Transactions - OCTOBER 31, 2016

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Chinese investors target multimillion-dollar U.S. developments

by Andrea Waitrovich

In separate projects, two China-based investors are investing in multimillion-dollar development projects in the United States.

Hong Kong–based developer Modern Land of China, through its Houston-based subsidiary of American Modern Green, is developing a $300 million mixed-use project in Pearland, Texas. The project broke ground earlier this year.

The 48.5-acre Ivy District will comprise residential, office, retail and a possible hotel, according to the new public documents. Ivy District will feature residential space on 17.8 acres, including 46 gated townhomes, 142 condominiums, 335 apartment units, and a retirement community totaling 146 independent-living units, 34 assisted-living units and 44 memory care-units; commercial space on 9.7 acres, featuring office, hotel, conference center, restaurants, shops and entertainment venues, and parking garage; and approximately 16 acres of lakes, green space, trails and a pedestrian bridge.

Texas has be

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