Fairmont Residences – Houston, Texas
(I-956F Approved)
The Fairmont Residences is a 205-unit multifamily development located in one of Houston’s fastest-growing submarket: Brookhollow/Inwood Submarket. This location is proximal to Downtown Houston, which is approximately 30 minutes away. The project is located on a 5-acre site on West Tidwell Road, between TC Jester Boulevard and Rosslyn Road. The unit mix will be comprised of 10 - studios, 131 - 1bd/1ba, 56 - 2bd/2ba, 8 - 3bd/2ba totaling 205 units.
More EB-5 Projects
| NCE | Tidwell 5 Dev NCE, LP |
|---|---|
| Developer | Ashton Gray Development |
| Total Number of Units | 205 Units |
| Expected Opening | Spring 2028 |
| Development Cost | $38,000,000 |
| EB-5 Preferred Equity Amount | $10,400,000 (13 EB-5 Investors @ $800,000 each) |
| TEA | High Unemployment TEA |
| Job Creation | 319.1 Total Projected New Jobs |
| Jobs Per EB-5 Investor | 24.5 / Investor |
| EB-5 Investment Structure | Preferred Equity |
| Investor Preferred Return | 6.00% |
| Administrative Fee | $25,000 |
| EB-5 Loan Maturity | August 2030 |
