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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
