Tuesday, 02 January 2024 12:17 GMT

Greenland Group to invest USD1b in Los Angeles project


(MENAFN) Shanghai-based Greenland Group is planning to invest USD1 billion in Metropolis Los Angeles project, Xinhua reported



The project is the largest undeveloped site in Downtown Los Angeles's Central Business District



Phase I of Metropolis will have a four-star luxury hotel and a residential tower with units ranging from studio to two bedrooms



The Vice Mayor of Los Angeles said: "This 1-billion-dollar investment by Metropolis is one of the largest investment that we have seen in recent year at downtown.


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