An executive of China’s biggest real estate developer was in Miami recently studying the market and potential projects.
I-Fei Chang, the chief executive of Greenland USA, visited Miami for the first time last week. She toured several areas, including the Miami River area and Health District, and met with architects, according to The Real Deal. She was especially interested in the UM medical campus, which she said ‘would attract developers like us.’ She worried about luxury condos ‘dividing the community’ and high construction costs.
In downtown L.A., Chang’s firm is building Metropolis, which includes 350 condos. Studios there start at $600,000 and more expensive units sell for $2 million. That project is said to be 50% sold.
A recent press release from Greenland said that the firm was actively seeking growth opportunities ‘across the U.S.’