A Chinese homebuilder will build a 200-unit condominium complex in Weehawken as part of its $1 billion entry to the U.S, the company said Monday.Landsea Group Co. Ltd. said it plans to develop a midrise luxury building that overlooks the New York City skyline. Founder and Chairman Tian Ming was scheduled to visit the project site Monday as part of a tour of three housing markets, but additional details about the project were not disclosed in the announcement.
The tour also includes sites outside San Francisco and Los Angeles, where the firm is also planning projects as part of its $1 billion U.S. home construction program.
“This visit marks the advent of Landsea as an American homebuilder,” Tian said in a prepared statement. “We have already established our presence in Asia and Europe, but there is no better housing market than the United States, where homeownership will always be a part of the American Dream and a cornerstone of economic prosperity.”
Landsea, based in Nanjing, China, has developments and research facilities in more than 40 locations throughout China and Europe.
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