Foreign investors raise funds for high-rise condosForeign investors raise funds for high-rise condoshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=137132016-07-01T05:00:00Z2016-07-01T20:40:00Z

​​​HOUSTON - Developer Randall Davis and Roberto Contreras, president and CEO of Houston-based DC Partners, are breaking ground on the Marlowe, a downtown luxury condo tower.

The Marlowe is utilizing EB-5, a federal program that allows foreign investors to invest money in U.S. projects and create jobs in exchange for a Green Card. 

DC Partners applied and become a so-called “regional center” for EB-5 investors in Houston. 

The project also was approved for the Downtown Living Initiative, which awards tax breaks to residential developers building in downtown Houston.

The Marlowe was planned as a 20-story, 100-unit condominium tower on about 0.3 acres at 1311 Polk St., across the street from the House of Blues and a couple of blocks from the Toyota Center and Discovery Green park.

The one- and two-bedroom units average 1,200 sf.​
Houston Business Journal
Houston-The Woodlands-Sugar Land

​​See how the EB-5 Visa is shaping North Texas real estate​.

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