550 Vanderbilt is a popular destination for Chinese money – if not for Chinese buyers themselves

When sales at 550 Vanderbilt finally launched in June 2015, developer Greenland Forest City Partners went above and beyond to woo Chinese buyers to the first condominium building in the Pacific Park megadevelopment. Greenland USA, which owns a 70 percent stake in the long-delayed 278-unit project with minority partner Forest City New York, opened a sales office in Shanghai. It also created a flashy website offered in both English and Chinese. And the strategy appears […]

Source: Real Estate

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