Buying a condo in Miami and making an EB-5 investment are different decisions. A property purchase does not, by itself, grant a green card. An EB-5 investment involves a qualifying business investment and a separate immigration process. A residential development can have both condo sales and an EB-5 offering, but the rights, documents and risks need to be reviewed separately.
The Okan Tower and The William materials illustrate why this distinction matters. Both brochures describe an $800,000 EB-5 investment, along with additional fees. That amount should not be read as the price of a particular residence or as the full cost of an immigration application.
This article compares the supplied March 2026 Okan Tower Turkish EB-5 brochure and The William English EB-5 brochure, whose issue date is not stated. Project information below is attributed to those materials. It does not establish current availability, project approval or the terms of an investment offered today.
What the two brochures say
| Item | Okan Tower | The William |
|---|---|---|
| Location described | Downtown Miami | North Miami Beach |
| Project address listed | 555 N Miami Avenue | 2040 NE 163rd Street |
| Development described | Mixed-use project with hotel, residences and offices | 26-story residential tower |
| Developer named | Okan Group | Blue Road and Ilia Development Group |
| EB-5 investment stated | $800,000 | $800,000 |
| Administrative fee stated | $70,000 | $70,000 |
| Other costs mentioned | Legal and USCIS fees | Legal and USCIS fees |
| Completion estimate in the brochure | 2027 | 2029 |
| Regional center identified in the supplied text | Not identified | Florida First Regional Center |
Completion estimates describe the brochures’ construction schedules. They are neither verified current delivery commitments nor immigration-processing or capital-repayment dates. Request a dated project update and the current offering documents before comparing the opportunities.
If you are also comparing residential purchases, explore the Miami development collection and evaluate each condo’s purchase terms separately from an EB-5 subscription. The Miami neighborhood atlas can help with a separate decision about where to live.
Investment capital is only one budget line
On the figures printed in both brochures, $800,000 in investment capital plus a $70,000 administrative fee equals $870,000 before other costs. This is arithmetic based on the supplied materials, not a current quotation or a complete budget.
Request an itemized schedule covering:
- Investment capital, the receiving entity and the timing of its deployment.
- Administrative fees and the services they cover.
- Your independent attorney’s engagement and legal fees.
- Applicable USCIS and later-stage immigration charges for the case and family members.
- Translation, document preparation, transfers and other costs that apply to your circumstances.
The Okan brochure prints a specific government filing fee. This article does not repeat it as a current amount: USCIS fees must be checked for the correct form and filing date. The official I-526E instructions direct applicants to the USCIS fee schedule. Have your attorney confirm the current total rather than relying on a brochure.
Both brochures describe a single investment payment at the petition stage. Treat that as the payment arrangement stated in those materials, not a universal rule for every EB-5 case. Your operative documents should identify the account, payment deadline, escrow terms and release conditions.
Which application and timeline apply?
The brochures refer generally to Form I-526. USCIS distinguishes Form I-526E for regional center investors from Form I-526 for standalone investors. Counsel should identify the appropriate route and verify the project documents supporting it. USCIS I-526E instructions.
Do not compress petition approval, an available immigrant visa, consular processing or adjustment of status, and permanent residence into one automatic step. Eligibility and the route available depend on the applicant. Being physically present in the United States does not itself establish eligibility to adjust status.
Another distinction concerns the later removal of conditions. USCIS’s I-829 instructions specify filing in the 90-day period immediately before the second anniversary of obtaining conditional permanent resident status. The brochures’ shorthand about filing “within two years” is not precise enough to plan that deadline. USCIS I-829 instructions.
Ask your immigration attorney to build a case-specific calendar, including eligibility for accompanying family members and the effect of children’s ages. A development’s construction schedule cannot answer those questions.
How to read repayment and denial language
Both brochures discuss the return of investment capital under project terms and describe a refund if an application is denied. Those statements need to be reconciled with the actual signed documents, including exceptions, timing, available funds and which entity is responsible. Administrative and legal fees are described in the brochures as nonrefundable following a denial.
Do not treat a projected term or a marketing statement as a guaranteed repayment. Capital can be lost. Ask what happens if construction, refinancing, a sale or another anticipated source of repayment is delayed.
The SEC and USCIS caution that EB-5 does not guarantee a visa or investment return. They also explain that regional center designation is not government endorsement of an investment’s quality. Read the joint investor alert.
Questions for the project and your independent advisers
Use the same questions for each offering so you can compare actual terms:
- What are you acquiring? Identify the legal entity, the interest offered and whether it includes any property ownership rights. Do not assume it conveys a condo deed.
- What supports immigration eligibility? Request the regional center and project identifiers, relevant filings and the job-creation analysis for counsel to review.
- Where does the money go? Trace the receiving account, escrow release, deployment into the project and the source-of-funds documentation needed from you.
- How is the development financed? Understand senior debt, other funding, security interests, repayment priority and any further financing the project needs.
- What determines an exit? Read maturity and extension provisions, repayment sources and any conditions that could keep capital invested longer than expected.
- What happens after a denial or delay? Identify the exact contractual refund provisions and which fees remain payable or nonrefundable.
- Who is compensated? Ask the parties introducing or evaluating the opportunity to explain their role, compensation and potential conflicts.
Keep the written answers with the offering documents. A brochure is useful for identifying questions; it cannot supply all the information needed for an investment decision.
Keep your housing plan separate
If you also want a home in Miami, prepare a separate purchase budget, ownership plan and intended move-in date. The home-buying guide explains the residential process, while the pre-construction guide covers development purchases.
For questions about neighborhoods and residential options, contact Elif Seda Miami. Immigration eligibility and the merits or terms of an EB-5 offering should be evaluated with independent immigration counsel and appropriately qualified investment and legal advisers.
Source note: Project facts and brochure figures were transcribed from the two supplied marketing documents. The William brochure has no stated issue date. This educational comparison is not an offer, a recommendation to invest, an immigration opinion or confirmation of either project’s current eligibility or availability.