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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
Published Mon, Jul 27, 2015 · 09:50 PM
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 Lexington Avenue, from World Wide Group, chief executive officer Shang Dai said. Kuafu intends to demolish the buildings at the site and add about 60,000 square feet (5,570 square metres) of retail space in its ground-up project, he said.
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