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EB-5 Project CategoryRural • Priority • Regional Center -
Project DeveloperVision, Inc. -
Regional CenterSmith Great Lakes Regional Center, LLC -
NCE Management TeamSol Pacific-affiliated leadership & EB5 Lending Alliance
North Shore Flats Apartments Project:
About North Shore Flats Apartments Project
North Shore Flats Apartments is a planned 83-unit, three-story workforce housing community in Two Harbors, Minnesota, near the scenic shoreline of Lake Superior.
Located in a Rural Targeted Employment Area (TEA), the project qualifies for the $800,000 EB-5 investment threshold and priority processing.
Construction is expected to commence in Q4 2026, with estimated completion in March 2028
- Subscription Amount$800,000
- Total EB5 Investorsup to 13
- Total Estimated Jobs169
- Jobs per Investor13.0
- Rural TEA✓
- Priority Processing✓
- EB-5 Loan StructureSenior Loan
- Total project cost:~$18.26 Million
- EB-5 raise:Up to $10.4 Million
Project Overview
Development Highlights
- 83 residential units
- Three-story residential building
- Site size ~5.03 acres
- Studio, 1-BR & 2-BR apartments
- Heated indoor parking garage
- Fitness center & community room
- Private balconies & modern finishes
- Energy-efficient appliances & in-unit laundry
- Professional property management
North Shore Flats Apartments is located in Two Harbors, Minnesota, along Minnesota’s scenic North Shore of Lake Superior.
Two Harbors offers convenient access to Highway 61, regional employers, outdoor recreation, and essential community services. Supported by manufacturing, healthcare, tourism, and hospitality industries, the area faces a shortage of modern rental housing. North Shore Flats aims to address this demand by delivering 83 contemporary apartments designed for local professionals, families, and workforce residents
KEY LOCATION
Two Harbors, Minnesota, on the North Shore of Lake Superior. Map data © OpenStreetMap contributors
Highlights & Amenities
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Resident community room -
Fitness center -
Indoor parking -
Outdoor gathering spaces -
Modern finishes -
Professional management
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Disclaimer: This website is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities or any interest in any specific project. Nothing contained herein constitutes or should be construed as accounting, tax, legal, investment, or immigration advice. Prospective investors and other interested parties should consult their own qualified professional advisors regarding any potential investment, transaction, strategy, or immigration-related matters. Any investment decision should be made solely on the basis of the applicable definitive documentation and independent professional advice. Actual outcomes may differ materially. Past performance and project approvals do not guarantee future success. EB-5 investments involve risk, including potential loss of principal, and neither capital repayment nor immigration benefits are guaranteed. Investors should review the official offering documents and consult independent professional advisors before investing.
