MIAMI—How vital is EB-5 funding to development in Miami? China City Construction Holding Group and American Da Tang Group are leveraging the strategy to help fund construction of a $1 billion mixed-use project in the Brickell area.

The companies are turning to the financial model to back the construction of CCCC Miami Towers. A Miami-based regional center, called American Life Investments, will promote the project among EB-5 investors in China and Latin America.

"When you have a highly-regarded Chinese company investing close to $1 billion in Miami and creating nearly 9,000 jobs that is significant," attorney Roger Bernstein, who co-owns American Life Investments, the South Florida-based EB-5 regional center sponsoring the development, tells GlobeSt.com. "This EB-5 project will serve as a catalyst to attract wealthy Chinese investors to Miami for many years to come. It's a win-win for Chinese investors and the South Florida economy."