Desert Mountain Estates and Casa de Montanas (PHM, LP)
The Desert Mountain Estates and Casa de Montanas project is under PHM, LP and involves a development of two adjacent housing communities in Phoenix. It is divided into two phases: Phase I: Desert Mountain Estates with 31 single family houses and Phase II: Casa de Montanas with 36 single family houses. The project partners with Camis Inc., a Delaware Corporation which is a sister company of American Investor Immigration Funds LLC, one of the largest EB-5 project developers in the industry. Construction is expected to begin in 2018 and lasts up to 24 months.
The project has an exceptional location because it is the last mountainside spot available in the metropolitan Phoenix area that can be subdivided into a community of this size and scope. It is located at the intersection of North 47th Street and Tonopah Avenue, just north of Highway 101 in northwest Phoenix and adjacent to the Thunderbird Conservation Area. PHM will be delivering $9,000,000 of equity raised from 18 investors towards the roughly $47 million project.
Location: Northwest Phoenix
Project Cost: $47,000,000
EB-5 Investors: 18
Mississippi Coast Entertainment (MCE, LP)
The Mississippi Coast Entertainment project involves the development of a massive casino/ hotel resort on and around the downtown Gulfport Waterfront. The project’s location is at the intersection of routes 90 and 49, the major east-west and north-south access points to downtown Gulfport. Furthermore, the location is at the foot of two harbors, giving it a truly premier location, while remaining accessible to Interstate 10, the largest thoroughfare in southern Mississippi.
This project will create around 1,800 jobs after delivering up to $66 million in EB-5 capital raised from 132 investors. The casino will be a state-of-the-art gaming and hospitality venue consisting of 176,000 square feet of usable space. Of that, close to 50,000 square feet will be made up of gaming space which will include 1,088 of the latest slot product, 27 table games as well as a poker room. Inside the elaborate glass structure, there will be four different dining options including a 70 seat sports bar to watch your favorite games and events as well as a 250 seat buffet. In addition, the resort will feature a 244 seat harbor side restaurant which will have exceptional views of the gulf and all the various boats and yachts coming in and out of the harbor. We will also have a food court with 150 seats as well as a coffee kiosk. The total project cost is approximately $139 million.
Project Cost: $139,000,000
EB-5 Investors: 132