Brickell’s CCCC Towers could be completed within five years, according to American Da Tang Investment Group CEO Shanjie Li, who was involved in the deal, in an interview with the SFBJ.
The $875 million mixed-use project would include condos, hotel, office and retail.
Last year, developer China City Construction was said to be in financial difficulty and defaulting on debt.
Li also said that he has met with executives of Chinese airlines with the goal of getting a nonstop flight from Miami to China. Airlines are concerned about a lack of demand, Li said, but he thinks that a potential revenue shortfall could be made up by selling ads in in-flight magazines.
At the same time, Li has other ideas to increase the presence of Chinese in Miami. He is working to film a movie about Chinese businessmen in Miami, and also wants to build a “Chinatown” along South Miami Avenue within three years.