HFZ Capital Group, a partner of U.S. Immigration Fund, made The Real Deal Magazine’s top ten list of developers in Manhattan by square footage. At the number nine spot, HFZ and U.S. Immigration Fund's project, 76 Eleventh Ave, consisting of two twisting towers, will span 764,332 square feet.   By Kathryn Brenzel | Research by Adam Pincus | February 19, 2018 [caption id="attachment_25125" align="aligncenter" width="650"] Clockwise from left: 30 Hudson Yards, Central Park Tower, Gary Barnett, Bruce Flatt, Stephen Ross and One Manhattan West[/caption] One look at the Far West Side in Manhattan, and it’s pretty clear which developers are the city’s most active. Related Companies and Brookfield Property Partners are respectively the top two most active developers in Manhattan, according to an analysis by The Real Deal. Related is working on 9 million square feet of development, most of which is at Hudson Yards, while Brookfield is handling 3.8 million square feet nearby at Manhattan West. TRD compiled a list of new buildings and major renovations filed with the city’s Department of Buildings since 2005 that have not yet been issued a temporary certificate of occupancy or, if a condo building, declared effective as of mid-January 2018. Here are the top 10 developers by square footage:   1) Related Companies | 9 million sf The largest of Related’s active projects is 30 Hudson Yards, an office tower that’s expected to rise nearly 1,300 feet high and span 3.1 million square feet. Unsurprisingly, the bulk of Related’s construction attention is focused on Hudson Yards, where five active projects will span 8.3 million square feet. Nearby, on the High Line, the developer plans to build a 181-unit condo tower. The project, at 515 West 18th Street, is slated to span 343,051 square feet. 2) Brookfield Property Partners | 3.8 million sf Brookfield’s One and Two Manhattan West office towers will respectively span 2 million square feet and 1.7 million square feet. The company’s developing a much smaller retail building nearby that will be 26,841 square feet. In a statement, the company’s chairman, Ric Clark, noted that 1.75 million square feet has been leased at One Manhattan West, meaning that it’s 84 percent occupied. 3) Extell Development | 3.44 million sf When completed, Extell’s Central Park Tower at 217 West 57th Street will be the city’s tallest residential building at 1,775 feet high. The supertall is expected to be 1.2 million square feet. Though shorter, One Manhattan Square also clocks in at around 1.2 million square feet, according to the DOB. Central Park Tower is also the most expensive condominium project in U.S. history, with a targeted sellout of $4 billion. 4) Silverstein Properties | 3.4 million sf Silverstein only has two projects under construction: 3 World Trade Center, which will span 2.8 million square feet, and 520 West 41st Street, which will be 609,945 square feet. The company is still waiting on an anchor tenant for 2 World Trade Center, a planned 2.8 million-square-foot office tower that will be designed by Bjarke Ingels. In September, the New York Post reported that Deutsche Bank was looking at the tower, as well as 50 Hudson Yards and the Time Warner Center, as a potential new location for its Manhattan headquarters. 5) Moinian Group | 2.6 million sf Moinian’s largest ongoing project is 3 Hudson Boulevard, a 53-story, 1.8 million- square-foot office tower on Manhattan’s Far West Side. The developer is trying to raise between $250 million and $350 million in EB-5 funding for the project, which is expected to cost more than $2 billion. The tower still doesn’t have an anchor tenant. 6) Tishman Speyer | 2.2 million sf The Bjarke Ingels-designed office building at 509 West 34th Street, dubbed “the Spiral,” is expected to span 2.2 million square feet. The project is the only new building that Tishman Speyer is currently working on that hasn’t yet been issued a TCO. Pfizer agreed in August to take 800,000 square feet and become the building’s anchor tenant. 7) Anbang Insurance Group | 1.63 million sf Earlier this week, the CEO of Hilton Worldwide Holdings announced that despite reports that Anbang is selling off its assets, the Waldorf Astoria isn’t one of them. The Chinese firm closed the Waldorf last year, to begin converting the storied hotel into 409 condo units. 8) General Investment & Development Cos. | 1.61 million sf GID is working on three residential projects, all of which are part of the developer’s massive Waterline Square development on the Upper West Side. The largest of the towers is Two Waterline Square at 400 West 61st Street, which will be 880, 994 square feet. 9) HFZ Capital Group | 1.5 million sf Another Bjarke Ingels-designed building is among the largest currently under construction. HFZ’s 76 Eleventh Avenue, known as the Eleventh, will feature two towers — 25 and 35 stories — that appear to be twisting away from each other, as if frozen in the middle of a dance. The project will span 764,332 square feet. 10) Chetrit Group | 1.47 million sf Chetrit is working on five buildings, the largest of which is a 380,341-square-foot residential building at 209 East 19th Street that will be part of the four-building development known as Gramercy Square. The second-largest is a condo building also planned for the development at 228 East 20th Street, which will be 375,107 square feet. The third-largest is a 46-story, hotel and residential building planned for 545 West 37th Street. That project is expected to be 373,275 square feet.  
The newly renovated Nassau Coliseum, also known as NYCB Live's Nassau Veteran's Memorial Coliseum, kicked off 2017 with some unforgettable events. The coliseum's $165 million renovation made for top performances by Billy Joel, Barbra Streisand, and Barry Manilow, to name a few. U.S. Immigration Fund is proud to be part of this successful EB-5 project.

