Seattle Southport Office EB-5 Project

About Southport Office Campus

About Southport Office Campus

The Southport on Lake Washington Office Campus is situated on the south shore of Lake Washington. Within the Southport campus is a mixed-use 17.1 acre waterfront development. The subject office development will include three, 9-story buildings consisting of 727,634 gross square feet of Class "A" office space, together with 695,159 GSF of parking, currently under construction on 5.62 acres, with occupancy scheduled for December 2018.

- Large, efficient floor plates ranging from 25,000 to 33,000 RSF
- 727,634 SF of Gross Building Space, 714,078 SF of Net Rentable Office Area, 10,279 SF of Retail Space
- 695,159 SF of Garage Parking, 2,121 structured parking spaces with the ability to expand parking to an adjacent site to meet a tenants needs.
- Large, light and airy corporate common spaces and internal building connection within the first floor and podium roof terraces between Towers at Levels 2 and 3 and at Levels 4 through 8 of each Tower
- Indoor/Outdoor waterfront conference pavilion with Winter Garden
- Robust network infrastructure for burst speeds and heavy data transfer requirements
- Secured bike storage for 194 bicycles with additional storage for kayaks
- Office Tower 2 is provided with raised structural pad and an additional exit for future helistop, if desired. Read more

About the EB-5 Offering

About the EB-5 Offering

- Issuer: Southport Office EB-5, LP
- General Partner: Seattle Family Regional Center
- Offering Amount: Up to 246 units of limited partnership interests
- Offering Price: US $500,000 plus an administrative fee
- Offering Proceeds: Aggregate proceeds up to US $123 million that will be loaned to develop the project
- Jobs Required: 2,460 (All jobs needed for the investors’ I-829s have been created)
- Actual Job Creation: 3,910
- Job Cushion: 59%
- Construction began January 2016 Read more

Project Advantages

Project Advantages

- USCIS exemplar-approved project with multiple already–approved I-526 petitions
- Experienced successful developer -- SECO Development incorporated in 1989
- Waterfront location surrounded by some of the most powerful global business leaders in the world
- Direct access to I-405, within minutes of I-5 and I-90, a short ten-minute drive to Seattle’s International Airport
- Experienced EB-5 Teams: Advised by Robert C. Divine Esq., the leader of Baker Donelson’s Global Immigration Group, Seattle Family Regional Center has helped hundreds of investors submit their Green Card applications
- Construction is over 70% complete. All jobs needed for I-829 petition-removal of conditions have been created
- Developer equity invested, Construction financing secured, EB-5 financing over ½ raised -- Allows for the entire capital required for project completion
- EB-5 capital deposits use NES Financial-monitored draw down account. Loan draws reviewed by Falkin Associates.-Transparency in funds management
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