The second phase of the huge Marriott project next to the Walter E. Washington Convention Center has received more than $40M in financing, raising the funds from 81 foreign investors, via EB5 Capital, for developers Quadrangle Development Corp and Capstone Development. EB5 Capital raised the funds through the EB-5 Immigrant Investor Program. The project, known as Columbia Place, will bring two new hotels to the area across from the convention center, the final two pieces of a three-hotel Marriott development. The first phase included the four-star, controversial Marriott Marquis, which is connected to the Convention Center via an underground tunnel, that opened back in 2014. EB5 Capital provided $5M in equity financing for that leg of the development as well.