Hong Kong-based Euro Properties Group was supposed to be the first Chinese developer to build — not just finance — a condominium tower in Manhattan, when it acquired 118 East 59th Street in 2013. But construction on the 38-story tower never got going, and pre-development sales of its 29 units never made it to the closing phase. The developer also never obtained a construction loan, city records show. On Monday, Euro Properties announced it had […]
source https://therealdeal.com/2019/03/04/euro-properties-sells-stake-in-stalled-59th-street-condo-project/
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