trending Market Intelligence /marketintelligence/en/news-insights/trending/O32ysrBs1q4lfhIbVY-KHg2 content esgSubNav
In This List

Hopson invests $115M in Manhattan, NY, development site

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Hopson invests $115M in Manhattan, NY, development site

Chinese real estate developer Hopson Development Holdings Ltd. bought a development site in Midtown Manhattan, N.Y., from New Empire Real Estate for $115 million, The Real Deal reported, citing city records.

Hopson plans to build a 34-story tower on the property at 131-141 E. 47th St., investing a total of $225 million, The Real Deal said, citing a company announcement filed to the Hong Kong Stock Exchange. The building will have 200 units, covering a total area of 183,310 square feet.

The project will be 60% funded by bank loans, the publication said, citing the company's announcement.