ABOUT SMITH CENTRAL REGIONAL CENTER
Smith Central Regional Center is a member of the family of EB5 Coast To Coast LLC regional centers.
Smith Central Regional Center (SCRC) focuses on creating opportunities for EB-5 immigrant investors so they may obtain green cards by investing in job-creating real estate investments in the states of Illinois, Iowa, Indiana, Kansas, Kentucky, Michigan, Minnesota, Missouri, Ohio, Pennsylvania (Pittsburgh), and Wisconsin. SCRC specializes in the development, construction and operations of residential and mixed-use projects, a safe and reliable investment vehicle.
SCRC's principals have decades of experience in the real estate industry. SCRC's mission is to facilitate each investor's goal of investing in a sound business venture that will create positive financial returns as well as jobs for the local economy.
Projects Now Open to EB-5 Investors:
(by Smith Central Regional Center)
Kansas City Club Hotel
The Kansas City Club Hotel building was originally completed in 1922. The club was a gathering place for businessmen and politicians and its members include two former presidents, Harry Truman and Dwight D. Eisenhower. In 2016 the property was voted best wedding venue in Kansas City. In 2018 construction started and the plan is to convert the building into a 141-room hotel with a basement game room with a bar and food service, a restaurant off the lobby, a lobby bar, fitness center and 22,825 square feet of meeting space including a rooftop terrace.
The Stonegate is a second-phase apartment building that is part of a multi-phased planned development for the Village, located in Arlington Heights, Illinois. The Village consists of the first phase apartment project called One Arlington apartments (completed in 2015); a 102-room hotel; 35,000 square feet of retail space; and an independent living facility for seniors. The Stonegate will contain approximately 263 residential housing units and supporting parking facilities.
Completed EB-5 Project:
(by Smith Central Regional Center)
Smith Central Regional Center has sponsored EB-5 investors in multiple Burger King stores in Illinois and Ohio.
What is an EB-5 Regional Center?
An EB-5 Regional Center is an entity designated by the United States Citizenship and Immigration Services (USCIS) to promote economic growth by sponsoring projects to raise EB-5 investment.
There are currently hundreds of approved regional centers, each designated to sponsor projects within a specific geographic area in the United States. USCIS designates a regional center based on an application that explains how the regional center will promote economic growth in its area. To ensure that a designated regional center remains eligible, USCIS reviews its annual reports to verify that it has continued to comply with all applicable laws and authorities.
Over 90% of EB-5 visas issued over the past decade have been for applicants who invested through the regional center program. Learn more about the "Benefits of Working with an EB-5 Regional Center".
Smith Central Regional Center covers these 11 states:
What drives demand for development projects? Job growth.
In 2017, Illinois had the 2nd highest number of tower cranes in operation in any U.S. city, due largely to companies relocating to the Chicago area, and despite some economic challenges, companies continue to invest in the area. Construction in Indiana continues to grow. Multifamily, and mixed-use projects are steady and active, and the leases continue to fill up. The commercial real estate market in Michigan continues to gain momentum, and the multifamily market also remains hot. Employment in Ohio is finally back near the peak of 18 years ago, and massive billion dollar construction projects will anchor what is expected to be record setting construction season in 2019. Wisconsin continues to add jobs and construction continues to perform well compared to other states, with mega-projects on the horizon. Kansas growth has exceeded the national average and new jobs in construction experienced 3% growth in 2018, based on positive indicators in both the housing and commercial real estate markets. The rebirth of downtown Springfield, Missouri is seeing a lot of new construction. With its low taxation system, and low property taxes, Missouri is an appealing real estate market that has attracted significant investment over the past few years. The Pennsylvania commercial real estate industry will see nine years of consecutive growth, if the 2019 forecasts materialize. Kentucky is currently ranked 24th in the U.S. for its economic performance. With private-sector construction vigorous, 2018 was expected to be by far its best year ever for economic development, and there is genuine optimism about the future.
EB-5 Visa Projects = Job Growth = Livability
Also known as the “Midwest”, Illinois, Indiana, Michigan, Ohio and Wisconsin, are home to The Great Lakes, Rock-and-Roll Hall of Fame, countless pro sports teams and thousands of acres of farmland. Kansas and Missouri are also part of the Midwest that epitomizes the U.S. heartland with its Great Plains setting of rolling wheat fields, scattered woodlands, low mountains, as well as caves and lakes. The land is dissected by streams and rivers, including the major rivers; Mississippi River and Missouri River. The Midwest is a beautiful place with short steamy summers, long frigid winters, and a comfortable spring and fall. Cheese curds, Chicago-style hotdogs, Cincinnati chili, St. Louis BBQ and Minnesota sugar cream pie define the culture, along with more than 100 top-rated breweries.
Located in the far Northeast corner of the U.S., Pennsylvania is technically not a state - it's a commonwealth, meaning the focus is on the common welfare for all citizens, though there's no real difference between how states and commonwealths function in the United States. Almost totally covered by mountains, most of the state is a series of rolling hills, plateaus, ridges, and valleys. Over 50% of the land is still covered by forest land. The climate has hot muggy summers to cold and snowy winters, and one of the most beautiful and varied fall foliage displays on Earth. Pennsylvania is jammed packed with top colleges and universities such as Penn State and Carnegie Mellon.
Kentucky, also known as the "Bluegrass State", is a nickname based on the bluegrass found in many of its pastures due to the fertile soil. The state is bounded by the Ohio River in the north and the Appalachian Mountains in the east. It has a moderate humid subtropical climate, with abundant rainfall and four distinct seasons, but rarely experiences the extreme cold or high heat. Kentucky is a mix of small town / big town. There's trees and hills everywhere. You drive past farms full of horses and cows and the next minute you're driving past big subdivisions. There's a good mix of arts and theater, and of course the famous Kentucky Derby horse races each May at Churchill Downs in Louisville.