In accordance with the agreement, BMLP is dropping all claims in the U.S. and The Bahamas against ĚěĂŔ´ŤĂ˝, ĚěĂŔ´ŤĂ˝B and CSCECB and their respective affiliates without any admission of liability on their part. ĚěĂŔ´ŤĂ˝B retains its ownership interest in the British Colonial and Margaritaville Beach Resort hotels, which the company believes will benefit the entire Bahamian community well into the future.

About ĚěĂŔ´ŤĂ˝ Construction, Inc.

ĚěĂŔ´ŤĂ˝ operates mainly in East Coast and Gulf Coast states. As a highly experienced and accomplished contractor, ĚěĂŔ´ŤĂ˝ provides a broad array of construction services including program management, construction management, general contracting, design-build services and public-private partnerships (PPP) for public and private clients. Its pragmatic business approach and ambitious, yet prudent, development strategies enable the company to deliver high-profile and nonpareil commercial, residential, educational, industrial and heavy construction projects.

Media Contact

FGS Global
ĚěĂŔ´ŤĂ˝-US@fgsglobal.com

The resolution follows ĚěĂŔ´ŤĂ˝, ĚěĂŔ´ŤĂ˝B and CSCECB’s motion to appeal the New York State Supreme Court’s prior decision and ĚěĂŔ´ŤĂ˝â€™s filing for chapter 11, which had been pursued in parallel to protect the interests of the co-defendants’ stakeholders.

“We are pleased to have successfully resolved this matter and to move forward with clarity and certainty for our employees, customers and partners,” said Yan Wei, Chairman & CEO of ĚěĂŔ´ŤĂ˝. “While we remain convinced by the strength of our legal arguments, bringing this matter to a close is in the best interests of our stakeholders and will allow us to focus fully on our strategy for delivering world-class construction projects and hospitality operations to our customers. We thank our team and partners for their continued support and look forward to many opportunities together. We also want to extend our appreciation to the people and businesses of The Bahamas for their continued friendship and trust as we look to deepen our relationships in the country.”

About ĚěĂŔ´ŤĂ˝ Construction, Inc.

ĚěĂŔ´ŤĂ˝ operates mainly in East Coast and Gulf Coast states. As an accomplished contractor, ĚěĂŔ´ŤĂ˝ provides services including program management, construction management, general contracting, design-build and public-private partnerships (PPP) for public and private clients. Its practical business approach and ambitious, yet prudent, development strategies enable the company to deliver high-profile and nonpareil commercial, residential, educational, industrial and heavy construction projects.

The Company intends to ask the Bankruptcy Court to modify the automatic stay and authorize ĚěĂŔ´ŤĂ˝ to join its co-defendants, ĚěĂŔ´ŤĂ˝ Bahamas Ltd. (“ĚěĂŔ´ŤĂ˝B”) and CSCEC Bahamas, Ltd. (“CSCECB”), in pursuing an appeal of the New York State trial court decision. Non-debtor defendants ĚěĂŔ´ŤĂ˝B and CSCECB are not subsidiaries, parents or shareholders of ĚěĂŔ´ŤĂ˝ and are not included in ĚěĂŔ´ŤĂ˝â€™s chapter 11 case.

Yan Wei, Chairman & CEO of ĚěĂŔ´ŤĂ˝, said: “Our actions today are intended to protect ĚěĂŔ´ŤĂ˝â€™s right to appeal the New York state court’s fatally flawed decision and preserve the value of ĚěĂŔ´ŤĂ˝ for the benefit of all stakeholders while the appeal process plays out. The record is clear that BML Properties’ losses were entirely the result of its own gross mismanagement and irresponsible actions, and that the lower court’s decision suffers from multiple, insurmountable errors of law. Among its many failings, the lower court’s decision completely ignores the reality that ĚěĂŔ´ŤĂ˝ was not involved at all in the Baha Mar construction project. We look forward to presenting our arguments to the appellate court.”

