China mega developer enters U.S. market
Developer is partnering with Tishman Speyer on the project.
China Vanke Co., Ltd., is making its debut in the U.S. property market with a joint venture high-rise condominium project at 201 Folsom St. in San Francisco, according to CoStar's Randyl Drummer.
The mega developer is partnering with Tishman Speyer on the project, which entails building two towers (37 and 42 stories, respectively) that will house 655 condo units. This is China Vanke's first development outside of China.