The Real Deal New York

From Flushing to flush: The rise of Kuafu

How the Chinese developer went from obscurity to the big leagues seemingly overnight

December 14, 2015 09:00AM
By Rich Bockmann


Kuafu founders Shang Dai, left, and Zengliang “Denis” Shan

From the December issueBefore Kuafu Properties went on a $700 million-plus Manhattan spending spree, the Chinese development firm introduced itself last year with a routine press release.

The little-known U.S.-based company, which is headquartered in Times Square, announced plans with Siras Development to build a 47-story, mixed-use tower on the Far West Side topped off by a restaurant targeted at an international clientele, dubbed the “Shanghai Club.” [more]