The Company has filed “first day” motions to obtain the requisite court authority for ĚěĂŔ´ŤĂ˝ to continue operating its business in the ordinary course for the duration of the chapter 11 process. ĚěĂŔ´ŤĂ˝â€™s parent company, CSCEC Holding Company, Inc. is providing the Company $40 million in debtor-in-possession (“DIP”) financing. ĚěĂŔ´ŤĂ˝ expects the DIP financing will provide it with sufficient liquidity to continue operations in the ordinary course during the chapter 11 process. CSCEC Holding has also agreed to provide additional funding directly to ĚěĂŔ´ŤĂ˝â€™s subsidiaries so that they have the funding they need to continue their operations in the ordinary course during the duration of the chapter 11 case.

About ĚěĂŔ´ŤĂ˝ Construction, Inc.

ĚěĂŔ´ŤĂ˝ operates mainly in East Coast and Gulf Coast states. As an accomplished contractor, ĚěĂŔ´ŤĂ˝ provides services including program management, construction management, general contracting, design-build and public-private partnerships (PPP) for public and private clients. Its practical business approach and ambitious, yet prudent, development strategies enable the company to deliver high-profile and nonpareil commercial, residential, educational, industrial and heavy construction projects.

“Located at the nexus of some of New York’s most prized neighborhoods and within close proximity to the waterfront and an amazing selection of shopping, dining and entertainment options, we’re excited to welcome residents home to Greenwich West and enjoy everything the building and surrounding area has to offer,” said Philip Gesue, Chief Development Officer for Strategic Capital. “A building like no other in New York with its Parisian and New York design influences, Greenwich West continues to attract buyers from all over the world with its attainable pricing and value, prime downtown location and contextual design.”

In addition to closings commencing, and the return to in-person appointments and tours, the building is nearing completion and is set to unveil the amenities and first model residences later this fall. The collection of homes will be beautifully furnished in collaboration with leading home décor store Design within Reach (DWR), best known for their accessible modern design and sleek offerings. Showcasing the beautiful residences, buyers will be able to recreate the one-of-a-kind looks upon moving in and will be able to purchase DWR’s iconic pieces, both past and present, through an exclusive partnership. The thoughtful collection of curated pieces selected specifically for the tower, which complement the architecture and interiors, include staples like the Saarinen table, Emmy Sofa, Edel Console, Raleigh Bed, Pacha Chairs, Tiki leather couch, Aura Credenza and more.

Greenwich West features architecture by acclaimed Paris-based architecture firm Loci Anima, with interiors by Parisian designer Sebastien Segers, known for his private homes, spas, and boutiques for clients such as Giorgio Armani and Christian Dior. The light-filled homes, ranging from studios to three-bedroom residences including penthouses, impart a bespoke quality and feature gently curved, hand-plastered interior wall corners to echo the building’s exterior architecture. A variety of residences feature substantial private terraces, including the collection of soaring penthouses that crown the top floors of the building, with only a handful remaining available for purchase. Residence 19B is an expansive two-bedroom, two-and-a-half-bathroom home on the market for $3.755 million, and boasts more than 120 square feet of outdoor space with beautiful city and water views. Pricing begins at $1.1 million and goes up to $7.95 million.

A stunning arrival experience welcomes residents home and will set the luxurious tone for the building the moment one enters. Residents will make a dramatic entrance up grand marble stairs to a double-height lobby detailed in travertine, leather paneled walls and rosewood millwork. The lobby boasts a captivating wall of windows framing views of the courtyard Viewing Garden, designed by legendary French botanist Patrick Blanc, creator of the vertical garden. A symbol of health and well being, the Viewing Garden will be home to multiple plant species artfully planted on walls reaching up to 18 feet in height.

