日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Chinese investment in LA residential real estate steady

By LIA ZHU in San Francisco | China Daily Global | Updated: 2020-09-17 01:01
Share
Share - WeChat
The view of Los Angeles. [Photo/VCG]

Despite the closures of surrounding offices and art institutions, construction on a Chinese-backed mixed-use complex in downtown Los Angeles continues amid the COVID-19 pandemic with a project expected to appeal to residents in the post-pandemic era.

The long-anticipated project, called the Grand, is a towering collection of apartments, high-end retail, restaurants, movie theaters and a luxury hotel rising on a full city block.

The project was designed by superstar architect Frank Gehry and will sit across Grand Avenue from the celebrated Walt Disney Concert Hall, which Gehry also designed.

It is being developed by New York-based Related Cos with its partner, Core USA, a joint venture of China Harbour Engineering Co and CCCG Overseas Real Estate.

CCCG Overseas is a subsidiary of China Communications Construction Group (CCCG), one of China's largest state-owned companies.

With a $290 million investment from Core USA, the Related Cos obtained enough financing to start construction of the project in late 2018 after years of delays.

Though the novel coronavirus pandemic has caused uncertainties in the housing market, industry experts said the mixed-use complex will appeal to residents, especially young people, who embrace the urban lifestyle.

"Mixed-use projects like the Grand are designed in a way that affords individuals the kind of outdoor space and amenities people are looking for during this pandemic," Kevin Dees, director of the estates division at The Agency, a California-based luxury real estate brokerage, told China Daily.

"Combine this with the active lifestyle Los Angeles is all about, it is clear why people are fleeing other locations around the country and coming to this city," said Dees.

Shops and restaurants will be spread among a series of landscaped open terraces, along with a roughly 430-seat cinema complex. The Equinox hotel will have 309 rooms and a 39-story residential tower with more than 400 luxury apartments, of which 20 percent will be affordable-rate residences, according to Related California.

The 20-story Equinox hotel is on pace to top out by the end of the year, and the apartment tower is expected to reach its peak height in early 2021.

The project has reached the halfway mark as construction carries on unobtrusively through the pandemic, and the entire complex will be completed by early 2022, Rick Vogel, Related Cos' senior vice-president who is overseeing the project, told the Los Angeles Times.

According to the developer, the Grand also has technologies to help reduce the spread of the coronavirus. The goal is make public spaces at the Grand, "touchless, frictionless and cashless", Vogel said, and the indoor air at the hotel should be "surgical suite quality".

The technologies would help limit visitors' need to touch surfaces they would rather not handle, such as door pulls, elevator buttons and credit card readers.

Following the trends seen since COVID-19 hit the US, the Grand will provide outdoor dining at some of its six or more restaurants.

Chinese investment still plays a role in the future of the residential housing market, Dees said.

"While not at the same level as 2018 or 2019, investment in Los Angeles residential real estate by affluent Chinese buyers remains robust," he said.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日本在线你懂的 | 看片一区 | 欧美一级xxx | 日韩欧美在线观看 | 免费A片线观看成人在-杏TV | 亚洲精品久久AV无码蜜桃 | 九九九久久国产免费 | 国产高清中文字幕 | 亚洲精品一区在线观看 | 精品国产成a人在线观看 | 久久亚洲国产午夜精品理论片 | 一级黄色片在线 | 青青草原在线视频免费观看 | 欧美一线免费http | 欧美激情第二页 | 天天做天天爱天天大综合 | 久久精品视在线观看2 | 亚洲九九色 | www.yw193.com| 欧美精品人爱a欧美精品 | 亚洲第一精品福利 | 人人澡人人澡 | 欧美亚洲在线观看 | 不卡久久 | 99久热re在线精品99 6热视频 | 欧美永久精品 | 久久综合视频网站 | 狠狠色丁香婷婷综合橹不卡 | 久久久精品 | 欧美一级毛片免费播放器 | 欧美日韩一区视频 | 91精品国产综合久久福利软件 | 一级毛片片 | 国产精品成人一区二区 | 午夜爽爽性刺激一区二区视频 | 69久久夜色精品国产69 | 亚洲网站在线 | 久久久久日韩精品免费观看网 | 国产视频网| 精品一区二区三区中文字幕 | 天天狠狠色噜噜 |