (HUA) in Florida: Brandon Multifamily.

Brandon Multifamily follows a similar development and investment structure and is being developed by Kolter. Like Terra Ceia, Brandon 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 with a repayment guaranty, while the equity fund offers a 5% preferred return.

For EB-5 investors seeking a HUA project with a proven development model, experienced teams, and clearly defined investment structures, Brandon Multifamily represents a continuation of the approach that has driven progress at Terra Ceia.

Overview of the Brandon Multifamily Project

Brandon Multifamily is a 280-unit market-rate rental apartment community located in Brandon, Florida. The project will include a range of community amenities, including a clubhouse with a resort-style pool and fitness center, coworking spaces, and a dog park.

The project is located in a high-growth area with strong population inflows and convenient access to major employment centers via I-75 and the Selmon Expressway. The broader Tampa metropolitan area continues to rank among the top destinations for relocation and population growth in the United States.

The project is expected to be managed by Greystar, a global leader in multifamily property management, with a large portfolio of units across multiple markets. This partnership adds operational expertise and supports long-term project performance.

Brandon Multifamily is located in a designated high-unemployment (HUA) targeted employment area, allowing investors to qualify at the $800,000 minimum investment level and benefit from the 10% set-aside of EB-5 visas reserved for high-unemployment TEAs. The project is expected to create approximately 890 qualifying jobs, significantly exceeding EB-5 requirements and helping reduce immigration risk for investors.

Learn More About Our Projects

For additional details about our available EB-5 projects, schedule a one-on-one consultation with EB5AN.