Greenwich West includes a full array of amenities and services including a 24-hour attended lobby, onsite resident manager, porter and handyman staff. At the building’s crown and open to all residents is a beautiful rooftop terrace. Featuring multiple lounge and seating areas, the terrace is designed with peaceful, landscaped vignettes and offers breathtaking views of New York City, the Hudson River and beyond. Additional amenities include a lounge with a fireplace, top-of-the-line fitness center by The Wright Fit with yoga studio and steam rooms, and a children’s playroom that has been designed in partnership with leading local institution Children’s Museum of the Arts. An automated parking garage with direct secured access to residential elevators, a supplemental laundry facility, bicycle storage and additional private storage for purchase are also available.

Corcoran Sunshine Marketing Group is the exclusive sales and marketing firm for Greenwich West. The development is being built by Plaza Construction, an affiliate of Strategic Capital and known to be one of the foremost builders of luxury residential projects in New York. For more information or to set up a private appointment and tour, please call 212-243-0110, or visit www.greenwichwest.com.

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About Strategic Capital
Strategic Capital is the US-based development and investment business of China Construction America which is a subsidiary of CSCEC, the world’s largest investment and construction company and number 24 of the Global Fortune 500 companies. Strategic Capital focuses on investment opportunities in real estate and infrastructure across the Americas and has been in operation in the United States since 1985 through its affiliates. Learn more: https://www.strategiccapital.us/

About Forum Absolute Capital Partners
Forum Absolute Capital Partners (“FACP”) is a privately owned, opportunistic real estate investment platform with a strong focus on the development and/or re-development of residential and commercial properties in New York City. FACP invests alongside qualified, best in class developers and participates in the development of the strategic and creative vision for the projects. Since its inception in 2012, FACP has invested approximately $400 million of equity in eight development projects in New York City.

About Cape Advisors
Since 1995, Cape Advisors, a New York City real estate development and investment firm, has brought insight, integrity and expertise to nearly $3 billion in development. Cape’s projects range from residential and hospitality to retail and commercial, as well as the ownership and operation of restaurants, bars and retail venues. From ground up high-rise Manhattan construction to historic preservation and adaptive re-use, each complex collaboration reflects the innovative design and creative transformation of place that makes Cape Advisors unique.
For more information visit www.capeadvisors.com.

About Corcoran Sunshine Marketing Group
With over 30 years of experience in marketing and collective sales of $50 billion, Corcoran Sunshine Marketing Group is a recognized industry leader in the planning, design, marketing, and sale of luxury residential development. Representing properties throughout the United States and in select international locations, Corcoran Sunshine Marketing Group’s portfolio contains a curated collection of the world’s most desirable new addresses. Corcoran Sunshine Marketing Group is the new development arm of The Corcoran Group which is part of NRT LLC, the nation’s leading residential real estate brokerage company and a subsidiary of Realogy Holdings Corp. that operates Realogy’s company-owned real estate brokerage offices.

“River Club presented us with a unique opportunity – the city of Yonkers is in the midst of a massive transformation and the building’s waterfront location enabled us to ensure unprecedented views and a less than 30-minute-commute to Midtown Manhattan,” said Ning Yuan. “We set out to elevate the level of luxury in Westchester County and looking at the finished project now, and how it is resonating with residents, we couldn’t be prouder.”

The luxury rental tower signifies the fourth and final building in Strategic Capital’s 16-acre waterfront development Hudson Park. The sizeable development is stretched along an idyllic half mile of the Hudson River Promenade and is comprised of three other rental buildings in addition to River Club. Located steps from the historic and recently renovated Yonkers rail station, it is just a 28-minute train ride to Midtown Manhattan.

“China Construction America’s investment in the River Club is a testament to the ongoing revitalization of our downtown and the return of our waterfront to our residents,” said Yonkers Mayor Mike Spano. “The addition of River Club to our housing stock provides high-quality living and convenience that continues to make Yonkers the place to live, work and play.”

