ARCFE Group 18
In ProgressParagon
Long Island City, Queens, New York
I-956F
Approved
The Project
About Paragon.
Building A: luxury mixed-use condominiums. Construction started; expected completion in Quarter 1/2027. EB-5 structure: senior mortgage loan with first repayment priority.
Building B: luxury mixed-use apartment rentals. Building topped out; expected completion in Quarter 3/2025. EB-5 structure: senior mortgage loan with first repayment priority.
EB-5 capital will be repaid through selling condos, represented by the elite brokerage team SERHANT. Short capital lock-in period of just 4 years (2.5+1.5). No redeployment needed as long as investors met USCIS’ requirements.
Key Facts
- Location
- Long Island City, Queens, New York
- Targeted Employment Area
- Qualified for TEA
- EB-5 Investors
- 42
- Jobs to Be Created
- 1,272.5
- EB-5 Structure
- Senior mortgage loan with first lien
- Developer
- ZD Jasper (Building 1)
- Era
- RIA
Project Progress
Latest updates from the site.
July 2026
The project is 87% complete overall. The main structure has been topped out. Exterior facades and MEP rough-in are substantially complete, and interior finishing is advancing on a large scale.
Structure & Exterior: curtain wall and window installation on all 22 levels is complete. Exterior insulation, roof waterproofing, and balcony component installation are proceeding concurrently.
MEP & Finishing: rough-in for HVAC, plumbing, sprinkler, and electrical systems is fully covered. Elevators have passed inspection and are available for use. Tile, cabinetry, and model unit work in kitchens and bathrooms are steadily being completed.
Renderings
Paragon in view.
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