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Planned luxury condominium offers foreign investors EB-5 option in South Florida city

Alhambra Parc clears way for visas for international buyers
Alhambra Parc, shown here as a rendering, received EB-5 status from U.S. Citizenship and Immigration Services, becoming the first project in Coral Gables, Florida, to offer buyers the option. (MG Developer)
Alhambra Parc, shown here as a rendering, received EB-5 status from U.S. Citizenship and Immigration Services, becoming the first project in Coral Gables, Florida, to offer buyers the option. (MG Developer)
CoStar News
December 4, 2025 | 10:53 P.M.

MG Developer’s Alhambra Parc, a planned condominium in South Florida, has become the first project in Coral Gables to be approved for the EB-5 program.

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