Consul General of China in New York Huang Ping congratulated the City of Yonkers, China Construction America and its partners on all the cooperation to make this project possible. “ĚěĂŔ´ŤĂ˝ is one of the best and they have been doing a lot of projects like River Club.” said Ambassador Huang. “This project further demonstrated that by cooperating together we can create a win-win result. When we continue with our cooperation we can further grow this good relationship between China and the US.”

Offering an urban lifestyle amidst a striking natural backdrop, River Club at Hudson Park is pioneering a new standard of elegance in northern New York City and Westchester County. At 240-feet-tall and situated directly on the Hudson River, River Club features unprecedented vistas of the waterfront, New Jersey Palisades and New York City skyline.

“We are excited to celebrate the opening of River Club in Westchester’s newest creative hub,” said Phillip Gesue, Chief Development Officer of Strategic Capital. “This project is located in what is becoming one of the most desirable locations outside of New York City and is addressing the demand for new luxury homes among those looking to call Yonkers home.”

The tower’s 213 residences have been artfully designed by acclaimed architectural design firm JSA, which opted to infuse each with a sophisticated and contemporary design aesthetic. Ranging from studios to two-bedroom apartments, each light-filled home features white oak floors and floor-to-ceiling windows, allowing for an abundance of natural light as well as breathtaking views of the Hudson River and New York City skyline.

A hallmark of the development, River Club at Hudson Park offers residents an extensive selection of best-in-class amenities. Perfect for fitness aficionados, River Club is outfitted with a state-of-the-art fitness center as well as an elegant indoor swimming pool overlooking the Hudson River. Those looking to socialize will enjoy the roof-level River Club Bar, which features expansive views of the Manhattan skyline and New Jersey Palisades. During the winter months, the ground floor River Club Lounge offers a great respite from the cold with a large fireplace with walnut mantle as well as soaring 18-foot ceilings.

River Club is also outfitted with the latest in-home technology, including an automated package concierge locker system for deliveries, a Butterfly MX smartphone video intercom and real-time transportation information provided by Transit Screen. It is pet-friendly and offers smoke-free living, as well as a 24-hour concierge service to assist with residents’ needs and requests.

A highly-anticipated café is currently under construction nearby at 1 Alexander Street. The space is being designed by the founder of Jersey City’s popular Grind Café and will offer a built-in extension of the residential amenities spaces at River Club.

Move-ins at River Club at Hudson Park are well underway. Pricing begins at $1,720 for studios, $2,190 for one-bedrooms, and $2,870 for two-bedrooms. For additional information or to schedule an appointment, please contact the River Club at Hudson Park leasing office at 914-969-1386 or visit .

“This moment marks a major milestone for Greenwich West, and we’re proud to see the building take its place on the skyline,” said Phillip Gesue, Chief Officer of Development at Strategic Capital. “Plaza Construction has done an incredible job of bringing our team of Parisian designers’ vision to life and the building’s rapid progress is a direct result of their hard work and dedication.”

Greenwich West’s 170 light-filled residences range from studios to three-bedrooms, including a collection of penthouses. Each home has been meticulously designed to offer an open floorplan and loft-inspired layout as well as a bespoke feel. The tower’s graceful setbacks create substantial private terraces that capitalize on Greenwich West’s hallmark river views.

“The rapid topping out of Greenwich West is a testament to the extraordinary efforts of our entire team of talented, designers, builders, and contractors,” said Craig Wood, CEO of Cape Advisors. “The team’s commitment to this project is demonstrated by the attention to detail and aggressive schedule that has enabled us to stay on track for completion in early 2020. We couldn’t be prouder of the work that has been done, and are excited to further introduce Greenwich West to the market as it progresses.”

“Building Greenwich West and seeing it rise to distinction as a formidable, one-of-a-kind luxury residential condominium featuring an abundance of light and openness is a source of pride for Plaza Construction,” says Richard Wood, Chairman and CEO of Plaza Construction. “As the project completes it will add a touch of elegance as it graces the Manhattan waterfront.”

