Strategic Capital, the real estate investment and development platform of China Construction America, announced the closing of a 4-bedroom, 4.5-bathroom penthouse with an 800-square-foot terrace at 75 Park Lane for $5.7 million. The transaction sets a record for the highest priced condo sale on New Jersey’s Gold Coast.
75 Park Lane, located in the Newport neighborhood, is part of the larger Park and Shore development, which comprises two residential buildings with a total of 429 condominiums.
Designed by the architecture and interior design firm Woods Bagot, the 37-story 75 Park Lane offers 358 residences that range in size from studios to three-bedroom homes, as well as penthouses.
China Construction America (CCA), based in Jersey City, is a subsidiary of China State Construction Engineering Corp. Ltd., one of the world’s largest investment and construction groups listed on Shanghai Stock Exchange.
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