Monday, December 17, 2018 4:03 AM

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UAE developer Sternon Group builds US$150 million project is Florida to facilitate EB-5 US immigration visas


Sternon Worldwide LLC, the international real estate development arm of Dubai-based developer Sternon Group, will start developing the US$150 million Fortune Star project close to the Disney World in Orlando, Florida.

Designed by the renowned architects, Ray Scott and Matt Cormia, Fortune Star is a massive development of three towers that will deliver 550 luxury apartments in three phases at Kissimmee, near Disney World.

The first phase of the project will see the development of 250 apartments, 80 of which have already been sold to 40 investors under the EB-5 investor immigration programme that allows investors to obtain permanent US residency and a Green Card, on the condition of a minimum investment of US$500,000 that creates at least 10 jobs in the United States.

“We have already sold 80 apartments to 40 investors under the EB-5 Investor Immigration programme while the balance 170 apartments have been kept aside for leasing purpose,” Hussaini F. Nalwala, Managing Director of Sternon Group.

“The land for the development of the project has been acquired, following which all the permits have been obtained and we expect the main construction activities to start in April. We expect to deliver the project in two and a half years’ time.

“Located just a few minutes away from Disney World in Kissimmee, Florida, Fortune Star offers a plush lifestyle with comfortable living. Surrounded by a number of important establishments in the area, Fortune Star defines itself as a part of the tourist destination and is the heart of a bustling community.

“One wakes up to an unforgettable picturesque view of the waterfront and Disney attractions which makes Fortune Star a cut above the rest. With its great location and extensive facilities, Fortune Star proves to be a great investment in the real estate industry which can yield high returns over the years.”

Being developed in three phases, each building is carefully planned to accommodate the needs of distinct personalities and modern day families. Every phase is unique and offers a healthy space with contemporary living solutions.

Being developed in 3 phases, each building is carefully planned to accommodate the needs of distinct personalities and modern day families. Every phase is unique and offers a healthy space with contemporary living solutions.

The 1st phase of the development is a 11 storey building overlooking the Magic Kingdom of Disney World. With a stunning view of the outdoors, one is bound to live in serenity and relaxation. The 1st Phase comprises of two level shopping area, 3 storey parking space and 7 floors of 1- and 2-bedroom apartments.

The 2nd phase of the development is an 18 storey building encircling aesthetic landscapes and alluring gardens. Every sight is easy on the eye and every breath is of fresh air. The 2nd Phase comprises of commercial space at ground and first floor, 4 storey parking space and 13 floors of apartments.

The 3rd phase of the development is a 20 storey building with a stunning view of the attractions and sceneries which includes six-level parking space and 15-level residences.

All apartments are created with excellence and provide deluxe amenities to its residents, including breath-taking lake views, built-in home appliances such as: microwaves, dishwasher/disposal, cable and internet, digital thermostat, full-size washer and dryer, intrusion alarms, oversized walk-in closets and home-office alcoves, private terraces and walk-in showers.