Architecture firms Loci Anima and Adamson Associates designed a striking handmade brick façade adorned with custom glazed brick accents and Art Deco-inspired curved corners, which lend a softness to the tower. Industrial-style casement windows — framed by elegant hand-laid brick patterns and custom brick borders — salute the neighborhood’s heritage. Interiors designed by Sebastien Segers Architects — known for his elegant details across private homes, spas, and boutiques for clients such as Giorgio Armani and Christian Dior — echo the gentle curves of the exterior architecture, including deep undulating window-sills topped with Carrara marble that invite interaction with the windows and views, and custom kitchen islands featuring crafted “marine-edge”

Carrara marble countertops. World renowned botanist and landscape artist Patrick Blanc has designed a signature vertical green wall for the building’s courtyard Viewing Garden.

Greenwich West is a rare Downtown building that includes a full array of amenities and services including a 24-hour attended lobby, onsite resident manager, porter and handyman staff. At the building’s crown is an amenity rooftop terrace with breathtaking city and water views as well as multiple lounge and seating areas.

Corcoran Sunshine Marketing Group is the exclusive sales and marketing firm for Greenwich West. A sales gallery located at 435 Hudson Street is now open by appointment, and pricing for the building’s 170 loft-inspired residences ranges from $1,190,000 to $7,750,000. For more information please visit .

“Greenwich West signifies Strategic Capital’s first luxury condo development in New York City and we are very proud to witness construction fully underway.” said Phillip Gesue, Strategic Capital’s Chief Development officer. “We believe this building’s outstanding value, classic loft design and quality construction by our affiliate Plaza Construction will resonate with a wide range of buyers both here in New York and internationally.”

Greenwich West is designed by a team of acclaimed design-world visionaries including Parisian-based design architect Loci Anima and Paris-based interior designer Sebastien Segers Architecte. Both firms worked in close collaboration with architect of record Adamson Associates. Together the firms fused the early 20th century industrial context of the neighborhood with a classic French aesthetic. The results are comfortably chic condominium residences with outstanding views of the Hudson River. The project is being built by Plaza Construction, an affiliate of Strategic Capital and known to be one of the foremost builders of luxury residential projects in New York.

Greenwich West will be a rare full service downtown building to include concierge, doorman and a full array of amenities. The building will feature gracious residences ranging from studio to three-bedroom homes, and be anchored by an intimate cafĂŠ retail space on the ground floor as well as on-site parking, a particularly exciting amenity for residents. At 290 feet tall, a hallmark of the tower will be its Manhattan skyline and water views, which extend up and down the Hudson River.

“This project presented us with a one-of-a-kind opportunity. It is situated in one of the few prime waterfront neighborhoods in Manhattan at the nexus of some of the city’s most beloved areas, said Craig Wood, CEO of Cape Advisors. “We believe Greenwich West will provide a great value in today’s market and we look forward to watching the building rise and progress towards completion.”

Situated at the cusp of Greenwich Village, the West Village, Soho, and Tribeca, Greenwich West offers endless discovery of history, culture, and creativity. Residents will benefit from the proximity to Hudson River Park, just steps away, and its incredible greenspace and waterfront access. A confluence of downtown amenities makes Greenwich West the ideal address for anyone exploring all lower Manhattan has to offer.

“Following a year of preconstruction efforts and working with world-class design-world collaborators, Plaza Construction takes the vision from concept to reality and begins construction of Greenwich West in a style reflective of European design to blend with the Soho Hudson Square neighborhood,” says Christopher Mills, COO of Plaza Construction. “We are recognized for our expertise in luxury condominium building in New York City and are confident that this project will be a standout in our portfolio of work.”

