Nicole Kushner Meyer, the younger sister to White House senior adviser Jared Kushner flew to Beijing, a week ago, to promote Jersey City project, under her family firm, Kushner Companies, development.
The 1,467-apartment luxury tower which estimated the cost at $400 million in November 2015, pitched in China, at $1 billion to more than 100 potential investors at Beijing’s Ritz-Carlton hotel.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Jersey City project, known as both“Kushner1,” and “One Journal Square” is seeking a bank loan of about $525 million, in addition to roughly $150 million from Chinese EB-5 investors, according to Bloomberg.
Nicole Kushner Meyer pointed the usefulness of the EB-5 visa program which gratuity citizenship to foreign investors who invest over $500,000 or more into American projects.
The Real Deal reported: “She stood before slides that sported phrases like “founded by celebrity developers,” “government-sponsored” and “key decision makers.” At one point,” The real estate magazine sais, “a photo of U.S. President Donald Trump, a father-in-law to Jared, was displayed in the frame, just below the characters EB-5.”
“[It] means a lot to my entire family and me,” Nicole said of the Jersey City project, which is in jeopardy of losing a necessary tax abatement and a major business partner in WeWork. [continu reading in The Real Deal]
