MIRAMAR, FL—Riviera Point Development Group reports it has completed the first multi-tenant office building in Broward County that was fully funded by EB-5 investment.

Rivera Point Development Group CEO Rodrigo Azpurua says the Professional Center at Riviera Point's first 32,000-square-foot lakefront building has leasing commitments from more than 20 professional and entrepreneurial firms.

Broward County Mayor Barbara Sharief at a recent building opening event stated, “While many have talked about the potential for EB-5 foreign investment to create commercial spaces that attract new jobs in our communities, the Riviera Point team's expertise and determination made that vision a reality. We applaud their progress and the fresh momentum this center's tenants will add to the local economy.”

“Bringing the Miramar market its first new Class A office development since 2009 has proved a powerful draw,” Azpurua says, noting that a total of $17 million in EB-5 funding is in place for the two-building Professional Center at Riviera Point office complex.

Riviera Point Development Group has purchased properties for additional planned EB-5-funded developments within Targeted Employment Areas in Miramar and Doral, Azpurua says.

Instant Insights /

First EB-5 Funded Multi-Tenant Building in Broward County Completed

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