(The Real Deal) Investors Mario and Ramon Castellanos just scored $5.5
million in EB-5 funding to build a charter school in south Miami-Dade, property
records show. The Miami-based investors paid $469,000 for the 3-acre
property at 12400 Hainlin Mill Drive in March. Records show the charter school
chain AcadeMir, managed by Superior Charter Schools Services, will be leasing
the property. The charter school manager has at least four other schools
operating under the AcadeMir name in Miami, according to its website.
The lender, EB-5 Charter School Phase 37 LP, is an affiliate
of the Jupiter-based EB-5 investment facilitator, GreenAccess. A representative
of GreenAccess was not immediately available to comment. The planned K-8 charter school will accommodate up to 650
students, according to GreenAccess’ website. The school is slated to open in
August, in time for the new school year. It sits just south of 216th Street on
the west side of South Dixie Highway, near Southland Mall.
The lender has also worked with MG3 Development Group to build a 153,000-square-foot
charter school near Delray Beach. Under the EB-5 program, foreign investors (as
well as their immediate family members) can invest $500,000 in a job-producing
project in exchange for an immigration visa. The U.S. government only issues
about 10,000 new EB-5 visas per year.