George Xu
Century Development Group
Century Development Group NYC portfolio
$530.6 million* – condo 35.0%, development 22.0%; Queens 99.0%, Manhattan 0.0%
327th largest portfolio by dollar value
674,904 sqft – condo 46%, elevator 27%;
482th largest by SF
114 properties – Queens 100%, Manhattan 0%
68th largest
388 residential units – Queens 100%, Manhattan 0%
532th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $6 million
Borrower signatory: 7 for $150.3 million
Developer (new building or major alteration): 10 for 0 square feet
Top Ten Associated Companies:
Signature Bank (2), iCross Capital (1), Preferred Bank (1), Sovcombank (1), Derby Copeland Capital (1), GDC Properties (1), Bank Hapoalim (1), MidFirst Bank (1), East West Bank (1), Berkshire Residential Investments (1)
Top Ten Associated People:
Lily Guo (1), Jacky Wong (1), Samuel Ginsberg (1), Gerard DePoalo (1), Hui Hui Liao (1), James Lim (1), Grace Lin (1), Ann Mergler (1), Dan Kim (1), Anna Gutteridge (1)
Recent activity as signatory:
• Century Development Group borrowed $10.1 million from iCross Capital for 45-46 21st Street, 45-28 21st Street, 45-36 21st Street, and N/A 46th Avenue, Long Island City, Queens on March 13, 2025.
• Century Development Group borrowed $8.8 million from Golden Bank for 135-01 35th Avenue, Flushing, Queens on July 02, 2024.
• Century Development Group borrowed $5 million from Pacific National Bank for 11-03 45th Avenue, Long Island City, Queens on June 10, 2024.
• Century Development Group borrowed $29.7 million from Bravo Capital for 148-31 90th Avenue, Jamaica, Queens on April 16, 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 April 12, 2024.
• Miguel Oks sold 45-46 21st Street, Long Island City, Queens for $6 million to Century Development Group on October 23, 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 28, 2023.
• Century Development Group borrowed $43 million from Bank Hapoalim for 11-36 45th Road, Long Island City, Queens on June 09, 2023.
• Century Development Group borrowed $35.2 million from Webster Bank for 148-37 88th Avenue, Jamaica, Queens on October 21, 2022.
• Century Development Group borrowed $25.3 million from MidFirst Bank for 37-24 33rd Street, Long Island City, Queens on August 17, 2022.
Latest Stories:
• Century Development Group submits $118.9M condo plan in LIC (May 28, 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)
• Century Development files to demo LIC building ahead of 36-unit project (October 19, 2022)
• George Xu’s Century Development pays $14.2M for 3-parcel LIC dev site (April 19, 2022)