October 5, 2017

It's been six months since a Billy Joel concert marked the official reopening of the renovated Nassau Coliseum, which got not only a $165 million face-lift, but a new name as well: NYCB Live’s Nassau Veterans Memorial Coliseum.

Joel's April 5, 2017, show, his 33rd concert in the arena, marked the first of many memorable events held so far at the revamped Coliseum. Take a look back at its greatest hits so far, with some images and information provided by NYCB Live.

Billy Joel reopens the Coliseum after renovation

It couldn't have been more fitting that Billy Joel reopened the Nassau Coliseum to a sold-out crowd on April 5, 2017, considering it was the first arena he ever played, 40 years earlier. Over the course of nearly three hours, the Piano Man rolled through songs he rarely plays anywhere else -- like "The Downeaster 'Alexa,' " about the plight of Long Island's baymen. The fact that his surprise guests boasted LI roots was the icing on the cake: Long Beach's Joan Jett came on to do "I Hate Myself for Loving You" and "I Love Rock 'n' Roll," and Stony Brook's Kevin James and his "King of Queens" TV "wife," Leah Remini, did an interpretive dance to "She's Got a Way."

Barbra Streisand returns for first LI show in 54 years
It felt like a homecoming as Barbra Streisand played her first concert on Long Island since 1963 on May 4, 2017, at the Coliseum, belting out hits including "The Way We Were," "Being Alive" and the '70s anti-war anthem "Being at War with Each Other." From the stage, Streisand joked that she'd "started to come here five years ago and I got caught in traffic on the Long Island Expressway." (Streisand is pictured here at Brooklyn's Barclays Center on Oct. 11, 2012.)

Metallica plays their only nonstadium show on tour
Metallica's sold-out show on May 17, 2017, not only marked the band's only arena stop on their summer tour, but it was the first to really rock the new Coliseum hard. "Strong Island, how do you feel?" singer-guitarist James Hetfield asked the crowd after an opening combination of "Hardwired" and "Atlas Rise" from the band's recent "Hardwired . . . to Self Destruct" album. "There is a little bit of history here," he said of LI. "We've been here a lot."

Ringling Bros. and Barnum & Bailey Circus performs last show ever
It was bittersweet for "The Greatest Show on Earth" to officially close at Nassau Coliseum after 146 years following a trio of finale performances on May 21, 2017. The grand finale show ended with a standing ovation as ringmaster Johnathan Lee Iverson brought virtually the entire Ringling troupe onto the floor: nearly 200 human and animal performers including clowns, aerialists, Cossack riders, lions, tigers and more.

Barry Manilow plays to sold-out crowd
Barry Manilow included the Coliseum as one of only three stops on a short tour to promote his new "This Is My Town: Songs of New York" album, selling out the arena with that May 25, 2017, concert. (Los Angeles and Chicago were the other destinations, and ahead of the tour, Manilow said each of the "exciting" cities was "unique and hold[s] very special memories for me.")

