Miami mayor Mayor Tomás Regalado has expressed concern that Capital at Brickell developer China City Construction is owned by the Chinese government.
“We have not seen a foreign government build in Miami as a developer before. That’s a concern,” Regalado told Andres Viglucci of the Herald. “It’s very strange that a government will venture into developing in Miami. We don’t know what their goals are.”
Regalado was responding to a TNM report last week revealing that the company was owned by the Ministry of Housing and Urban-Rural Development of the People’s Republic of China. China City has a majority stake in both Capital at Brickell and another project at 6747 Collins Avenue in Miami Beach.
An attorney for China City said that the company will soon file plans for an 80-story, twin-tower condo, hotel and retail project at the Capital at Brickell site designed by Arquitectonica.