X


NAME


EMAIL


SUGGESTED
UPDATE


[wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Kuafu Properties

1500 Broadway, Suite 2202
New York, NY 10036
(212) 938-0086
Website
[email protected]

Kuafu Properties is a privately held real estate development and investment company. Co-founded in 2013 by Zengliang Shan and Shang Dai, the firm markets itself as a bridge between Asian investors abroad and the U.S. real estate market. The firm was born out of the Hudson Yards development, where Kuafu had a hand in building the Hudson Rise hotel and condominium. The Hudson Yards project proved to be a bit troublesome for Kuafu, as it became deadlocked in a lawsuit with partner Siras Development over the plans and their respective roles in the tower. At the time Kuafu was dubbed by some publications as a mystery developer, but in the years since it has built up and down Manhattan, including East 86th Street and a mixed-use building at 1289 Lexington Avenue, taking advantage of the influx of Chinese investors. The firm has also built the MiMa condos on West 42nd Street, which focused on midpriced units instead of luxury, high-end units.

  • Event Retail Leasing
  • Address 147 East 86th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 18,500
notes
The affordable clothing brand signed a 15-year lease for the ground and second floors.
  • Event Financing
  • Address 460 West 42nd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 211,600,000
  • Publication Date 02/01/2016
  • Event Date 12/23/2015
  • Party 1 Kuafu Properties, Shanghai Construction Group
  • Party 2 Industrial, Commercial Bank of China
notes
A $211.6 million acquisition loan was arranged for 1 MiMA Tower.
  • Event Financing
  • Address 151 East 60th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 19,684
  • Price $ 200,000,000
notes
The company secured a $200 million development and acquisition loan.
  • Event Sales
  • Address 460 West 42nd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 260,000,000
Manhattan, 10022
PARKVIEW TOWER OWNER LLC
145 East 60th Street is a 10,671 square foot property built in 1900...
Manhattan, 10018
Kuafu Properties|Siras Development, BIFROST LAND LLC
...

11/03/2017
Old Navy will occupy space on the ground and 2nd floor of the 18-story tower. Ariel Schuster and Justin Fantasoa of RKF represented the tenant. Andrew Mandell of Ripco Real Estate represented the landlords, Ceruzzi Properties and Kuafu Properties...

12/30/2016
Clockwise from left: 161 Maiden Lane, 15 Hudson Yards, 70 Vestry Street, 460 West 42nd Street and 90 Morton Street UPDATED, 2:00 p.m., Jan. 3: What Clockwise from left: 161 Maiden Lane, 15 Hudson Yards, 70 Vestry Street, 460 West 42nd Street and 90 Morton Street UPDATED, 2:00 p.m., Jan. 3: What...

07/01/2016
“Affordable housing was the best way to learn how to become a developer because you didn’t really have market-rate risks in terms of running your units,” Ross said on Stoler’s “Building NY” television show in 2011. Related, of course, is now one of the biggest developers in the city, with a number of luxury condo and rental towers, including MiMa, the 63-story luxury rental on West 42nd Street. Related completed the tower in 2012 and sold the top 13 floors to Kuafu Properties last year...

12/30/2015
While Gary Barnett's Extell Development â€' which is known for this sort of thing â€' appears on the list as both a buyer and a seller, the crop of developers overall is best characterized by its diversity. Three Chinese firms appear, including locally-based Kuafu Properties...