Work on new apartments at the Market Centre at First and Market will get underway this fall.
It may not look like much has happened in the two years since a Virginia partnership announced it was converting the Market Centre to apartments, but a lot has happened behind the scenes.
“We kind of slowly but surely pushed this forward,” says attorney Paul Ruby. He adds, “This is a little slower than we would have preferred.”
He, Robert Lubin and David Roos are partners in the Washington, D.C.-based American Investor Immigration Funds. That’s the umbrella company for KCHH, a partnership that includes eight foreign investors who are participating through the national EB-5 program. The program grants foreign investors U.S. residency in exchange for creating jobs. Ruby, Lubin and Roos are members of Red Leaf Development, the general partner in the apartment project with KCHH.
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