STAR TOWER
Project Overview:
Star Tower is a modern residential condominium project located in Long Island City, Queens, New York, at 27-17 42nd Road, LIC, NY. The project was completed in 2019 and fully sold out in 2022.
Project Type:
Residential Condominium + Commercial (Mixed-Use)
Developer:
Hiwin Group USA Inc.
Building Height:
26 stories
Residential Units:
182 units
Commercial Component:
Ground-floor retail (3 units)
Retail Unit Sizes:
C1: approx. 1,500 square feet (SF)
C2: approx. 1,900 square feet (SF)
C3 (food court): approx. 7,000 square feet (SF)
Gross Sales:
approximately USD 200 million
FIVE ADVANTAGES
LOW RISK
According to the economic report written by renowned American economist Michael Evans for Star Tower, the project is expected to create 671 jobs, which can indirectly support 67 EB-5 investor slots. To ensure that each investor generates at least 10 jobs, we will accept a maximum of 30 investors. This means each investor can create nearly 20 jobs, significantly exceeding the requirement of 10 jobs per investor and greatly minimizing the risk during the I-829 phase.
PRIME LOCATION
Long Island City in Queens, New York, is currently one of the most promising areas for development around New York. The project is just a five-minute drive from Manhattan's core. Several construction sites are underway in the area, and over the next few decades, there won’t be another region in New York with such strong development momentum.
SIGNIFICANT BENEFICIAL POLICY
This project is one of the few properties currently available for sale in the area, and it received the 421A 15-year tax exemption policy in 2015. This policy is no longer open for new applications, and new residential developments will not benefit from this incentive in the near future.
INVESTORS' INTERESTS ARE PROTECTED
If an investor has a conditional green card or their permanent green card application is denied, the project will refund the total investment amount along with management fees, totaling $550,000, thereby minimizing the financial risk for the investor.
SAFE & SECURE FUNDS
EB-5 funding makes up just 13% of the total investment. Before securing bank loans, the project underwent a thorough review and analysis of its economic indicators, which is quite rare among EB-5 projects. The timing of the EB-5 funding and the final number of EB-5 investors will not affect the funding process, ensuring that the project will continue, thus providing a high level of security for investors.
Citywide Public Announcement at Star Tower LIC Food Hall
On January 30, 2026, New York City Mayor Mamdani held an official press announcement at the Star Tower (one of our Regional Center projects) LIC Food Hall, announcing a more than $5 million settlement involving Uber Eats, Fantuan, and HungryPanda that addressed violations affecting nearly 50,000 food delivery workers and included the potential reinstatement of up to 10,000 wrongfully deactivated workers.
The selection of Star Tower LIC Food Hall as the venue highlights the project’s prominence as a community-oriented space capable of hosting significant citywide and governmental events.