SC 75 Park EB-5 LLC was formed on September 11, 2015 to raise up to $110 million investment capital to a project permitted under the EB-5 Immigration Investor Program. The loan shall be advanced in 22 incremental tranches of $5 million each to the Project Companies (the Borrowers). The borrowers directly own 75 Park Lane LLC (Project A) and 2 Shore drive North LLC (Project B) whose main purpose is to own the real estates located at 75 Park Lane, Jersey City, NJ 07310, and 2 Shore Drive North, Jersey City, NJ 07310. The development of 75 Park Lane is a 37-store mixed-use condominium building with 358 residential units and 7,248 square feet of retail space; the development of 2 Shore Drive is a 7-store condominium building with 71 residential units and 15,635 square feet of retail space. The loan is secured by 100% pledge of equity on the Project Companies. The construction started in October 2016 and has completed in 2021. I-526 Approved.
Strategic Capital LLC is the US‐based investment platform of the world’s largest construction and real estate conglomerate CSCEC (China State Construction Engineering Corporation). Strategic Capital was created to invest in public infrastructure and private real estate opportunities by leveraging CSCEC’s capital strength and CCA’s experiences in North America. Having completed a number of transactions in recent years, the company aims to build a portfolio of $3 billion through acquisitions and development within next three years. With unparalleled experiences in construction and development coupled with strong financial strength, the company shall respond quickly to changes in the market and create value for all shareholders.
Strategic Capital will coordinate the work of the following professional partners:
Architect Designer– Woods Bagot
Woods Bagot is a global design and consulting firm, with a team of over 1000 people working across studios in Australia, Asia, the Middle East, Europe and North America. It specializes in five key sectors – Aviation and Transport; Education, science and Health; Lifestyle; Sport; and Workplace. Woods Bagot’s diverse portfolio spans more than 140 years which builds a legacy of design excellence.
Building Design’s 2014 World Architecture 100 list ranked Woods Bagot as the seventh largest architecture firm in the world.
General Contractor – Plaza Construction
Plaza Construction is one of the nation’s foremost construction management and general contracting firms. China State Construction Engineering Corp., China’s largest construction company, made a significant investment in Plaza Construction through its US subsidiary, China construction America, which offers dynamic growth opportunities, greater financial strength, increased bonding capabilities, and global procurement for our clients.
Marketing Consultant — The Marketing Directors
The Marketing Directors is a full‐service marketing and sales/leasing company specializing in new homes and recognized as a national leader in high density residential development serving many of the industry’s most prominent developers across the United States and Canada since 1980. The company is led by founder Adrienne Albert, who was inducted into the National Sales and Marketing Council of the National Association of Home Builders (NAHB) Hall of Fame as a Legend of Residential Marketing in 2009 ‐ the first woman to be inducted into the “Hall” in its 16‐year history. The Marketing Directors presently represents condominium and rental developers in markets such as New York, New Jersey, Connecticut, Georgia, Florida, North Carolina and Toronto. It is the absolute market leader in Jersey City residential market, servicing over 80% development projects with its marketing and sales specialties.
Total project investment
The Project will create a combined 2,635 direct, indirect and induced jobs, with 2,449 jobs created from hard construction costs of the two towers. The Project will also create an additional 133 jobs through architect and engineering services, purchases of FF&E, and marketing and sales commissions. Lastly, the Project will create an additional 50 jobs from the operation of the condominium. The following charts detail the distribution of jobs created by hard construction costs, soft construction costs, FF&E, and operations:
Required jobs to be created
Expected jobs created
As a regional center designated by the U.S. Immigration Service, the U.S. Entrepreneurship Regional Center is the most professional investment immigration regional center in Greater New York. It has successfully operated 10 real estate development EB-5 investment immigration projects and obtained immigration qualifications for hundreds of high-net-worth clients. Committed to becoming a full-service provider for Chinese high-net-worth individuals emigrating to the United States, through dedicated, efficient, sophisticated, and orderly professional services, it opens an extraordinary journey for many high-end individuals who have the need to emigrate overseas to realize the American dream.
The project is located in the Newport area of Jersey City on the west bank of the Hudson River. It faces Manhattan across the water and is only 1,300 meters straight. It is an important part of the New York metropolitan area and seamlessly connects with the metropolitan traffic map of New York. Take the PATH to Manhattan Downtown in 7 minutes, and to Manhattan Midtown in 14 minutes.
According to estimates by economists, the project is expected to create a total of 2,636 jobs, which is 20% more than the 2,200 jobs required by the USCIS, which fully guarantees investors the opportunity to obtain green cards.
The developer pledged the entire equity of 75 Park Lane Apartments to loan $90 million to the EB-5 Fund; and pledged the entire equity of Shore House Apartments to loan $20 million to the EB-5 Fund for project development and construction.
The Hudson Waterfront Project is located in the Newport area of Jersey City on the west bank of the Hudson River. It is across the water from Manhattan and is only 1,300 meters away in a straight line. It is connected to Manhattan by the Holland Tunnel. It is an important part of the New York metropolitan area.
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