Jackson

The fund raised will be used towards the construction of a 14-story mixed-use condominium building, which consists of 76 residential units and one commercial unit. The building is located at 27-49/51 Jackson Avenue, LIC, NY 11101. The lot area is 8,000 SF and the gross construction floor area is approximately 91,000 SF. The first and second floor will have about 16,000 SF prime retail spaces. From the third to the fourteenth floor are 76 condominiums units including studio, one-bedroom, two-bedroom, and three- bedroom units.

The Jackson project is located at the center of Long Island City (LIC). LIC is New York's fastest growing neighborhood. Its recent growth has opened door to a vibrant mix of things to see and do. The area has one of the most highly accessible transportation hubs, including 8 different subway lines. It is also rich in cultural diversity and home to a large community of artists. LIC is packed with museums, theaters and art spaces, including the infamous MoMA PS1 - one of the largest contemporary art institutions in the country.

Rents in this area are competitive but not off-the-chart high like Manhattan, while geographically still managed to be close to the city. This makes LIC the ideal place for young professionals to live in and the highly profitable investment option for real estate investors.

Strategic Capital is the U.S. subsidiary of CSCEC.

CSCEC ranked 13th on Fortune 500 list, and 1st in its industry. The company was founded in 1982 and over the years, it branched out to 50 countries and regions all around the world. The U.S. subsidiary of CSCEC has completed many notable projects in the U.S., such as: New York City Hall, Brooklyn Navy Yard, Expansion of the Long Island Rail Road, etc.

The Jackson Project qualifies for TEA despite the stricter regulations in the EB-5 Reform Bill that was passed on March 15th, 2022. Being qualified for TEA also means that the minimum investment amount per investor is lower. Per the new regulations, TEA projects are placed at $800k per investor, while non-TEA projects are placed at $1.05M.

EB-5 funds will be paid back from the condo sales. Total sales revenue estimated to be $86M, which is 1.5 times the sum of construction loan and EB-5 amount.