LCR’s Four Seasons Surf Club project in Miami FL sees its first I-829 approval, joining two other LCR projects whose investors have already received the same approval.
This past week, USCIS has adjudicated and approved the first permanent green card for an investor and their family in the Miami Four Seasons Hotel & Residences at the Surf Club EB-5 project.
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.