Greenwich West’s ground breaking coincides with the launch of the development’s innovative marketing campaign featuring the acclaimed work of the New York city-based fine artist Aaron Zulpo, known throughout the art world for his narrative paintings of city life. Zulpo has been commissioned to create a series of works that tell the story of life at Greenwich West in his signature dramatic style. The first painting debuts with the launch of the website, where interested parties can also register for the property’s friends and family opening later this year.

Sales at Greenwich West are slated to begin in fall 2018, with first closings expected to commence in early 2020. Corcoran Sunshine Marketing Group is the exclusive sales and marketing agent for the condominium. For more information please visit greenwichwest.com.

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About Strategic Capital
Strategic Capital is the US-based development and investment business of China Construction America which is a subsidiary of CSCEC, the world’s largest investment and construction company and number 24 of the Global Fortune 500 companies. Strategic Capital focuses on investment opportunities in real estate and infrastructure across the Americas and has been in operation in the United States since 1985 through its affiliates. Learn more: https://www.strategiccapital.us/

About Forum Absolute Capital Partners
Forum Absolute Capital Partners (“FACP”) is a privately owned, opportunistic real estate investment platform with a strong focus on the development and/or re-development of residential and commercial properties in New York City. FACP invests alongside qualified, best in class developers and participates in the development of the strategic and creative vision for the projects. Since its inception in 2012, FACP has invested approximately $400 million of equity in eight development projects in New York City.

About Cape Advisors
Cape Advisors was formed in 1995 as a real estate development, investment and management company with projects located principally in New York and New Jersey. Since its inception, Cape has developed over $2 billion in residential, hotel, retail and office projects, as well as designed, opened and operated numerous restaurants, bars, spas and retail venues. Cape Advisors’ affiliates manage many of the firm’s residential, hotel, resort and hospitality projects, with core competencies that include a strong service culture and a focus on creating unique experiences that delight residents and guests and create long term loyalty. Cape’s projects set themselves apart from the ordinary with an attention to detail, context and place, exciting design and high quality execution. For more information visit www.capeadvisors.com.

About Plaza Construction
Plaza Construction is one of the nation’s leading construction management and general contracting companies. The firm has played a notable role in building corporate headquarters, commercial properties, healthcare centers, universities, infrastructure, transportation facilities, museums, retail spaces, hospitality, and residential buildings. Since its incorporation in 1986, the firm has grown from a regional organization to a multi-faceted, national presence in the industry with headquarters in New York and regional offices in Miami, Tampa, and Washington, DC. To learn more visit: www.plazaconstruction.com.

About Corcoran Sunshine
With over 30 years of experience in marketing and collective sales of $40 billion, Corcoran Sunshine Marketing Group is a recognized industry leader in the planning, design, marketing, and sale of luxury residential development. Representing properties throughout the United States and in select international locations, Corcoran Sunshine Marketing Group’s portfolio contains a curated collection of the world’s most desirable new addresses. Corcoran Sunshine Marketing Group is the new development arm of The Corcoran Group which is part of NRT LLC, the nation’s leading residential real estate brokerage company and a subsidiary of Realogy Holdings Corp. that operates Realogy’s company-owned real estate brokerage offices.

From left: Plaza Chairman and CEO Richard Wood, Strategic Capital President Linsen Zhang, Economic and Commercial Counsellor of Chinese Consulate General in New York Zhou Shanqing, Cape Advisors Co-Founder and CEO Craig Wood, CSCEC Vice President Xuexuan Zheng, Deputy Consul General of Chinese Consulate General in New York Zhao Yumin, ĚěĂŔ´ŤĂ˝ Chairman and President Ning Yuan, Hudson Square BID President Ellen Baer, Cape Advisors Managing Partner David Kronman, and Forum Absolute Managing Director Brian Vetter.

“This marks a major milestone for Park and Shore, and highlights how close we are to bringing this condominium development to life,” noted Phillip Gesue at Strategic Capital. “Park and Shore signifies a truly unique opportunity in Jersey City – it fuses Manhattan-quality design, a robust amenity package and premier location for incredible value – and is redefining the Newport neighborhood.”

