Brooklyn Basin of Oakland Phase 2
TEA EB-5 Project approved by USCIS
Only 15 minutes from downtown San Francisco, Brooklyn Basin is a new waterfront neighborhood in Oakland, CA surrounded by open space and stunning views of San Francisco Bay and the East Bay hills. In addition to a vast network of parks, an inspired blend of cultural, commercial, and recreational activities enhance Brooklyn Basin’s appeal as a Bay Area destination. Brooklyn Basin is a phased, master-planned development comprised of 12 development parcels and additional right-of-way and open space parcels totaling approximately 64 acres of waterfront property bounded by Embarcadero Road and the Oakland Estuary. Upon completion, Brooklyn Basin encompassed 3,100 residential units, 200,000 square feet of ground floor retail and commercial space, 32 acres of waterfront parks, 1.4 miles of trail, and a new marina.
The EB-5 Project consists of multifamily developments on parcel G (“Project G”) and parcel H (“Project H”) within the Brooklyn Basin community. The Project represents Signature Development Group’s second and third multifamily developments in Brooklyn Basin following the Orion which included 241 apartment units and was completed in August 2019.
Project G
- Vertical construction of a 7-story multifamily development on parcel G in the Brooklyn Basin Master Planned Community.
- +/- 2.67-acre parcel
- Groundbreaking in Q1 2021
- 371 fully approved multifamily rental units
- Approximately 31,500 square feet of retail
- Approximately 11,000 square feet of amenities
- 411 parking stalls
- Construction period from Q1 2021 to Q3 2023 (30+ Months)
Project H
- Vertical construction of a multifamily development on parcel H in the Brooklyn Basin Master Planned Community.
- +/- 2.14-acre parcel
- 234 multifamily units
- Approximately 16,500 square feet of retail
- Approximately 14,000 square feet of amenities
- 335 surface parking spaces
- Construction period from Q4 2024 to Q1 2027 (28+ Months)
The EB-5 Program Highlights
Minimum Investment Amount:
$800,000
EB-5 Investment Amount:
$120.8M (151 investors)
Total Investment Amount:
$494M
Projected Total Job Creation:
4,138 (Required: 1,510 / 270%+ cushion)
Mezzanine Debt Term - Project H:
Currently 3-Year Loan Term with Two 1-Year Extensions (3+1+1)
Project H Project Status:
Under construction
Project Advantages
Exemplar Approval
Previous I-526 exemplar approval of horizontal infrastructure in Brooklyn Basin project.
Cushion
Over 300 jobs have already been created for Project G. Total EB-5 project job creation will have a 270%+ cushion.
TEA
Brooklyn Basin is located within a TEA and Qualified Opportunity Zone.
I-526 Denial Repayment
Loan repayment guarantee by Signature Development Group in the event of an I-526 petition denial
Secured Loan Structure
Construction completion guaranty and low risk EB-5 mezzanine loan financing.
Redeployment
USCIS compliant redeployment plan includes the option to redeploy EB-5 funds to finance the Project H phase.
Regional Center Success
This is the 13th EB-5 fund and second Brooklyn Basin project offered by Golden Gate Global and follows our successful initial fundraise.
Government Support
Brooklyn Basin is the largest approved mixed-use development in Oakland with strong public support by the local government.
*Investment amount may change based on USCIS guidelines or passage of an EB-5 Bill in the Congress.
Project is Under Construction
The Brooklyn Basin of Oakland Phase 2 continues to make steady progress, with construction advancing on Project H. Major site preparation activities, structural work, and utility installations are underway. Horizontal construction, which began in Q4 2024, is now nearing completion, while vertical construction, initiated in Q4 2025, is currently in an active phase.
The building under Project G received its certificate of occupancy in October 2023. Leasing activities have been underway since Q4 2023, and the property is currently 83% leased.
Begin Your Journey
Take the first step toward securing U.S. permanent residency. Our EB-5 professionals provide confidential, no-obligation consultations to help you understand the EB-5 program, evaluate your eligibility, and explore whether it is the right fit for your family’s immigration and investment goals.