George Xu
(Jiapeng George Xu, Jiapeng Xu)
President
Founder
Century Development Group
Owner, Developer
Private Equity
Century Development Group NYC portfolio
$517.3 million -development 26%, condo 17%, elevator 16%; Queens 100%*
429th largest portfolio by dollar value
699,327 sqft – condo 44%, elevator 26%, office 13%; Queens 100%
650th largest by SF
25 properties – Queens 100%
398th largest
761 residential units – Queens 100%
423th largest by residential units
Other Links:
Person Activity past 24 months:
Buyer signatory: 2 for $26.2 million
Borrower signatory: 9 for $180.8 million
Developer (new building or major alteration): 10 for 0 square feet
Top Ten Associated Companies:
Signature Bank (2), MidFirst Bank (2), BridgeCity Capital (1), Ponce Bank (1), Preferred Bank (1), Sovcombank (1), Derby Copeland Capital (1), GDC Properties (1), Bank Hapoalim (1), Adolph Meyer (1)
Top Ten Associated People:
Louis Lebovits (1), Steven A. Tsavaris (1), Jacky Wong (1), Samuel Ginsberg (1), Gerard DePoalo (1), Hui Hui Liao (1), Adolph Meyer (1), Carolyn Meyer-Grady (1), Joseph Lipari (1), James Lim (1)
Recent activity as signatory:
• Century Development Group borrowed $9 million from MidFirst Bank for None on February 19, 2026.
• RD Management sold None for $15 million to Century Development Group on February 19, 2026.
• 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 $9.6 million from Israel Discount Bank for 144-36 Northern Boulevard on December 10, 2025.
• Century Development Group borrowed $50 million from Ponce Bank for None on October 06, 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.
Latest Stories:
• 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)
• George Xu’s Century Development files plans for 98 units in Flushing (January 09, 2023)