We are thrilled to introduce Hutchinson Island Apartments (JF38), our newest EB-5 project, nestled on the scenic Hutchinson Island in Savannah, Georgia. JF38 includes 288 rental apartments across six residential buildings with 462 total parking spaces. The project is situated across the Savannah River from historic downtown Savannah, in an area that has experienced rapid population and economic growth in recent years. This thriving location presents a host of exciting opportunities for residents, with easy access to the vibrant culture, historic charm, and diverse amenities of Downtown Savannah. The development is strategically positioned adjacent to the prestigious Westin Savannah Golf Resort and Spa, adding to the allure of the community. Additionally, the nearby Savannah Convention Center provides convenient access to business and entertainment events.
JF38 will be led by the reputable developer Daniel Corporation, founded in 1964 and based in Birmingham, Alabama. With $1.2 billion in active project investments, primarily through development and management platforms, Daniel Corporation has an impressive track record, having developed or managed over 20,000 multifamily units and over 20 million square feet of commercial and industrial space. Construction recently broke ground, and the expected delivery of the first units in early 2025 demonstrates the commitment to timely execution and offers a clear timeline for completion.