26 April 2019

Chinese firm in talks to buy Jersey City site, WSJ says

A Chinese construction company is in talks to buy a prime site in Jersey City, New Jersey, the Wall Street Journal reported Thursday. China Construction America Inc., the United States subsidiary of Chinese construction giant China State Construction Engineering Corp., has a tentative agreement to buy the site for US$68 million, executives were quoted as saying. The site, which overlooks the Hudson River, can be developed into 1,000 apartment units, the report said.

– Contact HKEJ at [email protected]


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