2019 Construction Start
|EB-5 Fund Size||$80,000,000|
|Interest Rate||Call for Details|
|I-526 Status||Filed & Pending|
|Security/Guarantees||Call for Details|
2019 Construction Start 0%
The 1900 Broadway Project (“Project”) is a new 36-story mixed-use residential and retail development in Oakland, California. It will occupy a new facility of approximately 472,470 square feet, and will include 451 Class “A” apartment units, approximately 6,679 SF of leasable retail space, an amenity deck, and a parking structure with 307 parking stalls. The Project will be located at 1900 and 1930 Broadway Avenue, directly above the 19th Street BART Station and across the street from the new Uber headquarters (recently purchased by CIM) in the trendy Uptown Oakland market.
- Unit Count: 451 (Studios, 1BD & 2BD)
- Floor Count: 36 (368′)
- Residential NSF: 342,000
- Retail NSF: 6000
Ready to Review the 1900 Broadway Project Details?1900 Broadway is a 450-Unit Class “A” residential tower that will be the first choice for any Oakland renter. 1900 Broadway sits directly above 19th Street BART, only three stops from Embarcadero Station, providing fast transit to San Francisco. 1900 Broadway is adjacent to Uber's new 400,000-SF office building, which will host 3,000+ employees.
- Project Summary
- Investment Details
- EB-5 Advantages: Protections and Guarantees
- Economic Analysis
- Location Analysis
- Previous USCIS Approvals and Government Support Letters
- Development Team Profiles
- EB-5 Team Profiles
- Previous Berkeley Regional Center Projects
“Top High-Rise Development Site on the West Coast” (CBRE)
- With the combination of location, BART Station, Co-Working area and Class A apartments, the project is of such high quality it is considered by us to be “Irreplaceable”
Top Tier Development Manager: Lincoln Property Company (West)
- Over 180,000 residential units with over $17B in value
EB-5 Protections & Guarantees
Behring Companies offer the best protections and guarantees available for EB-5 investment. Protections and guarantees include I-526 Money Back Guarantee, Construction Completion Guaranty, and 100% Equity Pledge to EB-5 Investors.
I-526 Money Back Guarantee
I-526 approval or we refund 100% of capital and fees
Construction Completion Guarantee
We require construction completion guarantees on all projects ensuring proper delivery of the project
Job Creation Guaranteed (Construction)
Construction & Indirect job creation alone meet 100% of the job creation requirement which is backed by construction guarantees
Secured by 100% Equity Pledge
The EB-5 investors will be repaid on time, in full, or the EB-5 investors will have the ability to foreclose on ownership of the apartments, just like a bank would.
Downtown Oakland, California
Located directly on top of the 19th Street BART Station
Across the street from the newly renovated UPTOWN Station
3 BART stops (17 minutes) from Embarcadero in Downtown San Francisco
3 stops (15 Minutes) from Downtown Berkeley Station at U.C. Berkeley
Location enhanced by the trendy Uptown market of Downtown Oakland
World Class Asset
- 36 stories
- 451 units of class “A” residential apartments
- Class A amenities: clubhouse, pool, state of the art fitness center, co-working and plug-in space, meeting rooms, dog-run, bicycle workshop and more…
Alliance Residential provided their analysis of the site, the asset and the overall opportunity for development of the 1900 Broadway project. The results was the project earning “Straight A’s” across the board for Location, visibility, curb appeal, condition, clubhouse, fitness center, pool and interior finishes.
5 Star Amenity Package
1900 Broadway’s superb location set’s it next door to an array of dining, entertainment and quality employment locations. We are adjacent to UBER’s newly renovated UPTOWN Station project (recently purchased by CIM)
- 350,000 SF of incredible creative office space
- 50,000 foot “bazaar” styled marketplace featuring bespoke food, beverage and custom retailers.
19th Street and Broadway has achieved a Walkscore of 100, the highest rating offered by the metropolitan data analytics website, and is considered to be a “walker’s paradise”, meaning cars are not required for daily errands.
Walk Score measures the walkability of any address using a patented system. For each address, Walk Score analyzes hundreds of walking routes to nearby amenities. Points are awarded based on the distance to amenities in each category. Amenities within a 5 minute walk (.25 miles) are given maximum points. A decay function is used to give points to more distant amenities, with no points given after a 30 minute walk.
Walk Score also measures pedestrian friendliness by analyzing population density and road metrics such as block length and intersection density. Data sources include Google, Education.com, Open Street Map, the U.S. Census, Localeze, and places added by the Walk Score user community.
