#United States #Civitas Capital #Silverthorne #Fourth Street North

Civitas Capital Group Announces New Multifamily Development in Silverthorne, Colorado

Civitas Capital Group, a prominent player in real estate finance, has taken a significant step forward by filing Form I-956F with the United States Citizenship and Immigration Services (USCIS). This move is crucial for making their latest EB-5 investment opportunity, the Fourth Street North Apartments, available to potential investors.

The Fourth Street North Apartments Project

Located in the heart of downtown Silverthorne, Colorado, the Fourth Street North Apartments project is designed to provide high-quality multifamily housing that reflects the region's charm. The development will consist of 72 market-rate residential units spread across four distinct buildings, offering over 70,000 square feet of living space alongside more than 10,000 square feet of ground-floor retail space.

What sets this project apart is its designation as a Rural Targeted Employment Area (TEA), which allows EB-5 investors to take part in the project with a reduced investment threshold of $800,000, compared to the standard $1.05 million. Additionally, the rural TEA classification provides faster processing for investors' I-526E petitions and attractive access to a portion of EB-5 visas reserved specifically for rural initiatives. This designation is expected to expedite immigration timelines for investors and mitigate challenges associated with visa retrogression.

Jeff Kiser, Director and Head of EB-5 Investor Relations at Civitas, expressed enthusiasm about the project: "This initiative has sparked tremendous interest among our investor community. We are thrilled to reach this milestone and open the opportunity for investors to kickstart their EB-5 journey."

Project Timeline and Development Details

Construction for the Fourth Street North Apartments is slated to commence immediately, with the inaugural leases anticipated to be available in 2027. The architectural vision for the project showcases contemporary mountain-style designs that elegantly incorporate stone and wood elements, creating a harmonious aesthetic that complements the surrounding landscape.

Located near essential civic and cultural sites, including the Silverthorne Performing Arts Center, the development aims to revitalize the downtown area and act as a crucial connector within Silverthorne’s broader urban master plan. By attracting both residents and businesses, Fourth Street North is positioned to enhance community engagement and economic vitality.

Summit County, renowned for its breathtaking natural scenery, including pristine alpine lakes and picturesque aspen groves, is just a short drive (approximately 70 miles) from Denver. The area boasts easy access to the White River National Forest and 11 ski resorts, making it an attractive location for both homeowners and tourists alike.

Civitas Capital Group: A Commitment to Responsible Development

Founded in 2009, Civitas Capital Group has become a trusted partner for real estate investors, managing over $3 billion in equity and debt transactions throughout the United States. The firm is committed to a set of guiding principles that emphasize integrity, creative problem-solving, and robust stewardship. By aligning their projects with community needs and sustainable practices, Civitas continues to pave the way for innovative financing solutions in real estate development.

For more information on this promising development and opportunities to invest, please visit civitascapital.com.

As the market for multifamily housing continues to grow, the Fourth Street North Apartments project embodies the potential for investments that are not only financially rewarding but also socially beneficial, contributing to the revitalization and sustainability of the beautiful Silverthorne area.