550 West Chelsea (Premium Manhattan Residential)
Total EB-5 Funding: $50.4 million.
Investor Number: 63 investors.
550 West Chelsea is a luxury residential development located in Manhattan’s West Chelsea neighborhood, adjacent to the High Line and within one of New York City’s most established residential and cultural districts. Sponsored through EB5 Northeast RC LLC, the project forms part of the US Regional Center network’s current EB-5 portfolio and is presently under construction.
550 West Chelsea
Manhattan, New York
Sponsored by EB5 Northeast RC LLC
Status:
I-956F Approved
Under Construction
Project Overview
550 West Chelsea is located in Manhattan’s West Chelsea neighborhood, an area recognized for its residential development, cultural institutions, galleries, and proximity to the High Line.
The project is a luxury residential development sponsored through EB5 Northeast RC LLC and is currently under construction. With an EB-5 loan of $50.4 million, the project is structured as part of the Regional Center’s current EB-5 project portfolio.
The development supports EB-5 job creation through its construction and related economic activity. Project documentation, construction progress, and other key information are maintained as part of the Regional Center sponsorship and reporting process.