Just under 40 stories tall and featuring 358 residences, 75 Park Lane provides buyers with the coveted experience of living in a high-rise tower with outstanding river views and resort-like amenities. Shore House, a boutique seven-story, 71-unit building inspired by the lofts of Tribeca, offers an industrial aesthetic and avant-garde design style. Both buildings are being constructed by Plaza Construction, one of the nation’s leading construction management and general contracting companies and the sister-company of Strategic Capital.

“The interiors of 75 Park Lane are inspired by the sophisticated legacy of American modernism, while Shore House is a grittier counterpoint, recalling the industrial brick past of this neighbourhood,” said Principal Wade Little. “We designed the whole complex as a collection of hospitality experiences. Amenities include an Olympic-size swimming pool, jacuzzi, spa, library, wine-tasting room, private dining room, putting green and a lavish health and wellness precinct, complete with sauna and pool with views of nature. The Sky Lounge, with a chef’s table and terrace, commands wonderful views of the New York skyline.”

Gerald Gendreau, AIA, Senior Associate and building architect, said, “Woods Bagot is thrilled to have had the opportunity to design Park and Shore. The two buildings are unified by common materials: naturally colored metal and terracotta frames that visually connect the buildings to the adjacent public park. We designed the exterior in keeping with the scales of the buildings: 75 Park Lane is comprised of an interlocking series of two-story frames with floor-to-ceiling glass, while Shore House, the lower building, features staggered, single-story frames. 75 Park Lane begins with a low-rise base that extends to the street face. Its tower is set back respecting the residential community scale and provides terrific views of Manhattan and the surrounding New Jersey landscape.”

“We’re excited to help realize the vision for such a significant project that is sure to redefine the Newport Skyline,” stated Christopher Mills, Executive Vice President for Plaza Construction. “Currently Plaza Construction has well over two million square feet of ongoing construction throughout Jersey City. Our firm is proud to bring our record of excellence to this project and to reach this important milestone, while keeping on schedule and on budget. We look forward to the successful completion of Park and Shore.”

In attendance at the top-out ceremony were China Construction America Chairman and President, Ning Yuan, Chinese Consul General in New York, Zhang Qiyue, Jersey City Mayor, Steven Fulop and Plaza Construction Chairman and Chief Executive Officer, Richard Wood.

“We are excited to welcome Park and Shore to our Jersey City community, and know that this development will be an incredible addition to the City’s waterfront,” said Mayor Steven Fulop. “Today’s topping off ceremony represents and important milestone, and I look forward to cutting the ribbon on this building soon.”
Ambassador Zhang Qiyue said, “We are glad to see Strategic Capital deliver Park and Shore on schedule while adhering to a high standard in quality. I have no doubt that this condo development will further enhance the vibrant community of Jersey City, which has become home of more and more international students and talented young professionals.”
First closings at Park and Shore are slated to commence late 2018, and pricing for one-bedroom homes at both 75 Park Lane and Shore House starts at $640,000. The sales gallery is located at 100 Town Square Place in Jersey City, and for additional information please visit , or call 201.798.0008.

About Park and Shore
A hallmark of the development, Park and Shore has been designed with an exquisite selection of high quality materials that create a tranquil living experience for residents.

The oversized windows, made possible by the exceptionally designed window and curtain walls, showcase picturesque views of the nearby park, Hudson River, and distant mountaintops. Light and air flood living spaces, promoting wellness and happiness.

Wide-plank wood flooring, by Swedish wood flooring firm Kährs, helps to create a timeless aesthetic and a grounding atmosphere for residents. Specifically, the white oak floors in 75 Park Lane offer a feeling of elegant modernity, while the walnut floors in Shore House evoke a subtle sense of luxury.

