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CCWO

M A G A Z I N E A sincere thank you to our investors from everyone at City Center West Orange for their continued support and trust in our revolutionary project. The realization of our vision to build a new destination for West Orange County would not be possible without you. 2019 will be a great year filled with construction activity! 2 0 1 8

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Modern, chic finishes from Delta Faucet, GE Appliances, Interceramic, Cleo by Congoleum, Emser Tile, and Grabill Cabinets

Central Florida’s newest Destination: At the Intersection of Luxury & Convenience. Phase 1 Condominiums Now on Sale!


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Eat. Shop. Work. Play. All within our beautiful City Center with luxurious condominiums, delicious restaurants, modern office space, and fun shops.

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Feel like you’re always on vacation with our Resort-Style amenities, including: • Fitness Room • Rooftop Pool • Club Room • Controlled Entry • Electric Car Charging


CCWO EB-5 UPDATE Out of City Center West Orange’s 200 EB-5 Visas, 71 investors are signed onto the project, to-date 26 temporary Green Cards have been issued. Now is the time to invest in City Center West Orange as we only have 129 EB-5 Visas left, and Phase I is well underway. Also, please keep in mind that it is a priority of the U.S. Legislature to make changes to the EB-5 Visa Program. These changes, including an increase in the minimum investment amount, are scheduled to take effect during the next Congressional fiscal year starting October 1st. Become part of the City Center family and an American Resident today!

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Available Visas

200

Remaining Visas

129

Temporary Green Cards Issued

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MAKE THE U.S.A. YOUR HOME INTERESTED IN BECOMING AN AMERICAN CITIZEN? The United States Citizenship & Immigration Services’ Immigrant Investor Program (EB5) grants green cards to qualifying foreign nationals, and their immediate families, who make a qualifying investment. Qualifying investments in a USCIS approved regional center removes a risk variable from the EB-5 process because they have already been reviewed by the USCIS and approved for EB-5 inves‍‍‍tments, so denial of the visa only occurs if the funds cannot be verified as being from a legal source or if the applicant is a criminal or terrorist. EB-5 visas give families the opportunity to live in the USA and apply for citizenship after holding a Green Card for only five (5) years. Invest now in City Center

West Orange as visa quantities are limited.

URGENCY REMINDER American Lawyers International recommends submitting all EB-5 application materials and payments as soon as possible for the best chance to file and process your immigration paperwork. File your application immediately before the minimum investment amount increases as expected.

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CCWO CONSTRUC UPDATES CONSTRUCTION UPDATE The last quarter of 2018 saw CCWO’s engineering and construction team working diligently on the foundation design for the CJ building. We are done with the 30%, 60%, and 90% construction plans. The 100% construction plan will be submitted to the City for approval on February 1 st. Once we finance the Community Developemnt District (CDD) issued bonds through Morgan Stanley and finalize permits, construction will resume in the following phases starting April 2019: • • • •

Foundation Garage Shell Interior

CCWO’s chosen IT partner, Hotwire, will provide Fiber and Gigabit internet service to the entire property. They are working closely with our engineers and architects. In November, ground clearing began again on three (3) new lots in preparation for the start of construction in 2019. We finalized most of the ground clearing needed, with

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the exception of the lot where CCWO’s office building will be built. That is scheduled to finish during the 1st quarter of 2019; in the meantime, we have partnered with the City to design and create a linear park off of Maine Street and Bluford. There are still a few roadways, such as the connection to Blackwood and the lake road, that need to be built and finalized. The completed design for the road connecting the roundabout to the property behind the RaceTrac gas station is due by the end of January 2019. CCWO’s chief engineer expects a road contractor to be ready to go by March 2019. Lastly, the City approved the use of an 8-foot fence surrounding the construction site (roughly 1600 feet) for safety. It will provide increased exposure for CCWO and help with the sales and leasing of 29 Palms condominiums and available commercial space. The end of 2018 set CCWO up for quite an exciting start to 2019, so stay tuned for more construction updates!

