SMART BRICKELL EB-5 PROGRAM
Become a legal resident of the United States by investing in our project.
Solid developer track record!
Construction started in the third half of 2023
46 estimated jobs per investor
Located in the heart of Brickell
What is EB-5?
The EB-5 Immigrant Investor Program is a U.S. government program that encourages new investments in job-creating projects.
The EB-5 program was enacted by the U.S. Congress in 1990 in an effort to encourage foreign investment in certain regions of the country in order to create U.S. jobs.
Through this program, foreign investors and their immediate family members have the opportunity to obtain residency status by investing in a business that creates at least 10 full-time jobs for U.S. workers during a two-year period.
Who can apply?
International investors and their family members: spouse and unmarried children under 21 years of age.
EB-5 Visa Fees
| Capital commitment | $1,050,000 |
| Regional center rates | $40,000 |
| Legal fees | $25,000 |
| USCIS filing fees*. | $6,000 |
*Estimated rates
**Estimated rates-U.S. Citizenship and Immigration Services.
Requirements
- Investment of $1,050,000 in an approved EB-5 project/business in the U.S.
- No criminal record or immigration violations.
- The investment capital must be of legal source, acquired directly or indirectly by lawful means.
- The investment must be "at risk".
Advantages
For many immigrants who wish to move to the United States, pursuing a legal immigration path can be time-consuming and tedious. An EB-5 visa offers a number of benefits to immigrants, including:
- Legal status in the U.S.
- Faster path to permanent residency and citizenship
- No visa sponsorship requirement
- Monetary return on investment
- Freedom to live and work anywhere in the U.S.
- Education and employment opportunities for children.
Application process
Upon approval of the initial application, which focuses primarily on establishing the legal source of the $1,050,000 investment (known as the I-526 Petition), the applicant and his or her immediate family are eligible for conditional resident status in the United States.
Once the applicant establishes that the $1,050,000 investment was made in the selected project and the 10 full-time jobs were created within the required period (or will be created within a reasonable period of time), the condition attached to the visa is removed and the applicant and family receive permanent resident status in the United States.
EB-5 VISA STATISTICS
U.S. Citizenship and Immigration Services (USCIS) allocates 10,000 EB-5 visas per year, which constitutes 7.1% of the total allocation for employment-based immigrant visa categories in 2022. A total of 6,882 EB-5 visas were issued.
FREQUENT QUESTIONS
What is the waiting time for the EB-5 visa in 2023?
The 2023 EB-5 visa wait time is in effect (no delays or setbacks), according to the U.S. Department of State's June 2023 Visa Bulletin. The I-526 petition processing time is estimated to range from 24 to 36 months. At the end of this approval processing period, the investor receives a temporary green card for investment in the U.S.".
How many petitions are submitted per quarter?
There were 556 EB-5 investors who filed I-526/I-526E petitions for the first quarter of fiscal year 2023 (October 1, 2022 through December 31, 2022), and 535 investors who filed I-526/I-526E petitions. 526E petitions for the second quarter of fiscal year 2023 (January 1, 2023 through March 31, 2023).
How many visas are approved per quarter?
The approval rate for I-526 petitions typically ranges from approximately 75% to over 80%.
ABOUT
Smart Brickell is a mixed-use project consisting of 3 towers. The first and second towers consist of 100 condominium units and 100 condo-hotel units. The third tower, Smart Brickell LUXE, is comprised of 53 condominium units and 78 condo-hotel units. The project also includes approximately 12,000 square feet of commercial space that will be used for a coffee shop, restaurant and retail store.
Located just a block and a half from Brickell City Center, Smart Brickell is within walking distance of the best restaurants and retail the city has to offer.
Timeline of the EB-5 process at Smart Brickell
EB-5 investment through Smart Brickell
| Project Name | Smart Brickell Tower 2 |
|---|---|
| Location | 255 SW 9th ST Miami, FL 33130 |
| Developer | Habitat Group |
| State of construction | Estimated delivery Q4 2025 |
| Total project cost | $47,653,609 |
| Total capitalization EB5 (Max) | $14,700,000 (14 spots) |
| Estimated jobs created | 38.8 per investor, 543.2 total estimated employment |
| Investment required | $1,050,000 |
| Administrative cost | $40,000 |
| Return | 3.0% |
| Estimated term / return on equity | 5 years |
| Project Name | Smart Brickell LUXE |
|---|---|
| Location | 885 SW 3rd Ave Miami, FL 33130 |
| Developer | Habitat Group |
| Construction Status | Estimated delivery Q1 2026 |
| Total Project Cost | $68,561,028 |
| Total EB-5 Capitalization (Max) | $14,700,000 (14 points) |
| Job Creation | 46.1 per investor, 645.5 total estimated employment |
| Investment Requirement | $1,050,000 |
| Administration Fee | $40,000 |
| Preferred Return | 3.0% |
| Target Term / Return on Equity | 5 years |
Strong development track record
Habitat Group is a full-service real estate development firm that offers innovative real estate management strategies. We add value to our clients by presenting excellent investment opportunities as well as providing strategic alternatives for investing in South Florida real estate. Habitat Group has in-depth knowledge and experience in project development, general contracting, and commercial and residential management. We can leverage our experience and advise on corporate strategies and strategic market management.
Founded in 2005, Habitat Group has built a successful real estate business by supporting our investors, helping them generate a successful return on investment. Our model is different from other private equity real estate firms because we look for consistent partners, not just one-time deals. We sit down with our investors and help them grow their investment along with the Habitat Group brand.
COMPLETED AND CURRENT PROJECTS
Smart Brickell Tower 1
229 SW 9th ST
Miami, FL 33130
2018 - Present
Milux Hotel
229 SW 9th ST
Miami, FL 33130
Future Project
Brickell 12
1200 SW 2nd Ave
Miami, FL 33130
Future Project
East River Living
39 NW 7th Ave
Miami, FL 33128
2018 - 2022
Habitat Residence 1
1700-1701 SW 2nd Ave
Miami, FL 33130
2006 - 2010
Habitat Residence 2
1700-1701 SW 2nd Ave
Miami, FL 33130
2006 - 2010
REGISTER NOW TO GET MORE INFORMATION INFORMATION ABOUT THE EB-5 VISA!
