Funding

Funding Needed
$26 (Mio)
EB5 Funding
$8 (Mio)
EB-5 Investors
16
Investment Amount
$500,000

Jobs

Job Creation per Investor
11.9
Job Creation (Total)
190
Category
Real Estate and Rental and Leasing
Sub-Category
Lessors of Residential Buildings and Dwellings

Location

State
New York
Location
Long Island City, Queens

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Viji Durga

Last Update: February 04, 2015 01:01 PM

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ARCFE GROUP A: MURRAY PARK CONDO PROJECT


Developer Name
Century Development Group

Project Description

ARCFE Group A LLC will provide financing for construction of two residential condo buildings located in Long Island City, Queens, New York.  The project includes two 6-storey condo buildings, Murray Park North and Murray Park South. Murray Park North has a total of 41,522 buildable square feet. Murray Park South has a total buildable area of 31,666 square feet. The developer for this project is New York City based Century Development Group, founded by current president George Xu in 2002. Over the past decade, Century Development Group has been primarily engaged in the development of multi-story residential and hotel buildings in Queens county New York. 


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