NEW YORK (Reuters) – Moinian Group on Friday broke ground on a 53-story tower in the burgeoning Hudson Yards district that is rapidly changing New York’s skyline in a more than $2 billion project the developer hopes to help finance through the EB-5 visa program.
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Moinian is seeking $250 million to $500 million in investment through the EB-5 program that provides immigrants with permanent U.S. residency in exchange for a minimum investment of generally $1 million, Moinian said at a ground-breaking ceremony.
