Make way for Chinese developers

Miami /
Nov.November 17, 2014 01:30 PM

Get ready for a wave of Chinese development in the Miami market. That was the message Friday during a panel discussion at the Urban Land Institute’s Miami Condo Market Symposium.

Ning Yuan, chief executive of China Construction America, told the panel that “many Chinese developers are studying the market,” including his company and the state-backed Greenland Group, China’s second-largest property developer, according to an article in the Daily Business Review.

This summer, Greenland said it was looking to double its overseas investment in the next two or three years and has partnered with developer Forest City Ratner in New York City.

China Construction captured a piece of the Miami market with its April acquisition of Plaza Construction, a New York general contractor for large South Florida projects, including Icon Bay, Paraiso Bay and Biscayne Beach in Miami’s Edgewater neighborhood. [Daily Business Review] – Jennifer White Karp


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