Hall Arts II, Dallas, Texas
HALL Arts Residences and Hotel is the second of a three-phase, mixed-use development led by HALL Group. It consists of a 28-story residential tower will include 50 luxury residences building and a 12-story, 183 room 5-star hotel recently selected by The Leading Hotels of the World and will house original art in each room.
The residential tower includes luxury residences—which range from 1,600 square feet to over 10,000 square feet for the two-story penthouse with a private 3,000-square-foot rooftop garden.
Located in the heart of the city’s Arts District, and surrounded by views of Pritzker Prize-winning architecture, such as the Winspear Opera House and Wyly Theatre, the HALL Arts Residences is a unique opportunity to reside in the cultural center of Dallas
Project Summary
- Project Name: HALL Arts Residences and Hotel
- Project Website: HALL Arts Hotel, Downtown Dallas & HALL Arts Residences
- Exemplar Approval: Received on November 30th, 2017
- I-526 Petitions Already Approved: First I-526 approved in June 2019
- Target Capital Raise: Up to $82.5 MM
- Total Raise at the time of Fund Closure: $74 MM
- Total Project Cost: $271 MM project located in the vibrant Arts district in downtown Dallas, Texas
- Total Expected Job Creation: 3,434 total new jobs (RIMS II Model)
Capital Stack:
- Conservative Project Capitalization: In excess of 25% of the total capital for the Hall Arts EB-5 Project is being provided by the developer and its partner, up to 35% through the EB-5 mezzanine loan, and the remainder will come from the senior bank loan.
- 2nd Phase of Successful Phase 1 EB-5 Project: The Hall Arts Residences is the second phase of a 3 stage, five-acre Hall Arts development led by the Hall Group
EB-5 Immigration-Related Highlights & Safeguards:
Project Completion Guarantee
Hall Financial Services Group, LLC has provided an unconditional completion guarantee, guaranteeing the completion of the development and construction of the Hall Arts II EB-5 Project. The Hall Completion Guarantee greatly reduces the immigration risk to you that the job creation requirement is not met as a result of the project not being completed.
I-526 Denial Refund Guarantee
Hall Financial Services Group, LLC has provided an unconditional guarantee guaranteeing the refund of your investment in Hall Arts II Fund, LP and the Administrative Fee in the event the USCIS denies approval of your application under the EB-5 Immigration Program (i-526 denial). The Hall I-526 Denial Refund Guarantee greatly reduces the financial risk to you in the event of a denial of your I-526 application.
EB-5 Loan Repayment Guarantee
Hall Financial Services Group, LLC, a subsidiary of the HALL Group required to maintain not less than $20 million in cash and marketable securities and GAAP net worth of in excess $150 million, has provided an unconditional and full repayment guarantee of the EB-5 loan to be made to the Hall Arts II EB-5 Project. The Hall Loan Repayment Guarantee greatly reduces the financial risk to you related to the return of your investment and the return on that investment.
Project Developers
- Highly Experienced Developer: HALL Group (www.hallgroup.com) is a 50-year-old company founded in 1968 by Craig Hall. Mr. Hall remains the CEO of the HALL Group and remains very active in the day to day operations of the company working with together with a senior management team that has been together for over 25 years. Over the company’s 50-year time span it has successfully navigated through many different global and national economic cycles. Though that time it has developed, owned, financed, and/or managed nearly $10 billion of real estate projects.
Media Coverage
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C/O Alpha Management
Office 2408, South Tower, Emirates Financial Towers
Dubai International Financial Centre
United Arab Emirates
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