Florida Construction News staff writer
Golden Gate Global has launched an EB-5 investment offering to help finance a large mixed-use development planned for downtown Orlando, adjacent to the Kia Center in the city’s sports and entertainment district.
The project, known as Westcourt Downtown Orlando, is planned for about 8.4 acres and will include a 265-room Kimpton hotel, 269 multifamily residential units and a seven-story parking garage with 1,145 spaces.
Construction is expected to begin in the first quarter of 2026 and conclude in the fourth quarter of 2028, creating more than 5,000 jobs.
The EB-5 program allows foreign investors to seek U.S. permanent residency by investing in projects that create jobs for U.S. workers.
The hotel will operate under the Kimpton brand, part of IHG Hotels & Resorts. The site is located near several major venues, including the Kia Center, Inter&Co Stadium, Camping World Stadium and the Dr. Phillips Center for the Performing Arts.
“Westcourt Downtown Orlando represents the type of high-impact development that EB-5 investors look for,” said Mark Jorgensen, co-chief executive officer of Golden Gate Global, citing local government support and tax incentives for the project.
The development team includes JMA Ventures and Mohari Hospitality, along with Machete Group and SED Development, an entity wholly owned by the DeVos family, owners of the Orlando Magic.
Members of the development group have worked on sports and mixed-use projects across the United States, including Barclays Center in Brooklyn, Golden 1 Center in Sacramento, Chase Center and Thrive City in San Francisco, and TQL Stadium in Cincinnati.
Golden Gate Global said the EB-5 investment is structured as a senior secured loan with a three-year term and two optional one-year extensions.
