China City Construction Group Holdings Limited provided on update on their massive Brickell project yesterday:
The Hong Kong-listed China City was formerly known as Chun Wo. The company purchased a $40 million stake in the project from a mainland China company with a similar name (China City).
The developers have previously estimated the cost of the project at $875 million, with top off of the twin towers at 1,069 feet. They had hoped to break ground in early 2016.