Eternal Con expands to Coliseum for fifth anniversary
Long Island's biggest pop culture event, Eternal Con, moved from the Cradle of Aviation to the renovated Coliseum for its fifth anniversary, July 1-2, 2017. An estimated 10,000 fans descended for the annual celebration of comic books, fantasy and sci-fi. The weekend's biggest draw of all? The original Batmobile driven by Adam West.

Boxing makes its return to Long Island
Boxing made its return to Long Island for the first match here in 31 years, on July 15, 2017, at the Nassau Coliseum in front of nearly 7,500 fans. Two Long Islanders stepped into the ring that night, though in different matches: Adam Kownacki, who lives on Long Island and trains in Bellmore, managed a fourth-round TKO of fellow Polish heavyweight Artur Szpilka, and Long Beach light heavyweight Seanie Monaghan was stopped in the second round by Staten Islander Marcus Browne.

LI's Chris Weidman wins at island's first UFC event
Former UFC middleweight champion Chris Weidman, who hails from Baldwin, survived a first-round knockdown by Kelvin Gastelum, coming back to defeat him by submission in the third round of the main event on July 22, 2017. The night marked the first-ever Ultimate Fighting Championship matches not only at the Coliseum, but on all of Long Island.

Islanders win preseason game in return to the Coliseum
The Islanders returned home to the Nassau Coliseum (before a sold-out crowd of nearly 14,000, no less), beating the Flyers in overtime during their preseason game on Sept. 17, 2017. John Tavares, who scored to overtake them 3-2, described the atmosphere as "pretty close to what we had in the playoffs. ... It was through the roof in warm-ups. The 'Let's go, Islanders' and 'Yes Yes Yes' chants were prominent. This fan base has a tremendous identity and we want to reward that."

Paul McCartney plays Coliseum with Billy Joel as surprise guest
Paul McCartney packed the best of nearly six decades of his legendary career into his "One on One" tour stop at Nassau Coliseum on Sept. 26, 2017, in which Billy Joel even joined him for part of the encore. For McCartney's first LI show in 15 years, the former Beatle, 75, amazingly rolled through almost three hours of memories with no break.

Professional basketball returns to the Coliseum
The Long Island Nets hosted a free inaugural Tip-Off Party on Oct. 1, 2017, to celebrate professional basketball's return to the Coliseum after a half-century long absence, ahead of the 2017-18 season.

By Michelle Mazzarella | January 26, 2018

Bjarke Ingels' pair of torquing towers has erupted out of the ground and are beginning to rise above their West Chelsea neighborhood. Named The Eleventh, the project is being spearheaded by Ziel Feldman's HFZ Capital Group.

[caption id="attachment_24744" align="aligncenter" width="599"] Skyline rendering of The Eleventh via Bjarke Ingels Group[/caption]

The two-building complex is sited between the High Line and Chelsea Waterside Park at 76 Eleventh Avenue between West 18th and 17th streets. The towers will share a platform on a full city block site. At the base, a separation between the buildings will create the illusion that the buildings are being pulled apart — maximizing city skyline and Hudson River views. Ruled corners create additional separation and emphasize the movement of the towers, more noticeable as they rise and reorient. Renderings also show punched window facades said to be inspired by the Meatpacking District’s historic warehouses.

[caption id="attachment_24745" align="aligncenter" width="604"] Construction progress as of late January 2018 (CityRealty)[/caption]

The Eleventh’s east tower will be home to the first American location for Six Senses Hotel and spa. It will occupy the third through tenth floors and have condos on top. The taller, 34-story west tower will be solely residential. Unique podium bridges will allow for a through-block connection between buildings. Completion is anticipated for 2019.

Last year, the DHS accelerated its rule making schedule to adopt proposed new regulations on the EB-5 regional center program in February of 2018. The new EB-5 regulations increase minimum investment amounts, centralize TEA designations at DHS and allow for certain EB-5 petitioners to retain their original priority date should they decide to re-file their EB-5 petition.

