Published On: Thu, May 11th, 2017

Who Is Nicole Meyer, Jared Kushner’s Sister?

Jersey City project is seeking a bank loan of about $525 million, in addition to roughly $150 million from Chinese EB-5 investors, according to Bloomberg.

 

Nicole Kushner Meyer, the younger sister to White House senior adviser Jared Kushner flew to Beijing, a week ago, to promote Jersey City project, under her family firm, Kushner Companies, development.   

The 1,467-apartment luxury tower which estimated the cost at $400 million in November 2015, pitched in China, at $1 billion to more than 100 potential investors at Beijing’s Ritz-Carlton hotel.

Jersey City project, known as both“Kushner1,” and “One Journal Square” is seeking a bank loan of about $525 million, in addition to roughly $150 million from Chinese EB-5 investors, according to Bloomberg.

Nicole Kushner Meyer pointed the usefulness of the EB-5 visa program which gratuity citizenship to foreign investors who invest over $500,000 or more into American projects.

The Real Deal reported: “She stood before slides that sported phrases like “founded by celebrity developers,” “government-sponsored” and “key decision makers.” At one point,” The real estate magazine sais, “a photo of U.S. President Donald Trump, a father-in-law to Jared, was displayed in the frame, just below the characters EB-5.”

“[It] means a lot to my entire family and me,” Nicole said of the Jersey City project, which is in jeopardy of losing a necessary tax abatement and a major business partner in WeWork. [continu reading in The Real Deal]

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