USCIS status
The brochure states that Form I-956F has been approved and reports initial I-526E and concurrently filed I-485 approvals.
Current Offering · Pier Village Phase V
Wave Spa Condos
Long Branch, New Jersey
TEAI-956F ApprovedI-526E Approval Reported
The project
Beachfront living at the final phase of Pier Village.
Wave Spa Condos is a 46-unit beachfront development at 176 Ocean Avenue North in Long Branch, New Jersey. Developed by Kushner Companies, it is the fifth and final phase of the Pier Village community.
The residences are designed with Atlantic Ocean views and access to amenities including an ocean-facing pool, private beach access, landscaped decks and the adjacent Wave Resort and Pier Village offerings.
LocationLong Branch, New Jersey
Development46 beachfront condos
USCIS filingI-956F Approved
Investor approvalsI-526E & I-485 approvals reported
DeveloperKushner Companies
EB-5 raise$32M
Pier Village
A final oceanfront phase.
The current brochure positions Wave as an extension of the established Pier Village community, with access to its dining, retail and entertainment environment and proximity to New York City.
46Condominiums
748+Expected jobs
$134MApprox. total cost
Capital stack
$134.068M
Total project capitalization stated in the current brochure.
Senior loan$77.9M
EB-5 mezzanine loan$32M
Developer equity$24.1M
Job creation
The brochure projects more than 748 jobs for 40 EB-5 investors, providing a stated buffer above program requirements.
Developer
Kushner Companies is identified as developer of Wave and the broader Pier Village community.
Interested in Wave Spa Condos?
Request the current offering materials.
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Request offering materialsFor informational purposes only. Not an offer to sell or solicitation to buy securities. Offering documents control.