Vanke and partners launch $116m NY renovation project
By Amy He In New York | China Daily | Updated: 2016-03-02 08:28
China Vanke Co Ltd is joining forces with two US real estate investors in a $116 million redevelopment project in New York City.
Vanke Holdings USA, Slate Property Group and Adam America Real Estate will convert a 118-year-old building on Manhattan's Lower East Side into luxury condos, according to The Wall Street Journal.
The former school building at 45 Rivington Street is owned by nursing-care provider Allure Group.
Photo
