ARCFE Group 15
In ProgressDutch Kills Project
29-24 40th Avenue and 46-30 21st Street, Long Island City, NY 11101
I-526E
Approved
EAD & AP
Approved
The Project
About Dutch Kills Project.
ARCFE Group 15 Dutch Kills consists of 2 real estate development projects located in Long Island City (Queens borough, New York City). Group 15 qualified for TEA, putting the investment at $800,000 USD per investor, and met requirements for 10% EB-5 visa set aside.
Project A: a 12 floors mixed-use building, including 190 rental units and 76 parking spaces, located at 29-24 40th Avenue, Long Island City NY 11101. The EB-5 fund serves as senior loan, securing the first priority mortgage on land and building. This also means that EB-5 will have the first priority in repayment. The project is expected to be completed in Quarter 1 of 2026.
Project B: a 9 floors mixed-use building, including 71 residential condominiums and 22 parking spaces, located at 46-30 21st Street, Long Island City NY 11101. The project is expected to be completed in Quarter 2 of 2025.
Key Facts
- Location
- 29-24 40th Avenue and 46-30 21st Street, Long Island City, NY 11101
- Targeted Employment Area
- Qualified for TEA
- Minimum Investment
- $800,000 USD
- EB-5 Investors
- 85
- Jobs to Be Created
- 1,059.2
- Era
- RIA
Project Progress
Latest updates from the site.
Jun 2026
The project is 93% complete overall and has fully entered the final completion stage.
Both North and South Towers: exterior facades, windows and doors, and roofing are all complete. Rough-in work for MEP, plumbing, sprinkler, and electrical systems throughout the building is finished.
North Tower: interior finishing is substantially complete. Cabinetry, appliances, tile and flooring, and door hardware are all in place. South Tower: gypsum board, painting, kitchen/bathroom, and flooring work are continuing to progress. Both elevators have passed construction acceptance inspection.
Renderings
Dutch Kills Project in view.
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