Chris Jiashu Xu: Difference between revisions
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==Real Estate Development Career== | ==Real Estate Development Career== | ||
Xu is currently building the largest skyscraper in Queens, New York, with his Court Square City View Tower project, which, as one of the [[tallest buildings in New York City]] that is still undergoing construction, will eventually become a key fixture of the [[Long Island City]] skyline.<ref name="Court Square" /> The development site, containing approximately 780,000 buildable square feet, was purchased in 2015 from [[Citigroup]], and subsequently refinanced with a $100 million loan from [[Bank of China]] in 2016.<ref name="Bank of China">{{cite news |last1=Claire |first1=Moses |title=Citigroup sells LIC site to Queens developer for $143M |url=https://therealdeal.com/2015/07/08/citigroup-sells-lic-site-for-143m-to-queens-developer/ |accessdate=1 May 2019 |publisher=The Real Deal |date=8 July 2015}}</ref><ref>{{cite news |last1=Putzier |first1=Konrad |title=Flushing developer refis LIC skyscraper project with $100M from Bank of China |url=https://therealdeal.com/2016/09/01/flushing-developer-refis-lic-skyscraper-project-with-100m-from-bank-of-china/ |accessdate=1 May 2019 |publisher=The Real Deal |date=1 September 2016}}</ref> | Xu is currently building the largest skyscraper in Queens, New York, with his Court Square City View Tower project, which, as one of the [[tallest buildings in New York City]] that is still undergoing construction, will eventually become a key fixture of the [[Long Island City]] skyline.<ref name="Court Square" /> The development site, containing approximately 780,000 buildable square feet, was purchased in 2015 from [[Citigroup]], and subsequently refinanced with a $100 million loan from [[Bank of China]] in 2016.<ref name="Bank of China">{{cite news |last1=Claire |first1=Moses |title=Citigroup sells LIC site to Queens developer for $143M |url=https://therealdeal.com/2015/07/08/citigroup-sells-lic-site-for-143m-to-queens-developer/ |accessdate=1 May 2019 |publisher=The Real Deal |date=8 July 2015}}</ref><ref>{{cite news |last1=Putzier |first1=Konrad |title=Flushing developer refis LIC skyscraper project with $100M from Bank of China |url=https://therealdeal.com/2016/09/01/flushing-developer-refis-lic-skyscraper-project-with-100m-from-bank-of-china/ |accessdate=1 May 2019 |publisher=The Real Deal |date=1 September 2016}}</ref> | ||
Revision as of 21:51, 11 June 2019
| Chris Jiashu Xu | |
|---|---|
| Born | Xu Jiashu 1967 Yangzhou, China |
| 🏡 Residence | New York, New York, U.S. |
| 💼 Occupation | Founding Partner, United Construction & Development Group. |
Chris Jiashu Xu (Chinese: 徐家树; born in 1967) is a Chinese-American real estate developer. He is the founder and president of United Construction & Development Group, through which he is currently developing the tallest skyscraper in Queens, New York.[1]
Early life
Xu was born with the name Xu Jiashu in Yangzhou, China in 1967, and immigrated to the United States together with his family at the age of 18.[2][3]
Real Estate Development Career
Xu is currently building the largest skyscraper in Queens, New York, with his Court Square City View Tower project, which, as one of the tallest buildings in New York City that is still undergoing construction, will eventually become a key fixture of the Long Island City skyline.[1] The development site, containing approximately 780,000 buildable square feet, was purchased in 2015 from Citigroup, and subsequently refinanced with a $100 million loan from Bank of China in 2016.[4][5]
By mid-2018, the project, also known as Skyline Tower, had secured over half a billion dollars from lenders, which by that time had included JP Morgan Chase and a consortium of other banks. Construction on the site began in 2017 and it is projected to go on the market in in 2021, with condominiums priced from $500,000 to $4 million.[6] Besides the United States, Chris Xu has partnered with firms in Hong Kong, Taiwan, and Mainland China to fund and develop his properties.[7][8][4]
References
- ↑ 1.0 1.1 Morris, Keiko (8 July 2018). "Soaring Condo Project Coming to Long Island City". The Wall Street Journal. Retrieved 1 May 2019.
- ↑ "Chris Xu and United Construction". New Land Capital. Retrieved 1 May 2019.
- ↑ "George Xu" (PDF). 華僑社會福利社 Immigrant Social Services, Inc. Retrieved 2 May 2019.
- ↑ 4.0 4.1 Claire, Moses (8 July 2015). "Citigroup sells LIC site to Queens developer for $143M". The Real Deal. Retrieved 1 May 2019.
- ↑ Putzier, Konrad (1 September 2016). "Flushing developer refis LIC skyscraper project with $100M from Bank of China". The Real Deal. Retrieved 1 May 2019.
- ↑ Slowey, Kim (10 July 2018). "$500M loan granted for tallest tower in Queens, New York". Construction Dive. Retrieved 1 May 2019.
- ↑ "Chris Xu's newest project gets half a billion dollars in loans". QueensBeans. 10 July 2018. Retrieved 2 May 2019.
- ↑ Small, Eddie (2 January 2018). "Chris Xu lands financing from Taiwanese bank for Queens condo project". The Real Deal. Retrieved 2 May 2019.
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