City council approves amendment to PhoenixMart’s planned area development

PhoenixMart‘s amendement to the initial planned area development gets a nod from the City Council. Originally approved in 2012, the developer AZ Sourcing requested various changes which include the reduction of residential units from 993 to 855, changing the name from from PhoenixMart PAD to NALTEC (PhoenixMart) PAD, landscaping changes etc. The $150 million project is funded by EB-5 … Read moreCity council approves amendment to PhoenixMart’s planned area development

How does the upcoming EB-5 program renewal affect projects in New York??

The EB-5 program which offers green cards to foreign investors who spend $500,000 or in some case  $1 million in a project that creates atleast 10 jobs, might undergo some changes in September when it is up for renewal. The changes concerning rules of location could impact projects in New York. As per the program, projects … Read moreHow does the upcoming EB-5 program renewal affect projects in New York??