Ritzcoin Technologies Inc (Ritzcoin) in partnership with Europa Village broke ground on the first ever real estate investment project using Cryptocurrency. The partnership comes as part of a larger Ritzcoin’s initiative to fully integrate Cryptocurrency into the mainstay of the global financial system.
Europa Village is a 45 acres luxury destination resort located at Temecula Wine Country, California. This first-of-a-kind attraction will encompass more than 188,000 square feet of building space which will include indoor and outdoor event and banquet facilities, two restaurants, 60 luxurious hotel rooms plus a 10-room country inn, European spa, three wineries, and numerous retail shops and boutiques.
Europa Village is fully approved by the County of Riverside to build a major destination resort. One grand boulevard will link the villages, each featuring a boutique winery representing the lifestyle and elegance of a particular region of France, Spain, and Italy. Grading and construction for infrastructure are scheduled for November 2015 and then we will be working on the building construction around mid-summer in 2016. The soft opening of the project is scheduled for late 2017.
The project is a qualified EB-5 investment program, which allows overseas investors to invest and immigrate to the U.S. under the EB-5 classification. The EB-5 (Employment Based Fifth Preference) immigration investment program was established in 1990, with the goal of attracting overseas investors to invest and create employment opportunities in the United States.
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