Remember how Atlantic Yards was, as the flyer said, "Helping Solve Brooklyn's Housing Crisis"?
Instead, the attendees were being sold new condos in the U.S. being built by Chinese developer Greenland Holding Group, coupled with a culinary and cultural lesson on the autumnal holiday.(Emphasis added)
Greenland is in the process of building two large apartment projects, one in Los Angeles and the other New York, and is turning to its standard client base—Chinese investors—to help fill them up...But in many projects Chinese make up a third or more of the buyers, particularly when condo units are priced competitively to cities like Shanghai, fetching up to $1.5 million to $2 million apiece, brokers say.
Greenland has marketing suites for the building in a downtown Los Angeles high rise and in Shanghai, where an American flag is perched next to models of Metropolis and a $5 billion New York project named Pacific Park Brooklyn.And a Columbia University (graduate?) student, Roy Guo, is cited as having paid $600,000 for a studio apartment in Pacific Park, obviously the 550 Vanderbilt tower.