Dear Investors, Panorama Tower in Miami gets Approval EB-5 Visa Bonus for Foreign InvestorsOctober 7, 2014
83-story Panorama Tower at 1101 Brickell Ave Miami is the first project approved under the EB-5 regional center designation from U.S. Citizen and Immigration Services
Panorama Tower will be the tallest residential building on the East Coast south of New York.
It’s set for completion by the second quarter of 2017
EB- 5 Program is governed by a special federal immigrant visa system that awards residency to foreign applicants who invest at least $500,000 to $1 million in U.S. projects that create at least 10 full-time jobs.
The 19-story pedestal will contain over 100,000 square feet of medically-oriented office space with a teaching facility. Underneath the medical facility will be a 2,000 car parking garage. Lining the garage to the east on Brickell Bay Drive will be a 208-room hotel. Further, both the ground floor and 2nd level of the pedestal will include over 50,000 square feet of high-end retail outlets and restaurant space.