Jeff Kozero on EB5
Recent queries show continuing confusion about EB5 funding and Liberty on the River.
Liberty on the River was initially considered as a Three Streams Regional Center
project, which takes EB5 investment. Old documents, incompletely available through
FOIA requests, show initial consideration of EB5 funding.
However, based on the level of interest from equity investors and banks, K4
Philadelphia is currently not seeking EB5 investment for Liberty on the River.
Liberty on the River is a bold, dynamic, mixed use proposal for the Delaware River Waterfront, located between Washington Avenue and Reed Streets in South Philadelphia. [...]
15 major Delaware River Waterfront projects in the works 3: This major multi-phase project has been in the works for some time by developer K4 LLC and architect [...]
The first phase of Liberty on the River, a vast master planned community of 10 highrise towers fronting the Delaware River, was expected to move forward this [...]