Project Description
Wave Spa is the final phase of the Kushner Companies’ multi-use seaside community Pier Village in Long Branch on the Jersey Shore. The project is located just a 60-minute drive from New York City.
In addition to 107 rooms that all include beach and Atlantic Ocean Views, the Project will also include an indoor pool, outdoor pool, lounge, gym, lobby bar and restaurant, and state-of-the-art Spa.
Hotel
Spa
Surf Club
Project Highlights
- Construction schedules
Groundbreaking is scheduled for the first quarter of 2023, with an estimated completion date of the second quarter of 2025.
- Capital Stack
- The Numbers
| – Total EB-5 Investors: 38 |
| – Estimated Job Creation: 755 |
| – Total budget: $105.8 million; EB-5 program funding accounted for $30.4 million |
Project Advantages
- US residency processing procedures are fast: Receive U.S. Residency in as little as 120 days per current USCIS guidance.
- Compliance Monitoring & Reporting: In addition to an expert team of internal and external counsel responsible for preparing offering documents, our team also engages third-party compliance experts to review all documentation to ensure our compliance with USCIS and SEC, thus giving our investors ample opportunity to properly secure their permanent green cards.
- Experienced in property development projects: Kushner Companies have successfully partnered with U.S. Immigration Fund on a previous project – 65 Bay Street – which was successfully funded, construction fully completed, was repaid by the developer prior to full term of the loan and satisfied all requirements for investors to obtain their U.S. Green Cards.
- Prime Location: Long Branch, New Jersey has outstanding accessibility to both New York City (1.0 hour) and Philadelphia (1.3 hours) via car or mass transit.