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CCCC Miami Towers Looks to EB-5 for Development Scratch

CCCC Miami Towers Looks to EB-5 for Development Scratch

China City Construction Holding Group and American Da Tang Group are turning to EB-5 investors to help fund construction of their planned CCCC Miami Towers in Brickell, Miami attorney Roger Bernstein, who co-owns the EB-5 regional center sponsoring the development, tells us. His Miami-based regional center, American Life Investments LLC, is promoting the project among EB-5 investors in China and Latin America.

CCCC Miami Towers Looks to EB-5 for Development Scratch

Chinese investment in US real estate has tended more toward West Coast markets and New York in recent years, but projects like CCCC will help attract high-net-worth Chinese investors to Miami, Roger says. He adds that the project would create close to 10,000 direct and indirect jobs, and up to $350M in investment in the development would come from EB-5 investors. Currently, almost 85% of EB-5 investors in the US come from China, so that nation could represent a major source of investment for South Florida going forward.