World-Class Venue with Restaurant, Bar & Event Spaces to Offer 360-Degree Views of City

NEW YORK – March __ 2017 — Fosun Property Holdings has formed a partnership with Union Square Hospitality Group to develop a remarkable new venue featuring a restaurant, bar and multiple event spaces at the top of 28 Liberty, the landmarked tower that overlooks the Hudson and East rivers, New York Harbor and the Verrazano, Brooklyn, Manhattan, Williamsburg and 59th Street bridges.

The venue, which will stand 800 feet above street level with sweeping 360-degree views, will encompass the entire 60th floor of the office tower and will be open to the public.  One third of the 38,000-square-foot floor will be devoted to the restaurant and bar, and the balance will serve as flexible event space.  The event space will accommodate up to three different events and more than 800 people at the same time, a total capacity that rivals many top event venues in the city.

As yet unnamed, the new venue is expected to open in early 2018. It will feature dedicated new elevators from a street-level entrance on Liberty Street between Nassau and William streets. Union Square Hospitality Group also will provide in-building catering to 28 Liberty tenants from the 60th floor facility.

Danny Meyer’s Union Square Hospitality Group is one of the top restaurant and hospitality operators in New York City and nationally, with an extraordinary track record of success that includes Union Square Café, Gramercy Tavern, Blue Smoke, as well as Shake Shack. By enabling Union Square Hospitality Group to create another visionary experience Fosun continues to transform 28 Liberty and the Lower Manhattan community.

“The partnership with Union Square Hospitality Group and the creation of this new venue further establishes 28 Liberty as one of the world’s leading office towers,” said Wei Bo, chief executive representative of Fosun Group in the U.S. and Vice President of Fosun Property Holdings.  “This venue is the culmination of an overall repositioning effort that has transformed the building and established it as a dynamic center for the business and residential community alike.” 

“Union Square Hospitality Group’s ability to create a superior dining experience will be enhanced by the dramatic views of this space,” said Erik Horvat, Managing Director of Fosun Property Holdings. “This venue will be a leading destination in Lower Manhattan and throughout the city, while enhancing the overall asset and providing an amenity to building tenants.”

The new event space, restaurant and bar is the final element of a dramatic, top-to-bottom repositioning for the historic tower that includes new infrastructure and building systems, as well as 200,000 square feet of retail space beneath the building's 1.5-acre plaza. During the past several years, Fosun has energized the building and plaza with cultural, culinary and business events. Fosun’s commitment to art and culture has included hosting community initiatives like the Sing For Hope Pianos, Dine Around Downtown, River to River Arts Festival and LMCC’s Artist in Residence program.

Fosun was represented in-house by James Connors, vice president of asset management with Fosun Property Holdings, and Union Square was represented in-house by Ron Parker, chief growth officer for with Union Square Hospitality Group.

Originally One Chase Manhattan Plaza, 28 Liberty was designed by renowned architect Gordon Bunshaft, and was once the headquarters of Chase Manhattan Bank. In 1961, David Rockefeller, as head of the bank’s building committee, selected the site and oversaw its construction. Given its historical significance, architectural uniqueness and public impact, 28 Liberty was designated as a landmark by the New York City Landmarks Preservation Commission in 2009. This historically significant building is situated within the heart of the Wall Street Financial District, with modern amenities and direct connection to six subway lines, providing convenient access to public transportation.

About Fosun International

Fosun was founded in 1992 in Shanghai. Fosun International Limited (00656.HK) was listed on the Main Board of The Stock Exchange of Hong Kong Limited on 16 July 2007. Fosun has persistently taken root in China, investing in China’s growth fundamentals. It has been actively implementing its investment model of “Combining China’s Growth Momentum with Global Resources.” Fosun is dedicated to making major strides toward becoming a world-class investment group underpinned by the twin drivers of “insurance-oriented comprehensive financial capability” and “global industrial integration capability taking root in China.” Today, Fosun’s businesses include two major segments, integrated finance and industrial operations.  For more information, please visit www.fosun.com.

About Fosun Property Holdings

Fosun Property is a comprehensive property investment and management platform of Fosun Group, connecting multiple sources of funding, utilizing “Hive City + Global Landscape” as its core strategy, characterized with “Financialization, Globalization, Industrialization”, dedicating to global real estate investment and management, aiming to be a global leader in real estate investment and asset management, covering whole real estate value chain of real estate investment, real estate development, asset management, fund management and other real estate services.

Fosun Property has a number of platforms, including Forte, Sungin Capital, Sunyu Capital, Stater Capital, Sunvision Capital, Golte, Resource, and IDERA, Resolution Property, Rio Bravo, Fosun Eurasia, forming multi-industry capability of real estate investment and management, to provide comprehensive service to meet demands of development and construction. Fosun Property has footsteps with teams and assets in global gateway cities like Tokyo, London, Frankfurt, Lisbon, New York, Zurich, Sydney, Sao Paulo, Moscow, Singapore, Seoul and Mumbai, covering mature market and emerging market, becoming the pioneer and one of the leaders of globalization of the real estate industry in China.

Capitalizing on Fosun’s unique Hive Resources and global teams’ expertise, Fosun Property offer attractive global real estate investment programs and opportunities. By now, Fosun Property has expanded its property asset investment in over 40 global cities, with over 120 projects under going or planned. The asset under management is approximately 240 bn RMB.

For more information, please visit: www.fosunproperty.com.