Century Development Group
People:
Century Development Group NYC portfolio
$563.3 million -development 24%, condo 15%, elevator 15%; Queens 100%*
402th largest portfolio by dollar value
699,327 sqft – condo 44%, elevator 26%, office 13%; Queens 100%
660th largest by SF
25 properties – Queens 100%
415th largest
697 residential units – Queens 100%
454th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $26.2 million
Seller company: 1 for $11.8 million
Borrower company: 7 for $182.1 million
Top Ten Associated Companies:
Bank Hapoalim (2), Signature Bank (2), MidFirst Bank (2), MFI Capital (1), iCross Capital (1), Radha Soami Satsang Beas (1), Cathay Bank (1), Ponce Bank (1), BridgeCity Capital (1), Preferred Bank (1)
Top Ten Associated People:
Lily Guo (1), Rajan Shamdasani (1), Steven Chen (1), Steven A. Tsavaris (1), Mimi Vu (1), Andrew Gruseke (1), Louis Lebovits (1), Jacky Wong (1), Gerard DePoalo (1), Hui Hui Liao (1)
Recent activity as company:
• Century Development Group borrowed $43.4 million from Bank Hapoalim for 135-01 35 Avenue on May 29, 2026.
• Century Development Group sold None for $11.8 million to Radha Soami Satsang Beas on May 21, 2026.
• RD Management sold None for $15 million to Century Development Group on February 19, 2026.
• Century Development Group borrowed $9 million from MidFirst Bank for None on February 19, 2026.
• Century Development Group borrowed $9.6 million from Israel Discount Bank for 144-36 Northern Boulevard on December 10, 2025.
• Adolph Meyer and Carolyn Meyer-Grady sold 144-36 Northern Boulevard for $11.2 million to Century Development Group on December 10, 2025.
• Century Development Group borrowed $50 million from Ponce Bank for None on October 06, 2025.
• Century Development Group borrowed $15 million from Cathay Bank for 38-19 13 Street on September 19, 2025.
• Century Development Group borrowed $45 million from BridgeCity Capital for 45-40 21 Street on August 08, 2025.
• Century Development Group borrowed $10.1 million from iCross Capital for 45-46 21 Street on March 05, 2025.
• Century Development Group borrowed $8.8 million from Golden Bank for 135-01 35 Avenue on June 13, 2024.
• Century Development Group borrowed $5 million from Pacific National Bank for 44-79 11 Street on May 22, 2024.
• Century Development Group borrowed $29.7 million from Bravo Capital for 148-29 90 Avenue on April 08, 2024.
• Century Development Group borrowed $13.6 million from Bank of Hope for 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, and others, Flushing, Queens on March 28, 2024.
• Miguel Oks sold 45-46 21 Street for $6 million to Century Development Group on October 05, 2023.
• Century Development Group borrowed $40.1 million from Citibank for 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, and others, Flushing, Queens on July 12, 2023.
• Century Development Group borrowed $43 million from Bank Hapoalim for 11-40 45 Road on May 25, 2023.
• Century Development Group for George Jiapeng Xu filed plans for new building for 120,247 sqft in Flushing, Queens, on January 04, 2023.
• Century Development Group borrowed $35.2 million from Webster Bank for 148-37 88 Avenue on October 06, 2022.
• Century Development Group for George Jiapeng Xu filed plans for new building in Long Island City, Queens, on August 08, 2022.
Latest Stories:
• India-rooted spiritual group pays $11.8M for commercial condo in LIC (June 11, 2026)
• Century Development Group pays $15M to RD Management for LIC dev site (February 27, 2026)
• Century Development Group pays $16M for dev site in Flushing (February 17, 2026)
• Century Development Group submits $118.9M condo plan in LIC (May 28, 2024)
• Buyer wants out of $16M Flushing deal (January 19, 2024)
• George Xu’;s Century Development Group pays $6M for LIC office (October 24, 2023)
• Century Development Group signs $43M construction loan 119-unit project in LIC (June 12, 2023)
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