LCR’s Four Seasons Surf Club project in Miami FL sees its first I-829 approval, joining one other LCR project whose investors have already received the same approval.
This step, the I-829 review, is the final step in the EB-5 Immigrant Investor process and includes a formal evaluation of the job creation and economic impact of the project. In granting I-829 approval to the family, USCIS has reviewed the project and certified that it has met the EB-5 program’s immigration requirements.
This approval sets a precedent for investors in the Surf Club project who will follow as they complete their two-year sustainment period and file their own I-829 petitions.
The Four Seasons Surf Club project now joins another recent LCR project, the HALL Arts Hotel & Residences in Dallas, Texas, that has had I-829 approvals.
For an EB-5 investor, receiving approval on the I-829 petition is very significant. The approval allows USCIS to issue a 10-year green card and is the final step of the immigration process based on the requirements of the EB-5 Investor Visa program.
When their time comes to file for the permanent green card, all investors in the Four Seasons Surf Club EB-5 project should feel confident about getting their I-829 petitions approved, confirming LCR’s commitment to offering and managing best-in-class projects for the EB-5 market.