New EB-5 Real Estate Project Launched in Vermont

Prospect Place is a mixed use redevelopment along the Connecticut River in downtown White River Junction, Vermont. Over the past two years, the development team assembled by United Construction has worked closely with the Town of Hartford, Green Mountain Economic Development Corporation, Two Rivers- Ottauquechee Planning Commission, and the State of Vermont in planning the redevelopment of the area. All agree the site provides a rare opportunity to revitalize this part of the community’s downtown by incorporating “smart growth” urban design strategies for public and private investments in infrastructural improvements and new construction. The site encompasses 6.8 acres and includes over 1400 feet of river frontage directly adjacent to the U.S. Route 4 Bridge, which connects Hartford, Vermont and West Lebanon New Hampshire. The bridge, which enjoys average daily traffi c counts of 16,000 vehicles per day, is being replaced with a new structure that will be operational in 2012. The Prospect Place master plan includes offi ce and research space, service retail stores and housing. The project is designed to be pedestrian friendly, with continuous sidewalks connecting the various building and passive recreation along the Connecticut River, open to the public.  For more information, log on http://www.prospect-place.com/eb5-program.html