West Palm Beach EB-5 development moves from review to actionable opportunity, with construction materially advanced and capital stack already committed.
The United States Citizenship and Immigration Services (USCIS) has approved the Form I-956F petition for Arte at the District, a Class A mixed-use development in West Palm Beach, Florida. The approval, granted on May 18, 2026, opens the project to Form I-526E filings by qualified international investors. Arte at the District is sponsored through EB5 Coast to Coast (Smith Central Atlantic Regional Center), managed by EB5IM, and co-developed by Beachwold Residential and Immocorp Capital. The project is structured for 40 EB-5 investors at the $800,000 TEA tier.
Project Moves to Actionable Opportunity
With Form I-956F approval now in place, Arte at the District transitions from project review to a practical, executable EB-5 opportunity. Construction has been underway since February 2024, with vertical progress visible across all buildings through 2026 site photography, and completion is scheduled for August 2026. Project progress to date has been funded through sponsor equity of $46 million, bridge financing of $32 million, and senior bank financing of $111.6 million; the $32 million EB-5 tranche is the remaining piece of a capital stack already committed by institutional partners. The project sits within a designated High-Unemployment Targeted Employment Area, qualifying for the $800,000 investment threshold.
The offering is supported by a layered set of institutional controls. Baker Tilly serves as independent third-party fund administrator, providing oversight of project fund flows for compliance and transparency. The development is also part of a government-led urban renewal initiative, with the West Palm Beweach Community Redevelopment Agency (CRA) committing up to $1 million in incentives to offset building permit and related development fees. Loan repayment terms are structured as three years, with two optional one-year extensions.
About the Project & Location
Arte at the District comprises 382 rental units, 60,722 square feet of retail space, and 612 parking spaces, positioned a five-minute drive from the West Palm Beach Central Business District and the Brightline high-speed rail station. The project is co-developed by Beachwold Residential, a 40-year-plus multifamily specialist managing more than 16,000 units across seven US states, and Immocorp Capital, an award-winning luxury mixed-use developer with more than $2 billion in completed real estate transactions, predominantly in South Florida.
An independent economic analysis projects 1,531 total jobs from the project, representing a 3.8x buffer above the EB-5 minimum requirement for 40 investors. Approximately 94% of qualifying jobs derive from construction expenditures. Based on current project expenditure, the assessment already supports job creation capacity for more than 40 investors, subject to USCIS adjudication at the I-829 stage.
The West Palm Beach submarket continues to benefit from its emergence as the “Wall Street of the South,” with more than 70 hedge funds, private equity firms, and wealth management offices having relocated to Palm Beach County from high-tax US states in recent years. Sustained domestic migration into Florida, together with the state’s tax environment, continues to underpin demand for high-quality rental product in the submarket.
“Form I-956F approval is an important milestone because it moves Arte at the District from project review to practical execution for qualified EB-5 investors,” said Nicolas Laurin, President of EB5IM. “The project combines materially advanced construction, significant sponsor equity, senior bank financing, independent fund administration, and established development sponsors. For international investors and licensed agents, this creates a clearer and more actionable EB-5 opportunity.”
He added: “Our focus is to work with serious licensed agents and qualified investors across the world who are looking for projects with visible construction progress, institutional controls, and a disciplined capital structure.”
“Construction at Arte at the District is continuing to advance materially,” said Gilbert Benhamou, CEO of Immocorp Capital. “Building A has reached shell completion, and Building B has completed its foundation work and is now progressing vertically. Given the current pace of construction and the limited height of Building B, we expect this phase to move forward quickly as the project continues toward its scheduled August 2026 completion.”
Next Steps
Licensed migration agents and qualified investors in the Middle East, India, and Asia-Pacific seeking further detail are invited to contact their regional EB5IM representative or Nicolas Laurin directly at nlaurin@eternainternational.com.
Important Notice
This announcement is for informational purposes only and does not constitute an offer to sell securities, investment advice, legal advice, immigration advice, or a solicitation in any jurisdiction where such offer or solicitation would be unlawful. Prospective investors should consult their own immigration counsel, securities counsel, tax advisers, and financial advisers before making any investment decision. Individual immigration outcomes remain subject to USCIS adjudication.
About EB5IM
Arte at the District is managed by EB5IM, an EB-5 investment management platform owned by Eterna International. Eterna International is part of Eterna Group, with roots dating back to 1928, and leads the project’s international distribution and investor relations activities through its network of licensed migration agents, professional advisers, and qualified investors across selected global markets.