75 Park Lane’s master baths embody a thoughtful and sophisticated design approach, illustrated through the use of eastern white marble floors and walls delicately contrasted by a Tundra Grey feature wall. The master baths at Shore House stylishly pair white begonia floors and walls with Venetian bronze accents.

In addition to the homes themselves, all other aspects of Park and Shore have been meticulously designed with exceptional materials and finishes. Stepping into Shore House, its hip yet intimate aesthetic become instantly clear through the ship-lapped oak plank walls, blackened steel feature wall and industrial Edison bulbs. Residents at 75 Park Lane are peacefully greeted with Blue de Savoie marble floors and columns of chiseled Inca Gray Basalt warmed by fluted Walnut wood panels.

About Strategic Capital
Strategic Capital is the US-based development and investment arm of China Construction America. As a premier global investment company, Strategic Capital focuses on investment opportunities in real estate and infrastructure across the Americas. Learn more:

About Woods Bagot Global Studio
Woods Bagot Global Studio continually expands and challenges the expectations of multi-disciplinary architectural practice in a fast-moving digital era. The firm’s worldwide portfolio is defined by its clarity of narrative, sensitivity to urban and regional context, and ecological and social sustainability. Above all, Woods Bagot prioritizes human experience, delivering engaging, future-oriented spaces that are designed around their occupants.

About Plaza Construction
Plaza Construction is one of the nation’s leading construction management and general contracting companies. The firm has played a notable role in building corporate headquarters, commercial properties, healthcare centers, universities, infrastructure, transportation facilities, museums, retail spaces, hospitality, and residential buildings. Since its incorporation in 1986, the firm has grown from a regional organization to a multi-faceted, national presence in the industry with headquarters in New York and regional offices in Miami, Tampa, and Washington, DC. To learn more visit:

ĚěĂŔ´ŤĂ˝ President Ning Yuan (left), Consul General of China in New York Ambassador Zhang Qiyue (middle) and Jersey City Mayor Steven Fulop at the topping out of Park and Shore.

Mr. Yuan shows the Park and Shore project to Ambassador Zhang Qiyueand Mayor Steven Fulop on the 19th floor of 75 Park Lane.

Shore House and 75 Park Lane are scheduled for completion in October 2018 and July 2019 respectively.

Mr. Yuan thanked China Institute and congratulated other honorees. He stated, “US President will pay a state visit to China from November 8 to 10, and I am very much looking forward to the meeting between the two presidents on increasing cooperation in bilateral, regional and global affairs.”

Besides Mr. Yuan, the gala also honored four other outstanding individuals with the Institute’s annual Blue Cloud Award including Andrew M. Cuomo, Governor of New York State; Ronald O. Perelman, Chairman and Chief Executive Officer of MacAndrews & Forbes Incorporated; Vera Wang, the prominent bridal wear designer and Robert Hong Xiao, Chief Executive Officer of Perfect World Co., Ltd.

Founded in 1926 by forward thinking educators including Dr. Hu Shih, John Dewey, and leading educators at Columbia University, China Institute was built on a belief in cross-cultural scholarship and dialogue as a foundation for a strong and positive US – China relations. The Blue Cloud Award is presented to remarkable individuals who have strengthened the bonds between the United States and China in education, arts and culture, and business. Bob Chapek, chairman of Walt Disney Parks and Resorts; Richard L. Gelfond, the Chief Executive Officer of the IMAX Corp; Dr. Leroy Chiao, former NASA astronaut; Jon M. Huntsman, former U.S. Ambassador to China and Lun Feng, chairman of Vantone Holdings have all received Blue Cloud Award.

All other details and structures of the company as well as current contracts and other agreements will remain unchanged.

If you have any further questions regarding the change of our name, please feel free to contact us at
Attn: China Construction America – Office of the Board
525 Washington Blvd., 31st Floor
Jersey City, NJ 07310
Tel: (201) 876‐2788
Fax: (201) 876‐6737