Metropolis Hits Latest Milestone as Final Tower Commences Installation of New Interior Finishes

LOS ANGELES, CA (February 28, 2018) – Greenland USA, a leading developer of residential and commercial properties, today announced Residential Tower 3 at Metropolis is moving forward in construction with the installation of new interior finishes. The interior work being commenced at the luxury mixed-use property, which includes cabinet installation, tiles, countertops and flooring work, signals another milestone as the final tower continues to progress toward its anticipated completion in 2019.

“Pankow PENTA Builders and Greenland USA have reached a significant milestone in the construction of the Metropolis Tower 3. The project is moving forward in the construction phase with the interior finishes in the units. This is marked by the first cabinet delivery that was received in Los Angles from Italy the week of February 19, 2018 with the cabinet installation starting the first week in March 2018,” said Rick Schutter, project executive at Pankow PENTA Builders. “The tile, countertops and flooring work are also commencing at the site in March as well. The installation of the finish elements brings with it a sense of pride, purpose and warmth that this is not just a construction project any more but is definitely moving closer towards being a home to many residents.”
“We are excited to see the incredible transformation taking place, not only in the construction and development of the towers at Metropolis, but also its effects on the greater downtown community, said HU Gang, President and CEO of Greenland USA. “With the installation of these interior finishes, we are seeing a vision come to fruition – one of a property that will redefine luxury, urban living for all residents and visitors to Metropolis.”
Metropolis is a more-than $1 billion, 6.3-acre, luxury, mixed-use property poised to elevate the standard of urban living in Los Angeles. Built on one of the last substantial parcels of undeveloped land in downtown Los Angeles, it is comprised of three residential towers, Hotel Indigo and retail space, all encompassed in towers reaching 18- to 56-stories high.

Located conveniently between Los Angeles’ financial district to the north and the entertainment district to the south, Metropolis will provide guests and residents with expansive views of the city, mountains and coastline. It will feature contemporary finishes and a variety of luxury amenities and desirable conveniences that are the hallmark of urban living. These include a gym, outdoor four-lane swimming pool and spa, outdoor kitchen pavilion, dog park and a children’s play area. Metropolis is currently in the second phase of construction, which includes a curated retail experience and openings of Residential Towers II and III and is slated for completion in 2019.

About Metropolis
Metropolis is more than 6.3 acres of residential, retail and hospitality property located in downtown Los Angeles. Just two blocks from Staples Center and L.A. Live, Metropolis will span two full city blocks, and connect the financial and entertainment districts, while adding to the L.A. skyline and the vibrancy of the downtown scene. Metropolis will provide guests and residents alike with expansive views of the city, mountains and coastline, and offer a new standard for urban living. Phase II of construction is slated for completion in 2019.

About Greenland USA
Greenland USA is a leading developer of residential and commercial properties that transforms communities. Greenland USA leverages its extensive international track record, commitment to design innovation, quality and efficiency and its local market expertise to bring landmark properties to fruition. It is currently developing the $1B+ property Metropolis in Los Angeles, the $6B+ property Pacific Park Brooklyn in New York and a $1B+ property in South San Francisco.

Established in 2013, Greenland USA is a subsidiary of Greenland Group, which is publicly traded on the Shanghai Stock Exchange (SSE) and ranked 277th among the Fortune Global 500 in 2017. Visit www.greenlandusa.com for more information about Greenland USA, and www.metropolislosangeles.com for more on Metropolis. For Greenland USA’s project in New York, visit: www.pacificparkbrooklyn.com.

Contact:
Landen Zumwalt, for Greenland USA
323-202-1402
Landen.Zumwalt@Edelman.com