ARCFE Group 11
In ProgressPianist
3-11 27th Avenue, Astoria, NY 11102
I-526
Approved under the Old EB-5 Law
I-956F
Approved
I-526E
Approved
The Project
About Pianist.
Located at 3-11 27th Avenue, Astoria, New York City, a prime location just across the river from the Upper East Side. The 7-story residential and commercial mixed-use rental building will include a retail space of 7,988 square feet on the first floor, a doctor’s clinic/community facility of 7,988 square feet on the second floor, and 50 residential units from the 3rd floor up to the 7th floor.
The project location meets the requirements of the Targeted Employment Area (TEA) under the EB-5 Immigration Investor Program Modernization Regulations, for the lower investment amount of $900,000.
Key Facts
- Location
- 3-11 27th Avenue, Astoria, NY 11102
- Targeted Employment Area
- Qualified for TEA
- Minimum Investment
- $900,000 USD
- Developer
- iX Development
- Era
- Straddles old law and RIA
Project Progress
Latest updates from the site.
2024
Jun. — I-526E approved.
Sep. — I-485 approved.
May 2023
As of May 2023, Group 11 “Pianist” project construction has been completed. The project is expected to obtain TCO in mid-June.
Total of 69 units: 45 are leased by Nest Seeker, and 24 are affordable units leased out by the government. All units are expected to be fully leased out by the end of August 2023.
Renderings
Pianist in view.
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