CHINESE DEVELOPERS SET FOUNDATIONWritten by Michael Comandini. Photos by Jason Jaskot
Also in Brooklyn is the new full-block condo project, The Oosten. Located in South Williamsburg, the Oosten offers 216 homes from the Xin Development Group, a major Chinese developer. The Oosten is Xin’s first project in the US, which they took on without help from other developers.
In Manhattan, China Vanke, China’s largest residential developer, is working with Aby Rosen to take on it’s first New York venture with 610 Lexington Ave. This 65-story condominium-and-hotel tower is located in Midtown, the premier neighborhood for Chinese buyers and investors, close to 5th Ave, Times Square, and Central Park, all attractions that make NYC special.
A stable economy and large potential growth on investments paired with high demand for new development make NYC an ideal playground for China-based investors. New York is truly an international city, and with the influx of new developments from companies around the world there is no sign of slowing down anytime soon.
Michael Comandini is a a licensed real estate broker with Douglas Elliman in NYC; Michael.firstname.lastname@example.org.