High Unemployment Area EB-5 project, ARCFE Group 19 Brooklyn Gowanus, receiving its I-956F approval from USCIS within only 6 months of filing.
This once again demonstrates that there is not a significant difference in processing times between HUA and rural projects, highlighting USCIS's efforts to improve their processing efficiency. Despite the comparable timelines, HUA projects remain more attractive due to their lower risk profile. Investors can benefit from both timely processing and reduced exposure to potential uncertainties.
Group 19 is a residential development project located in the emerging and vibrant Gowanus neighborhood of Brooklyn (NYC). With a total construction area of 135,000 sqft, this 14-story mixed-use building will have 130 rental units, along with ~9,000 sqft of ground-floor retail space and ~6,000 sqft of art space.
Gowanus is a vibrant and eclectic neighborhood known for its industrial heritage, artistic community, and ongoing revitalization efforts. In recent years, Gowanus has undergone significant transformation, attracting young professionals, artists, and families seeking a mix of urban living and cultural charm. The neighborhood is characterized by its historic buildings, trendy boutiques, art galleries, and diverse culinary scene.
The project is very close to public transportation such as buses, subway trains, as well as bridges and highways, making it easy to travel to neighboring boroughs like Queens or Manhattan (the center of New York City).
