Current EB-5 Projects
901 LP (expanded) — Co-branded Marriott Hotel — Los Angeles, California
3188 LP — Urban Work Lofts and Storage, Phase II — Seattle, Washington
3405 LP — Hilton Homewood Suites Hotel — Atlanta, Georgia
| Launched | Total EB-5 capital | Received as at 15 Feb '12 | Possible closing date | |
| 901 LP | May '11 | $ 168,000,000 | 147,000,000 | end March 2012 |
| 3188 LP | June '11 | $ 33,000,000 | 25,000,000 | April 2012 |
| 3405 LP | December '11 | $ 15,000,000 | 1,000,000 | May 2012 |
If you would like an investment prospectus for any or all of our current projects and you reside outside the UK, please click here to contact Taroa Investment Company, American Life's sales and marketing arm.
If you are from the UK and you have not certified that you are either a High Net Worth Individual or a Self-Certified Sophisticated Investor (as required by the Financial Services Authority), please complete the appropriate form on our website. We are obliged to receive the form before we can send you a prospectus.
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Marriott Hotel – Los Angeles Downtown
A brand new Marriott Hotel in L.A. is being developed by American Life, Inc., the Marriott Corporation, and WDA Olympic Development. This co-branded hotel project consists of 175 Courtyard by Marriott hotel rooms and 218 Residence Inn by Marriott rooms, providing extended-stay accommodations with a kitchen and business office.
This expanded $168 million project now includes an increased number of rooms, increased meeting space and underground parking. It is scheduled to open July 2014.
The location of the hotel is in a neighborhood commonly referred to as the "LA Live" entertainment center. This world-class entertainment district is located in downtown Los Angeles and includes major attractions, such as the Staples Center (home of the L.A. Lakers, L.A. Clippers, and L.A. Kings), the Nokia Theatre, the Grammy Museum, Los Angeles Convention Center, and numerous residential condominiums, retail shops, theatres, restaurants, and night clubs. This 4 million sq. ft. mixed-use environment cost about $2.5 billion to develop. The LA Live project opened to the public in October 2007 and continues to add investment in nearby residential, office space, and hotels.
Located in downtown Los Angeles, the new Marriott Hotel will be part of the second largest economy in the United States. With a population of 3.8 million people, Los Angeles is a world center of business, international trade, entertainment, culture, media, fashion, technology and education. The Los Angeles-Long Beach-Riverside combined statistical area has a gross metropolitan product of $831 billion (as of 2008), making it the third largest economic center in the world, just after the Greater Tokyo area and the New York-Newark-Bridgeport area.
Development information:
Land:
- Total area: 35,000 sq. ft. / 3,252 m2
- Closing on the property: August 2011
- Start construction: May 2012
Hotel:
- Grand opening: July 2014
- Total building area: 373,000 sq.ft. / 34,653 m2
- Total sub-grade parking: 36,648 sq. ft. / 3,405 m2
- Courtyard guestrooms: 175 (traditional hotel rooms)
- Residence guestrooms: 218 (extended-stay rooms)
- Restaurant and bar: 140 seats
- Meeting space: 8,000 sq.ft. / 743 m2
- Recreational facilities: Outdoor pool, whirlpool and fitness center
- Parking spaces: 90 plus leasing additional
- Retail space: 5,500 sq.ft. / 511 m2
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Urban Work Lofts and Storage, Phase II – Seattle, WA
American Life is currently in phase II development of the Urban Work Lofts and Storage, a commercial mixed-use building with a total of 173,761 sq. ft. leasable space. Consisting of 865 self-storage units and 121 parking spaces, this $33 million design-build property is expected to finish construction by Fall 2013. The property will be managed by the same phase I operator, Urban Self Storage, Inc., a regional selfstorage management and development company with approximately 27 locations throughout the greater Seattle area.
The Urban Work Lofts are located on the Rainier Brewery Property, located at the intersection of Interstate 5 and the West Seattle Freeway in the SODO neighborhood of Seattle, Washington. This is a regional landmark, with excellent visibility and commanding views of the Port of Seattle and downtown Seattle. The property also has excellent access to Highway 99, Interstate 90, and rail lines.
The entire Rainier Brewery Property is made up of 21 buildings on 240,000 square feet of land. Home to companies such as Tully's Coffee headquarters, Bartholomew Winery, and Red Soul Motorcycle Fabrications, the property has recently undergone major renovation to convert the old brewery into a host of mixed-use space that includes office work lofts (phase I of the Urban Work Lofts), self-storage units, a recording studio, band practice spaces, retail areas and parking units.
Development information:
Land:
- Total area: approx. 30,000 sq.ft. / 2787 m2
- Closing on the property: Before October 1st, 2011
- Start construction: November 2011
Property:
- Total building area: 173,761 sq.ft. / 16,143 m2
- Storage Units: 865
- Parking spaces: 121
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Hilton Hotel – Atlanta, GA
A Hilton Homewood Suites extended stay hotel will be developed by American Life in its Atlanta Regional Center, located on “hotel row” near the Atlanta Hartsfield-Jackson International Airport, the world’s busiest airport, which has long served as a valuable hub connecting various cities and countries around the globe. Hartsfield-Jackson is also a prime destination for travelers – business and pleasure – visiting Atlanta and other locales in the southeastern United States. To keep pace with rapid growth, both in the metropolitan Atlanta area and regionally, the airport continues to expand capacity and improve efficiency through the $6 billion-plus Capital Improvement Program (“CIP”). Two flight schools and two air lines have their headquarters there and the new fifth runway has provided increased capacity.
Development information:
Land:
- Total area: approx. 95,327 sq.ft. / 8,856 m2
- Closing on the property: May 2012
- Start construction: June 2012
Hotel:
- Grand opening: October 2013
- Total building area: 93,458 sq.ft. / 8,682 m2
- Homewood Suites: 122
- Parking spaces: 110
- Suites include: fully-equipped kitchen, large work area, high-speed internet
- Other facilities: business center, valet service, breakfast area, convenience store, coin laundry, fitness room
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