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January 30 set for ground-breaking of Texas’ fastest selling high-rise mixed devt

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By Kingsley Adegboye

January 30, 2018 has been set aside for the ground-breaking of Texas’ fastest selling high-rise mixed development project that is expected to give interested EB5 investors the opportunity to explore the San Antonio Museum District at the project site in San Antonio, Texas, USA.

Housing estate

According to 3Invest, promoters of the premier project in Nigeria and partners of Houston EB5, an investment programme administered by the US Government, and offers foreign investors the opportunity to become US citizens by investing in the programme, Thompson San Antonio and the Arts Residences positions itself as the premier luxury boutique hotel to complement the needs of the San Antonio market, adding that the Thompson San Antonio provides unparalleled elegance and comfort in San Antonio.

“Consisting of 20 storeys, the 162 guest rooms and 58 residences will feature 15,000 square feet of river front meeting space and a Sky Bar Club, providing sweeping views of the city. It is designed to meet and complement the needs of the San Antonio market, the Thompson San Antonio provides unparalleled elegance and comfort”.

3Invest Chief Executive Officer, Ruth Orbih, in a statement noted that located at the epic center of San Antonio’s vibrant performing arts district and across from the River Walk, the Thompson San Antonio and Arts Residences is a $116 million, 20-level, 337,000-plus-square-foot mixed-use development.

“The development slated for completion in 2019 will include The Arts Residences’ luxury condominiums atop San Antonio’s first Thompson Hotel, an international collection of design-forward, luxury lifestyle hotels and resorts. Forty per cent of the condominium homes in The Arts Residences at the Thompson San Antonio Hotel has sold since the sales gallery opened May 11, 2017, setting a new record for the fastest-selling high-rise luxury condominium project in Texas. The for-sale residences are priced from the high $400s to over $4.5 million for penthouses,” Orbih stated.

“Thompson San Antonio Hotel and the Arts Residences fits perfectly with 3Invest’s profile for high-quality EB5 investment funding. Like previous Houston EB5 projects, it has received great support from both the City of Houston and the City of San Antonio. A ‘TEA’ designation has been assigned to the project, lowering the minimum investment amount from $1 million to $500,000″, said Acho Azuike, Chief Operating Officer and Managing Director, Houston EB5.

He explained that with more than 25 years of real estate experience, Houston EB5 works to develop high-quality residential high-rise, mid-rise, mixed-use and suburban projects.

“Houston EB5 has a 100 per cent success rate on I-526 and I-829 petition approvals for its investor clients,” said Roberto Contreras, president and CEO, Houston EB5. “We consistently deliver world-class investment projects and demonstrate long-term financial strength, as we help investors achieve their business and residency goals.

“Through the marketing of previous projects, Houston EB5 has established strong investor pipelines in Latin America, Africa, and Asia helping assure complete capitalisation of projects,” said Emilio Guzmán, Executive VP and Chief Investor Relations of Houston EB5.

“Because of Houston EB5’s success in Nigeria with previous projects, we are now looking to expand our investor reach into Ghana, where we are certain many investors would like to take advantage of these immigrant investment opportunities for their families.”

Orbih who disclosed that over the past five years, 3Invest has partnered with Houston EB5, said the offer to invest in EB5 investment programme includes complete capitalisation of the investment project of choice, fast-track permanent and legal residency in the U.S for investors and their immediate families and share in the profit of the project.

“The minimum investment is $500,000 with repayment within three-five years at 4 per cent interest rate. Funds will serve as an additional equity capital to the partnership and the hard construction costs.

“Houston EB5 has stayed committed to bringing developments of impeccable design and elegance to Houston and San Antonio, and to sustaining the strong economic environment from which the cities have grown. Given that real estate investments remain much safer in nature than typical business investments, compounded with the strong economies of Houston and San Antonio, participants in Houston EB5 projects can expect a more reliable, timely return on their investments,” Guzman noted.

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