China's Tycoon Wanda to build $900 million complex in Chicago
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China's Wanda Group, controlled by the country's richest man Wang Jianlin, says it will invest $900 million in a five-star hotel and apartment complex in Chicago, as it acquires more assets in the US.
China's Wanda to build $900 million complex in Chicago
Chicago selling out to china
The building almost complete
hina's Wanda Group, controlled by the country's richest man Wang Jianlin, says it will invest $900 million in a five-star hotel and apartment complex in Chicago, as it acquires more assets in the US.
The project, to be located near the intersection of the Chicago River and Lake Michigan, will be the city's third tallest building with a height of 350 metres (1,148 feet), the company said in a statement.
It will be a mixed-use development consisting of a 240-room "super five-star" hotel, residential units and commercial space, and heralds greater expansion into the US, according to the statement posted Tuesday.
"The Chicago project is just the first step of Wanda's property investment in the United States," Wang said in the statement, adding the company would invest in five-star hotels in major US cities including New York, Los Angeles and San Francisco "within a year".
Wanda has made a series of big-ticket purchases of Western assets in recent years as it seeks to spread itself internationally.
Last month Spain's biggest bank Santander announced that it had sold a historic skyscraper in Madrid to a Wanda subsidiary for 265 million euros ($360 million).
The deal followed the Chinese conglomerate's acquisition last year of British yacht maker Sunseeker for 320 million pounds (now $548 million) and its $2.6 billion takeover in 2012 of US cinema chain AMC Entertainment.
It is also spending 700 million pounds on London's tallest residential towers.
Construction on the Chicago property project is expected to start this year and it is scheduled to open in 2018, Wanda said.
A Wanda arm listed in Hong Kong said in a stock exchange statement Tuesday that it and another Wanda subsidiary will have combined "capital commitments" of no more than HK$1.75 billion ($226 million) in the Chicago project.
https://news.yahoo.com/chinas-wanda-build-900-million-complex-chicago-102704719.html
easier to spy on americans when the landlord is from the CCP
C before D ?
“This is very important day, a significant day for the city of Chicago, and allows us to continue to be the destination for major international investment that creates jobs here,” Chicago Mayor Rahm Emanuel told reporters at a news conference.
Chicago before Dalian
https://www.reuters.com/article/us-dalian-wanda-chicago-idUSKCN0XT1KY
Wanda Group (Chinese: 万达集团; pinyin: Wàndá Jítuán), or the Dalian Wanda Group (Chinese: 大连万达), is a Chinese multinational conglomerate based in Beijing.It is a private property developer and owner of Wanda Cinemas and the Hoyts Group, as well as a majority shareholder of AMC Theatres.. With investments within Mainland China and globally, the Dalian Wanda group has …
Wanda Vista to be Chicago's third tallest building - ABC7 …
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The Chicago skyline is one step closer to adding another skyscraper. The 88-story hotel, residential and retail Wanda Vista building is slated for two empty lots in the Lakeshore East neighborhood.
More than $30 billion in trade is done each year between Chicago and China. Mayor Emanuel said former Mayor Richard M. Daley gets much of the credit for the city's strong relationship with China.
"I want to personally take this moment to thank him for the many trips he made to China, to build the foundation for that gateway agreement," Emanuel said of Daley.
the mayor is special advisor to Wuhan China
https://abc7chicago.com/wanda-vista-lakeshore-east-group-magellan-development/441675/
Bidens sons ? and other sons not mentioned
mayors making money from wuhan ?
univ and wuhan ?
$1B masks bought from china by pritzker ?
Irish and jewish mafia in the gateway agreement ?
Chicago welcomes the CCP to be the new land lords
Its easier to spy on americans when you own chicago with the CCP and Mao thugs loot every building by the building from China
Its a virus