Stazione25 EB-5 Project Receives First I-526 Approvals from USCIS!
We are thrilled to announce that the Stazione25 EB-5 Project has received its first I-526 approvals!
This is a significant achievement for our investors and a strong endorsement of the Stazione25 project by USCIS, highlighting our commitment to job creation, sustainable development, and fulfilling the requirements of the EB-5 Immigrant Investor Program.
The I-526 approval is a critical step in the EB-5 process, confirming that each investor’s funds have been properly invested in a U.S. job-creating enterprise and that all program requirements have been met. For our investors, this approval represents a major milestone in their journey towards conditional U.S. permanent residency and, eventually, a green card.
About Stazione25
Stazione25 is a state-of-the-art, 301-unit apartment development strategically located adjacent to the Mount Baker Transit & Light Rail Station, offering unparalleled access to downtown Seattle in just 7 minutes and the University of Washington within 15 minutes. This prime location has proven highly attractive to tenants, with the project currently maintaining a 93% occupancy rate, even as new apartment buildings continue to rise in the area.
Key Highlights of Stazione25:
Ideal Location: Stazione25’s close proximity to the Mount Baker Light Rail Station makes commuting convenient, connecting residents to key Seattle destinations. The surrounding area is thriving with new restaurants, shops, and amenities, further enhancing the living experience.
Modern and Sustainable Living: The two buildings at Stazione25 feature three versatile floor plans, offering studios, one-bedroom, and two-bedroom apartments designed with energy-saving features. High-efficiency HVAC systems, low-flow plumbing fixtures, and elevators are all part of our commitment to reducing environmental impact and providing high-quality living spaces.
Exceptional On-Site Amenities: Residents at Stazione25 enjoy a range of premium amenities, including a tenant lounge, media and gaming room, 24-hour fitness center, rooftop deck, pea patch planters, and 217 below-grade parking spaces. These facilities foster a vibrant community atmosphere that sets Stazione25 apart.
Proven Demand and Occupancy: Both buildings at Stazione25 are currently at about 93% occupancy, demonstrating strong demand due to the project’s unique location, high-quality design, and community atmosphere. Despite increased competition from new apartment developments in the area, Stazione25 continues to thrive.
A Milestone for Our Investors
Receiving the first I-526 approvals is a major milestone for Paragon Principal Capital and our valued investors. These approvals confirm that the Stazione25 project meets USCIS’s stringent requirements, including job creation and proper fund allocation, reinforcing our commitment to investor success.
This achievement brings our investors one step closer to achieving their U.S. immigration goals, showcasing the strong foundation and viability of the Stazione25 project.
Thank You to Our Partners and Investors
We extend our deepest gratitude to our investors for their confidence in Stazione25 and to our dedicated partners who have contributed to making this project a success. Together, we continue to deliver on our promise of creating exceptional living spaces that positively impact communities and generate economic growth.
