Jiashu Xu
(Chris Xu, Chris Jiashu Xu, Jia Shu Xu)
President
Founder
United Construction & Development Group
(United Construction and Development Group)
Developer, Owner
33-33 Prince Street, 4th Floor, Flushing NY 11354
112-15 Northern Blvd, #2 Corona NY 11368
United Construction & Development Group NYC portfolio
$1 billion -development 31%, industrial 16%, O8 11%; Queens 97%, Brooklyn 2%*
221th largest portfolio by dollar value
1,734,132 sqft – O8 24%, elevator 17%, condo 14%; Queens 95%, Brooklyn 4%
281th largest by SF
121 properties – Queens 98%, Brooklyn 1%
45th largest
2,979 residential units – Queens 100%
99th largest by residential units
0 foreclosures, 0 bankruptcies, 88 other court cases.
Person Activity past 24 months:
Buyer signatory: 1 for $64.2 million
Borrower signatory: 13 for $483.1 million
Developer (new building or major alteration): 28 for 941,968 square feet
Top Ten Associated Companies:
Bank of China (5), New Era Life Insurance (5), iCross Capital (4), First Commercial Bank (3), Preferred Bank (3), Frank Wong (3), Maxim Capital Group (2), State Bank of Texas (2), Young Nian Group (2), Ponce Bank (2)
Top Ten Associated People:
Bill S. Chen (5), Frank Wong (3), Steven A. Tsavaris (2), Sylvia Tseng (2), Lily Guo (2), Jessica Beltran (1), Ching Fang Liao (1), Jung In-Lin (1), Melody Collins (1), Patrick J. West (1)
Recent activity as signatory:
• United Construction & Development Group borrowed $68 million from Ponce Bank for 131-01 39 Avenue on May 21, 2026.
• United Construction & Development Group borrowed $17.9 million from Preferred Bank for 140-28 31 Drive on April 21, 2026.
• United Construction & Development Group borrowed $50 million from iCross Capital for 42-63 23 Street on April 02, 2026.
• United Construction & Development Group borrowed $28.8 million from iCross Capital for None on February 27, 2026.
• United Construction & Development Group borrowed $12.5 million from Maspeth Federal Savings for 41-26 22 Street on December 19, 2025.
• United Construction & Development Group borrowed $50 million from Preferred Bank for 41-80 Main Street on November 18, 2025.
• Madison Realty Capital sold 41-80 Main Street for $64.2 million to United Construction & Development Group on November 18, 2025.
• United Construction & Development Group borrowed $39.5 million from New Era Life Insurance for 41-37 21 Street on November 14, 2025.
• United Construction & Development Group borrowed $40 million from iCross Capital for 42-63 23 Street on July 30, 2025.
• United Construction & Development Group and Ki Tai Yeung borrowed $22.5 million from New Era Life Insurance for 6223 6 Avenue on June 18, 2025.
Latest Stories:
• United Construction & Development signs $50M refi with iCross for LIC dev site (April 21, 2026)
• iCross refis 71-unit United Construction development in LIC with $28.8M loan (March 12, 2026)
• United Construction & Development signs $40M refi with iCross for LIC dev site (August 20, 2025)
• United Construction & Development files plans for 387-unit project in LIC (August 14, 2025)
• United Construction signs $22.5M refi with New Era for dev site in Sunset Park (July 25, 2025)
Court Records: