Miami Condo Project Looks to Lure Chinese Buyers
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CIM Group owns more than two-thirds of the Worldcenter project. The development team expects to announce early next year the brand name of a hotel to be built by developer Harvey Hernandez ’s Newgard Development Group, a Miami-based company that also is planning a 250,000-square foot office tower at Miami Worldcenter.
“The Chinese are not 100% sure what Miami is. They don’t understand it yet,” said Peggy Fucci, chief executive of the brokerage OneWorld Properties, which is marketing the Paramount project at Miami Worldcenter. She said she has been traveling to China once every few months to hold presentations for brokers and potential buyers set up by personal financial advisers with high-net-worth clients.
“When Chinese buyers come to Miami, I want them to identify the city with this building.”
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http://www.wsj.com/articles/miami-condo-project-looks-to-lure-chinese-buyers-1418765925