Langford Hotel- Scheduled to open December 2013.
Source:http://www.eb5hotel.com/index.php
Developer Daniel Pena-Giraldi (Stambul USA) is redeveloping the 1925 Miami National Bank building in downtown Miami into a luxury boutique hotel. The Langford Hotel is part of the EB-5 program that allows foreign nationals to invest in real estate and eventually obtain permanent US residency.
The historic luxury Boutique hotel is located in downtown Miami on 121 SE 1st Street. The Langford Hotel will have 130 rooms, 2 luxury suites and a multiple purpose room located in the mezzanine to host conferences or special events. It is scheduled to open December 2013.
EB-5 Program Info and Advantages
– Provides for conditional, two-year resident status/green card to qualifying investors and their families who invest at least $500,000 plus costs. The conditional residence may be converted to permanent after 2 years.
– No requirements regarding age, business experience or language skills.
– Does not require hands on management of the investment. Investors are free to pursue other professional or personal ventures.
– Investor does not have to be continuously present in the U.S., and can maintain business and professional relations in their own country.
– Investors do not have to live in the city or state where the EB-5 investment is located.
– No restrictions to travel outside the U.S.
– No employment authorization is required to accept employment.
– Investors may have the ability to sponsor other relatives in the future.
– Investors will have the opportunity to become a U.S. Citizen once he/she has been a permanent resident for five years.
Fore more information on the EB-5 Visa Program, please visit www.uscis.gov/eb-5-investor.
Bloom Miami has been retained as the architect and will be leading the historic preservation of this magnificent building.
According to their website:
Bloom is in the middle of restoring and designing a boutique hotel in the heart of Downtown Miami – The Langford. Formerly used by financial institutions, the 1920s building is architecturally noteworthy as a unique record of early twentieth century commercial design in Miami, one which Bloom strives to respect and enhance.”
This is a great project for Downtown Miami. I’m happy to see that developer Daniel Pena-Giraldi understands historic preservation and the value it will add to his project. Click here to see a video interview with Daniel Pena-Giraldi about this project.