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Chinese firm Kuafu plans condo tower at NYC's Upper East Side

It intends to demolish the existing buildings and add about 60,000 sq ft of retail space in ground-up project
Tuesday, July 28, 2015 - 05:50
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This month, Kuafu agreed to buy One MiMA Tower, a luxury rental property on West 42nd Street that it plans to convert to condos.

New York

KUAFU Properties LLC, a New York-based Chinese investment firm formed two years ago, plans to build a condominium tower at the Upper East Side site that once housed the Subway Inn dive bar.

The company signed a contract to buy the property on East 60th Street, near