#United States #Santa Monica #Civitas Capital #EB-5 Investment

USCIS Awards Civitas Investor High-Unemployment Area (HUA) I-526E Approval for Santa Monica Promenade Project

Civitas Capital Group, a prominent operator in the EB-5 regional center space and a reliable partner in real estate capital, recently announced a significant milestone in its Santa Monica Promenade project. A Korean investor has successfully received the approval of Form I-526E from the U.S. Citizenship and Immigration Services (USCIS), marking a triumph amid the current economic climate where job opportunities are scarce.

This marks the initial I-526E petition approval for the Santa Monica Promenade project, a site designated as a high-unemployment area (HUA). Unlike rural areas, projects in HUAs typically do not qualify for expedited processing. Yet, this project reflects a bright spot in the lengthy petition process, as Civitas was able to secure approval in just over a year, a remarkable feat considering that approvals in such scenarios typically take between 18 to 24 months.

The Santa Monica Promenade project reached completion in April 2025, with all EB-5 investments fully secured, indicating that the project is no longer open to new EB-5 investors. Jeff Kiser, Director and Head of EB-5 Investor Relations at Civitas, expressed pride in the approval, stating, “This USCIS approval demonstrates the strength of the EB-5 project. We are proud to show that investors in high-unemployment areas can achieve timely results when the project is straightforward and meets all program requirements.”

Situated at 1404 Third Street Promenade in Santa Monica, California, this mixed-use project combines high-street retail space with creative office environments. Civitas played a pivotal role in bringing this flagship project to life by providing essential financing to an accomplished local developer. The project previously secured Form I-956F approval from USCIS in August 2024, highlighting its adherence to program standards.

The Third Street Promenade is an iconic destination, welcoming over 10 million visitors each year. It stretches for three blocks and boasts a vibrant pedestrian atmosphere, featuring renowned brands such as Apple, Alo, Louis Vuitton, and Tiffany, as well as a mixture of local boutiques, movie theaters, and charming sidewalk cafés.

About Civitas Capital Group

Founded in 2009, Civitas Capital Group has emerged as a significant player in the EB-5 regional center arena, committed to delivering innovative real estate investment opportunities. The firm has engaged in over 50 real estate development projects, maintaining a flawless USCIS approval record. With a foundation based on creativity, institutional stewardship, and respect, Civitas works relentlessly on behalf of thousands of EB-5 investors and their families, unearthing opportunities that often evade the notice of others. Combining decades of underwriting expertise with adept structuring and unwavering integrity, it is no wonder that Civitas is trusted by both EB-5 investors and forward-thinking real estate professionals to deliver effective solutions, maintain disciplined execution, and demonstrate a long-term commitment to success. The firm's continued growth and persistent impact in the real estate sector can be followed on their LinkedIn page or by visiting their website civitascapital.com.