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Jasper Wu, ZD Jasper Take Shot at Manhattan Condo Market

Jasper Wu, ZD Jasper Take Shot at Manhattan Condo Market
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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Developer ZD Jasper Plans Boutique Condo on Manhattan's UES

Developer ZD Jasper Plans Boutique Condo on Manhattan's UES
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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Extell Sells Papaya King Development Site to ZD Jasper

Extell Sells Papaya King Development Site to ZD Jasper
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Extell Sells UES Papaya King Property to ZD Jasper for $25M

Billionaires’ Row developer Extell is dog tired after a two-year stint as the owner of Papaya King’s longtime home at 179 East 86th Street. ....

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Ascent Nabs $48M Construction Loan for LIC Condo Project

But building more condos does not guarantee that people will buy them at least not right away.
“We don’t see enough absorption in the market to start sales this year,” said Vominh. “We’re basically writing off the rest of 2021.”
Condo developers aim to start sales at a point when they will be strong enough to motivate prospective buyers to act quickly.
Vominh expects sales to begin in 2022 and units to be delivered in 2023. Los Angeles-based Preferred Bank is the lender and Marvel Architects is the architect of record.
Tom Zhidong Wu of development firm ZD Jasper co-signed the construction loans although Wu is not a typical development partner on the project, according to Vominh, who declined to elaborate. ZD Japser’s website says Wu moved to New York in 1991 and founded a computer company that sells and services PCs in the tri-state area. Wu’s firm referred questions to Ascent. ....

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