Developer Chris Jiashu Xu has made another significant acquisition in Long Island City, continuing his streak of investments in the area. Xu's latest purchase further cements his growing presence in one of New York’s most rapidly developing neighborhoods, as he seeks to capitalize on the area's transformation.

New Land Capital's recent acquisition of a master-plan development site in Long Island City underscores its commitment to NYC's residential space.  With a proven track record in the area, the investment aligns with Long Island City's rapid growth trends and reflects New Land's strategic value-creation approach in real estate development.

A firm led by Chris Jiashu Xu has acquired the Westfield Oakridge Mall in San Jose for $135 million. The mall spans 1.1 million square feet and serves as a significant retail hub in the region, featuring a mix of popular national retailers, dining options, and entertainment facilities. Located in a prime area of San Jose, the mall has been a key destination for shoppers and residents in the South Bay.

Queens Penthouse Sets Record Price at Skyline Tower" - A two-bedroom penthouse at Skyline Tower in Queens closed last week for $2.3 million, setting a record price per square foot in the borough at $2,300. This luxurious apartment offers views of the Manhattan skyline and marks a significant achievement for Queens' real estate market.

Chris Jiashu Xu, the visionary developer of Queens' tallest skyscraper, announces a groundbreaking 14-story project in Long Island City. With a $40 million investment, the 213,000 sq.ft. building's purpose remains a mystery—rental or condominium? Xu's strategic moves redefine the Queens' landscape, marking him as a dynamic force. 

Long Island City in Queens has seen a fivefold increase in Asian residents since 2010, reshaping its restaurants, housing, and politics. Once industrial, the area is now a luxury apartment hub attracting Asian immigrants, students, and businesses. The post-pandemic resurgence has rapidly boosted LIC's commercial and real estate sectors.

Queens developer Chris Jiashu Xu has purchased a development site at 93-30 93rd Street in Rego Park for approximately $70 million. This acquisition from Vornado Realty Trust, led by Steve Roth, comes at a 15% discount from the original asking price of $82 million.

Chris Xu, renowned for developing Queens' tallest building, has purchased a vacant property in Flushing for $103 million. The site, previously Assi Plaza, will be developed into a 245-foot tower with 368 residential units, 314,000 square feet of commercial space, and 11,000 square feet for community use, further advancing Flushing's transformation.

Chris Xu, the developer of Skyline Tower, has successfully acquired a 3.7-acre megasite in Flushing for $103 million, with plans for a large-scale mixed-use development that could include residential, retail, and community spaces. The deal involves one of the largest undeveloped plots in the neighborhood, highlighting Xu's long-term vision for transforming Flushing into a more dynamic, urban destination. 

Queens' towering achievement, Skyline Tower, is poised to make history with a potential record-breaking sellout. Approximately 41% of the 801 units in the Long Island City condominium are in contract, with the first closings underway. The 67-story landmark targets a remarkable $1.09 billion sellout, marking a groundbreaking milestone as the borough's first condo vying for a billion-dollar valuation.

All of United’s ongoing projects are in Queens. When complete, a 778-foot tower at 23-15 44th Drive in Long Island City will be the borough’s tallest. Appropriately dubbed Skyline Tower, the 780,000-square-foot project will have more than 800 condo units. The tower is being developed by United alongside FSA Capital and Risland US Holdings. Yimby reported earlier this month that work on the building’s exterior was in the final stages.

The pandemic paused residential construction and stalled sales. Now developers in Long Island City and Greenpoint are scrambling to bounce back. This includes Skyline Tower, the 778-foot luxury condo building in Long Island City that looms over western Queens, which was built to break records - It is the tallest building in the borough; the most ambitious, with sales projected to exceed $1 billion.

At 778 feet, United’s Skyline Tower in Long Island City is expected to be the tallest building outside Manhattan for a time. The project, which is also being developed by Hong Kong developer Risland Holdings, spans 780,844 square feet. The tower appears to be United’s largest under construction. Hong Kong developer Risland Holdings is a partner on the project. 

All of United’s active projects are in Queens. The developer’s biggest is a condo project at 23-15 44th Drive in Long Island City, which is expected to span 780,677 square feet. The 802-unit tower has $1 billion projected sellout, which is reportedly a record for the borough. In July, the Chris Jiashu Xu-led company scored a $502 million construction loan for the project.

Skyline Tower in Long Island City, Queens, is set to become the borough's first billion-dollar condo tower, with a projected sellout of $1.008 billion. This 67-story building will feature 802 units, ranging from $600,000 studios to $3.04 million two-bedroom apartments on the top floor, marking a significant milestone in Queens' real estate market.

United Construction & Development Group’s Skyline Tower in Long Island City, destined to be Queens' tallest building at 964 feet, is on track to become the borough's inaugural billion-dollar condominium development. With state approval, the 802-unit tower will offer condos ranging from $600,000 for a studio to $3.04 million for a two-bedroom, aiming for an estimated sellout of $1.008 billion.

United Construction & Development Group has secured a $502 million construction loan for upcoming condo project “Skyline Tower” in Long Island City, which will be Queens' tallest building at 67 stories. The loan, facilitated by a consortium including JPMorgan Chase, will support the 802-unit Court Square City View Tower. The project, with a total investment of $700 million, is set for completion by 2021.

Queens' First Billion-Dollar Condo Tower with 802 Units" - Long Island City, Queens, welcomes its inaugural billion-dollar condominium tower featuring 802 apartments. Led by developer Chris Xu, this 67-story project marks a milestone in Queens' residential development. Securing a $502 million construction loan from a group of banks, including JPMorgan Chase, highlights the growing interest in this new condo market​​.

Dive into the transformation of Flushing as The New York Times unravels the fascinating tale of upscale condos and retail development in this bustling neighborhood. The article, published in 2015, explores the dynamic changes in real estate, capturing the essence of Flushing's evolution. From luxurious condominiums to thriving retail spaces, discover how this once-unassuming area has become a hotspot for investment and modern living.