Chinese developer leads transformation of L.A.'s skyline [View all]
Source: LA Times
For decades, the sprawling six-acre Metropolis parcel in downtown Los Angeles sat barren as successive real estate busts derailed the promise of a $1-billion "city within a city."
Now, in an eye-rubbing spectacle, three towering cranes are working on the first phase of a hotel and a condominium tower, while construction has begun on two more condo towers for the second phase.
With the economy accelerating, the pledge made in the 1980s is finally being fulfilled by a feisty developer from China who is leading the transformation of downtown's skyline.
As chief executive of Chinese development firm Greenland USA, I Fei Chang is overseeing $6 billion worth of real estate development in the U.S., making her one of the biggest developers in the country.
Read more: http://www.latimes.com/business/la-fi-china-developer-chang-20150503-story.html#page=1
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