US property developer Joseph Moinian aims to raise as much as US$500 million of EB-5 funds – contributions from foreign nationals in exchange for legal US residency – to help him build a US$2 billion skyscraper New York’s western Manhattan area.
At a groundbreaking ceremony last Friday for the office project, 3 Hudson Boulevard, Moinian said he was in the midst of the paperwork involved in lining up EB-5 investors, who may come from China or India. The federal…
Source : South China Morning Post
Read more…New York developer Moinian seeking foreign funding for Manhattan office project
