The rebounding Northern Nevada economy is spurring construction, worker shortages and increasing demand for residential and commercial properties. While a boon to the region, the shortages have continued to create schedule delays for all builders in the area. Needless to say, the Nevada State EB-5 Regional Centers sponsored project (Adams 308) has been continuously manned, though its completion has also been somewhat delayed. Given the time delay, when coupled with the early onset of winter weather, the Adams 308 project has adjusted its timeline for completion to be in the Spring of 2018.
The delay has not created any issue with the tenants’ leases which will start next spring. The extension in completion time has a benefit in that the H1-B Visa holders and immigrant investors have additional time to participate in the EB-5 Regional Program for permanent U.S. citizenship.
Project Update: November 27, 2017
Building A – Main Building 3-Story mixed use building. This building is anticipated to be completed by the late first quarter of 2018.
1. Exterior framing is completed.
2. Roofing and interior waterproofing is completed
3.Exterior windows and doors installed
4. Exterior siding and trim details are in process.
4. Interior rough construction is also underway.
The work on Building A will be able to be continued through the winter given the building is now water tight.
Building B – Two Stand Alone Apartments with Garages. This building is completed other than minor punch list items.
Building C– Garages for Apts. This building is completed other than punch list items.
If you are an immigrant investor interested in more information about this exceptional project, please contact NVEB-5. NVEB-5 will provide you with information about participation in the EB-5 Immigrant Investor Program and help direct you to the project owner for more details about the NVEB-5 sponsored project.
Toll Free: 855-498-6360