Project CMB-64 Hillwood Rialto & Sycamore I

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PROJECT OVERVIEW

Hillwood Rialto & Sycamore is a collaborative project between CMB Regional Center and Hillwood Development which is in the top 10 of first-rate real estate development companies in the United States. CMB and Hillwood have a long collaboration with great success in 23 different CMB EB-5 partnerships including The Group 64 Project. Up to now, the I-562 petitions of 17 in these 23 partnerships have been in approval.

Project Details

The Group 64 Project consists of 2 parts:

  1. Expanding and constructing the industrial / logistics establishment (“Building 6”), located on the former Rialto Airport, in Rialto city, California.
  2. Expanding and constructing the Sycamore Canyon Building (“Building 1”) which is also known as Magnon  Development.

The Building 6:

  • The building 6 will be the distribution logistics center with Class A output and its approximate area is 79.4sqm.
  • The building is about 90 km far away from the heart of Los Angeles city and 119 km from Los Angeles Port and Long Beach for its location in Inland Empire area, Rialto city, southern California
  • The building is located in the south of Interstate I-210 and Renaissance avenue which provides facilitation to residents to get to Interstate I-210 and I-5
  • This project is located in job creation area confirmed by the State of California
  • The building is 9.75 meters high with ESFR fire alarm system
  • The building includes a wide parking lot for trucks and tractor trailers, 2,869 cars and 543 vans

The Building 1:

  • The building is located in Inland Empire area, Rialto city, southern California about 98.2 km far away from the heart of Los Angeles city and 112,7 km from Los Angeles Port and Long Beach, which is the only area for industrial development.
  • The building 1 will be the distribution logistics center with Class-A output and its approximate area is 94,110sqm
  • The building will be in a prestigious zone with over 31,587 hectares of constructing space, and it is located in Inland Empire, which is in high need of logistics and easily accessible to Interstate I-215 and I-10
  • Construction works are carried out such as well-known ones hired by Pepsi Bottling Group, Kroger, Amazon, etc.
  • The building is 9.75 meters high with about 150 distribution logistic gates
  • The building includes spaces for offices, wide range of parking lot for cars and tractor trailers
  • It is 32 km far away from Alliance California which is in the south of domestic logistic Port/ master plan industrial park of Hillwood

The project’s EB-5 information

  • Toal EB-5 loan: $49.5 million
  • Total project’s expenditure: $321.8 million
  • Total estimate job: 1,404 jobs
  • Total created job in provision: 41.8%

Project progress

Building 6

  • Development and prior construction activities are carried out in the Third Quarter of 2017
  • Construction will be started in the First Quarter of 2018
  • Construction will be completed in the Second Quarter of 2019

Building 1

  • Development and prior construction activities are carried out in the Third Quarter of 2017
  • Construction will be started in the First Quarter of 2018
  • Construction will be completed in the Fourth Quarter of 2018

ABOUT THE INVESLOPER:

The Hillwood Development (Hillwood):

  • Top 10 of real estate developer in the United States
  • Being recognized through caliber projects as well as public and private joint-venture ones
  • Being awarded by prestigious commercial real estate organizations
  • Expanding more than 23,000 residentials in over 70 locations throughout America and Costa Rica
  • The Hillwood’s foundation project, Alliance Texas has attracted more than 220 businesses, created 28,000 jobs and occupied the area of 3 million meters square since 1990.
  • EB-5 Achievements:
    • 22 CMB EB-5 partnership ( Group 64 will be the 23rd Partnership)
    • 17 former projects’ I- 526 petitions have been approved
    • Partnership’s rate of project approval maintained is 100%

CMB Regional Center:

  • This is the oldest and the most prestigious regional center in America
  • The leading and top unit in EB-5 field
  • More than 2,500 permanent green cards have been granted
  • Center has already returned $144 million to EB-5 investors
  • Center record’s success rate is 100%
  • Center has made great achievements for over 50 projects and provided more than 145,000 jobs.

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