Greenland Group starts NY housing project
By Zheng Yangpeng in Beijing and Niu Yue in New York | China Daily | Updated: 2014-12-17 07:44
Chinese property developer Greenland Holding Group has broken ground for a project that could be the largest real estate development plan in New York City for 20 years.
Greenland USA said on Monday that it is developing an affordable housing project in downtown Brooklyn with its US partner Forest City Ratner Companies.
The 18-story project at 535 Carlton Avenue will include 298 units "100 percent affordable" for low, moderate-and middle-income households, according to Greenland Forest City Partners.
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