ACRES May 2016 – NY Farrington Tower Case Study

ACRES hosted a real estate development case study with Century Development Group The New York Farrington Tower.

Century Development Group
Founded and headed by George Xu, Century Development Group is an integrated Real Estate Development Company. Since the late 1990’s, Mr. Xu has been involved in the developments of residential, commercial, mixed-use and hospitality projects primarily in the borough of Queens, New York. To date, George Xu has worked on over a million square feet of real estate developments; mixed-use developments including residential, hospitality, office, and retail. The total value of his completed projects is calculated to be over $237, 000,000. The net worth of his current and developing projects is anticipated to be over $421,000,000. The total assets of his projects are over $658,000,000.

Meet the Speakers
George Xu: Century Development Group CEO
Qili Li: Century New York City Regional Center Principal
Hui Zeng, Esq: Immigration Attorney with Mona Shah & Associates
Joanne Chiu, CPA: Marks Paneth Senior Manager

The New York Farrington Tower
The New York Farrington Tower is next major project of Century Development Group. This mixed-use high rise will be located at the corner of 35th Ave and Farrington Street and will boast a variety of high-end facilities. The ground floor will house the Farrington Mall, which will feature 15,000 square feet of high end retail space.

Four Points by Sheraton, a Starwood hotel, with its 210 hotel rooms, will occupy the second through seventh floors in this 15 story building. The Farrington Luxury Residence will contain 100 high-end condominium units with stunning panoramic views of Manhattan from the eighth to fifteenth floors of the high rise. With full service amenities such as a swimming pool, gym, meeting rooms, business center, and other services, The New York Farrington Tower will set a new bar for luxury living in Flushing.

Event Details
Date: Thursday, May 5th, 2016, 6pm to 8pm
Address: 685 Third Ave, 3rd Floor, New York, NY 10017 (Marks Paneth Headquarter) Entrance is on 44th street next to Cosi (Please bring your IDs for security check in!)

Light snack and beverage will be provided along with free information packets. The presentation will be followed by a Question and Answer session. Have all of your development and EB-5 immigration questions ready!

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Special Thanks to

  • 爱聚
  • Asian Real Estate Professional Association
  • 纽约大学地产学院
  • 大纽约地区同济大学美国校友会
  • 海外华人土木与结构工程协会