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CTION COMMUNITY DEVELOPMENT DISTRICT (CDD) Our bond issuance was approved! The CCWO Finance team worked tirelessly during the last quarter of 2018 to push forward the CDD bond issuance. From conducting appraisals and feasibility studies on Phase 1 construction, to working closely with Morgan Stanley and other consultants on the CDD Engineers report, Master Methodology and supplemental methodology in time for the October 22 nd bond validation hearing. The judge confirmed the bond validation, so we published it for the required 45-day period and held a public hearing. No objections were made to the imposition of assessments on the landowners, so the Orange County Circuit Court issued a Certificate of No Objection for a CDD bond issuance of up to $140 million. Based on the appraisals and engineering report, the CDD team drafted an offering memorandum for the Phase 1 bond issue of approximately $40 million, which the CDD board reviewed and approved on December 20 th, allowing the offering to be published to interested investors for bond issuance. The approved $40 million bond issue will provide approximately $30 million for Phase 1’s foundation, remaining road work, and parking garage.

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DESIGN & SALES CENTER


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As the Vice President of Design Development, Deanna oversees the daily operations of our Sales Center, along with the interior design plans for City Center West Orange and 29 Palms at City Center.

Last year, CCWO remodeled our 29 Palms Sales Center, and partnered with Coldwell Banker as our realtor for the Phase 1 condos. NOW OPEN! We designed, printed, and installed directional signage around the property in order to attract and direct potential buyers. We completed a new lifestyle video for 29 Palms at City Center. And, we installed additional landscaping and beautification leading up to the Sales Center entryway. The design team also created flooring, kitchen, and plumbing fixture displays in the Sales Center, featuring various samples of standard and upgrade materials. The featured brands consist of Delta Faucets, GE Appliances, Interceramic, Cleo by Congoleum, Esmer Tiler, and Grabill Kitchen Cabinets.


INDIA EB-5 OFFICE OPENS! The last quarter of the year resulted in the opening of an EB-5 office in India to help attract more investors for the City Center West Orange project.

Vinay Chauhan (Executive Manager), Dhara Bodiwala (Sales & Marketing Specialist), & Parin Shah (Sales Representative) partnered with one of our most prolific finders, Meit Shah, pictured below.

FLORIDA BAR ASSOCIATION IN DELHI WITH THE INDIA NATIONAL BAR ASSOCIATION Our EB-5 lawyers and finders were invited to attend the event.


EVENTS & HAPPENINGS

HARBOR HOUSE CHRISTMAS In light of the Christmas spirit, the team at CCWO adopted a family currently living at the Harbor House shelter with two daughters - 8 and 11 year old. We filled their boxes to the brim with much need clothing, shoes, and Christmas presents from Santa. We love our community and are very thankful for our good fortune. It was an immense pleasure to help a family in need and bring smiles to the faces of the little girls and their mother.

THANKSGIVING BASKET BRIGADE CCWO and its employees decided to make a positive impact on their community by partnering with the Basket Brigade. Thanks to the donations by many of our employees and neighbors, City Center West Orange delivered much needed baskets to four (4) Ocoee families.

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ORLANDO N E W S

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R A N K I N G S

”No. 1 Place To Celebrate Christmas” -WalletHub “No. 1 Most Visited Destination In The World” -Orlando EDC “No. 1 Best City For Recreation” -WalletHub “No. 1 Best Place For A Staycation” -WalletHub “No. 2 Best Place To Visit In Summer” -WalletHub “No. 2 Most Fun City In America” -WalletHub “No. 6 Best Food Cities In America” -WalletHub “No. 7 Best-Performing City By The Milken Institute” -Orlando EDC “No. 7 Best State For Business” -Forbes “Florida’s GDP hits $1 trillion mark: As a country, it’d rank 17 th in the world” -Orlando Sentinel

“Orlando ranked No. 1 Metro with the Most STEM Job Growth” -Forbes “Orlando No. 6 among Forbes’ 15 Best Big Cities for Jobs in 2018.” -Forbes “Through continuous innovation and development, Orlando has secured its place as the ‘Theme Park Capital of the World,’ but the impact of Orlando’s tourism industry doesn’t stop there.” -Orlando EDC “Florida ranks among best states to start a business. The startup community is thriving in Central Florida...” -WalletHub

“72 million tourists visited Orlando in 2017, a record number” -Orlando Sentinel

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FOR MORE R 407.615. C C W O

M A G A Z I N E


Be part of the dynamic City Center West Orange with 5,000 residents in walking distance!

RETAIL INFORMATION, CALL DAVID TOWNSEND: .0410 OR DAVIDTOWNSENDCEO@CCWO.US


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Profile for CCWO

2018 Q4 CCWO Newsletter (Public)  

2018 Q4 CCWO Newsletter (Public)  

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