When an agency publishes a final rule, the rule is generally effective no less than thirty days after the date of publication in the Federal Register. If the rule is a “significant” or “major” rule, as defined by law, then the rule is required to have a 60-day delayed effective date. A “significant rule”, as defined by Executive Order 12866, is any regulatory action that is likely to result in a rule that may “have an annual effect on the economy of $100 million or more or adversely affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or State, local, or tribal governments or communities.”

Based on the content of the new EB-5 regulation, it is likely that there will be a 60-day grace period if the final EB-5 regulation is actually published in February before the final regulation will take effect. This grace period may provide Congress with additional time to reach consensus on future reforms to the EB-5 Regional Center Program.

January 3 | By Chidanand Rajghattal WASHINGTON: India may be looking at upwards of 500,000 of its "skilled" work force returning home from America if a proposal by the Trump administration not to extend H-1B visa of those waiting for permanent residency (Green Card) is implemented.   The Department of Homeland Security is said to be considering new regulations that would prevent H-1B visa extensions as part of President Donald Trump's "Buy American, Hire American" initiative promised during the 2016 campaign. Under current law, foreign guest workers are allowed one three-year extension of the H-1B visa of three-year validity. If at the end of those six years the guest worker has a pending Green Card (Permanent Residency) application, then there is an almost indefinite extension of the H-1B visa till such time the applicant's Green Card processing is completed. Because there is such a huge backlog of Green Card applicants, particularly for countries such as India and China, hundreds of thousands of workers from these countries spend 10-12 years in what is mirthlessly called H-1B hell or limbo. The small 'comfort' they currently have is they can remain in the US while the Green Card is being processed. The Trump administration is considering ending that concession. If an H-1B visa holder has applied for a Green Card at the end of his six-years then he or she will have to exit the United States till the processing is complete. Technically, the Trump administration is correct and well within the law to amend the rules because the H-1B was meant to address skilled worker shortage in the US, and not intended to become a route for immigration. But over the years, hundreds of thousands of skilled foreign workers, particularly Indians and Chinese have used the H-1B route to first become permanent residents (Green Card holders) and then become citizens. They include some of the most storied names in the US tech industry, including Satya Nadella and Sundar Pichai, India-born head honchos of Microsoft and Google respectively, and because they added such immense value to the US tech industry, the whole visa category has generally been looked at favorable by both the tech industry and previous administrations. However, in the run-up to the 2016 Presidential elections, nativist American tech workers who felt short-changed by the influx of foreign workers managed to convince the Trump campaign that there is no shortage of American tech workers and the H-1B inflow was part of the US tech industry's tactics to keep wages low. Although, successive administrations have fiddled with the rules to make it difficult for US companies to hire foreign workers, including hiking processing fees and minimum salaries, demand for H-1B remains unabated because the US industry says America does not produce enough STEM graduates with requisite skill sets. Changes to the current H-1B rules will affect India more than any other country. More than 50 per cent of the 85,000 H-1B visas that are currently being issued annually goes to Indian workers, which means there are an estimated 255,000 Indians with H-1B visas in the last six years alone. Tens of thousands more H-1B visa holders going back more than a decade are already awaiting Green Card processing. Of course, it is not necessary that all H-1B visa recipients are immigration aspirants or are having their Green Cards processed. Many simply go there for short term work or return after their stint. This is not the first blow dealt by the Trump administration to foreign worker inflow as part of its effort to keep US jobs for Americans. IT has already announced that it plans to roll back the H-4 EAD introduced during the Obama presidency that allowed spouses of H-1B visa holders to work in the US subject to certain conditions. It is also possible that the visa extension roll back is never implemented. It is currently at a proposal stage and there are powerful arguments against implementing it. Chief among them is that the young, foreign-born skilled workforce pays into the US tax system and enhances the country's economy. Many tech savants have warned that if the US keeps them out, then it will accrue to the benefit of their home countries; they will simply go back and start Facebooks and Ubers, something US tech mavens have warned is already happening in China.  

Milan Wagner published 04/26/2017   With his concept of utopian pragmatism, Danish architect Bjarke Ingels often combines contrasts that do not seem compatible. The first completion of BIG...

Nassau Coliseum is a U.S. Immigration Fund Project Originally posted by Newsday.com, April 28, 2016 A look inside Nassau Coliseum as renovation have begun on the arena....