The Project will be located at 1900–1930 Broadway Avenue, Oakland, California. The Project site lies within the San Francisco–Oakland–Hayward, CA Metropolitan Statistical Area. The project’s location in Alameda County qualifies as a Targeted Employment Area. 1900 Broadway is closer to Downtown San Francisco via BART than most residential sites actually in San Francisco. 1900 Broadway requires 37.4% less income to qualify for a similar 2-Bedroom unit than 399 Fremont, a comparable product in San Francisco.
The 1900 Broadway development team is comprised of national brand name firms such as Lincoln Property Company West, Suffolk Construction, Thornton Tomasetti and more.
Behring Capital Partners LP
Behring Capital Partners, LP (“BCP”) is a development fund that serves as the primary investment vehicle of Colin Behring, Behring Capital LLC, and its investment partners. The development fund is focused on San Francisco Bay Area urban infill multi-family assets in the early stages of development. Over the past ten years, Colin Behring has participated in the entitlement, development, investment or construction of over 4,000,000 square feet of real estate in Northern California and Shanghai, China.
Zhong Rong International Trust (ZRT)
Zhong Rong International Trust Co. Ltd. (“ZRT”) was established in 1987 and is one of the longest running diversified investment trust companies in China. In Q1 2016, ZRT reported over RMB 640.09 Billion (US $92.94 Billion) under management, with assets of over RMB 11.66 Billion (US $1.69 Billion). ZRT’s primary business lines include financing of industrial and commercial enterprises, securities investments, basic industries, real estate, and other investments, and has participated at all levels of the capital stack including senior debt, mezzanine financing, and equity investment.
Lincoln Property Company West
Lincoln Property Company West (“LPC”) is a national real estate firm offering a comprehensive suite of value-added services for its clients. With a substantial local presence and history in the California area, they are ideally situated to provide superior service. The people of LPC and their philosophy are the key ingredients for the company’s solid track record of success, which includes the acquisition and management of over $17 Billion in Residential property across 130,000 residential units, $9 Billion in commercial property across 120 Million square feet, and a development pipeline of nearly $11 Billion in commercial property.
Solomon Cordwell Buenz
Solomon Cordwell Buenz (“SCB”) is an architecture, interior design, and planning firm that practices nationally, based in offices in Chicago and San Francisco. Since 1931, SCB has made a lasting impact on the nation’s skylines, campuses, and neighborhoods, helping clients across the country achieve their goals, serve their constituencies, and make their mark.
SCB boasts a staff of over 240 design professionals with more than 650 completed projects across a wide range of building types. In 2007, the firm opened an office in San Francisco, and since then has made extensive contributions to the city’s skyline and neighborhoods. The firm’s first project in San Francisco, One Rincon Hill, follows in the SCB tradition of using creative design tactics to deliver unique solutions. Designed as a catalyst for urban renewal, the slender tower’s 60-story height was made possible by integrating unique architectural and structural solutions for building in an active seismic zone.
Suffolk Construction is one of the most successful privately held building contractors in the country, providing preconstruction, construction management, design-build, and general contracting services to clients in the healthcare, science and technology, education, federal government, and commercial sectors.
Suffolk is based in Boston, Massachusetts and has a strong national presence, with main offices throughout the Northeast, Southeast, and West Coast. Suffolk is committed to delivering its “build smart” approach to construction management on every project. The company’s project teams provide clients comprehensive planning services, innovative solutions and technologies, and proven processes, such as Building Information Modeling (BIM) and Lean Construction, to deliver the most complex building construction projects on schedule and on budget, with minimal risk.
Suffolk is a community-conscious organization dedicated to environmentally friendly and sustainable business practices, and is committed to making a positive impact in its local communities through grassroots volunteer work, employee fundraising, and corporate giving.
Thornton Tomasetti provides engineering design, investigation and analysis services to clients worldwide on projects of every size and level of complexity. Thornton Tomasetti is a 100% employee-held organization of 1,200 engineers, architects, sustainability practitioners and support professionals collaborating from offices across North America and in Asia-Pacific, Europe, Latin America and the Middle East. Thornton Tomasetti focuses on providing a diverse suite of integrated services and leading innovation in their industry to ensure the continued success of their clients.
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- Eligibility Questionnaire
- Preparing Source of Funds Report
- Subscribing to the Partnership
- Transferring Funds
- I-526 Petition Filing
- Adjustment of Status
- Submitting the I-829 Petition