Gold Coast Florida Regional Center Seeks South African Investors for South Florida EB-5 Immigration Opportunity
By Gold Coast Florida Regional Center, PRNETuesday, July 27, 2010
Hollywood Circle Mixed-Use Project Organization's Initial Development
CORAL GABLES, Florida, July 28, 2010 - South Florida real estate is primed for a resurgence and Gold Coast
Florida Regional Center(TM) (GCFRC) seeks foreign nationals to invest in the
American Dream. Executives of the federally licensed and approved equity
investment fund will visit Durban, South Africa, Thursday July 29 - Sunday,
Aug. 1 to meet potential investors.
GCFRC is an approved investment entity under the U.S. Citizenship and
Immigration Services (USCIS) EB-5 program. Authorized by Congress in the
Immigration Act of 1990, the EB-5 program facilitates permanent residency
status and Green Cards for immigrants who invest in the U.S.
Veteran developer Charles "Chip" Abele, one of GCFRC's founding partners,
says the program has many benefits.
"As an official regional center, we seek international investments for
South Florida projects that will be funded without bank loans or debt,
enhancing potential for profitability," said Abele, whose career spans 35
years.
"Regional centers create jobs and bring capital into the U.S. while
providing avenues toward permanent residency to those who invest."
Employment-based regional centers focus on designated geographic areas
and projects - in this case, select South Florida real estate. Qualified
individuals who invest in the project receive an opportunity to obtain Green
Cards and permanent residency in the U.S. for them and their immediate
family.
GCFRC's first project is Hollywood Circle(TM), a fully entitled and
approved mixed-use development on Young Circle in Hollywood, Fla. The first
approved Broward County, Florida EB-5 development, Hollywood Circle includes
The Circ(TM), an upscale boutique hotel by Desires Hotels(TM), 397
residential apartments, supermarket, restaurant and additional retail space.
Construction is scheduled to begin in summer 2011.
The project is located in a Targeted Employment Area (TEA) where
unemployment remains high. Participants will invest $500,000 (US) each with
GCFRC, which will create a minimum of 10 jobs on their behalf. In exchange,
investors are provided the ability to obtain permanent resident visas for
themselves, their spouse and children under 21. The required investment for
projects outside TEAs typically is $1 million (US).
GCFRC leaders have more than 100 years of combined U.S. and international
real estate development experience. Abele is the regional center's Chairman
and Muayad Abbas its Chief Operating Officer. Based in Coral Gables, Fla.,
the company plans to open offices in Hong Kong, Durban, South Africa, London,
Moscow and Latin America.
To learn more about Gold Coast Florida(TM) Regional Center, call
+1-877-GCFL-EB5 (+1-877-423-5325) or visit www.gcfrc.com. (To contact
GCFRC through August 5, call Tim Hudson at +27-31-561-2355 or send an email
to info@gcfrc.com.)
Matt Levinson, O'Connell & Goldberg, +1-954-964-9098, mlevinson at oandgpr.com
Tags: Coral Gables, florida, Gold Coast Florida Regional Center, July 28, South Africa