What Greenland USA does

Greenland USA is the US real estate subsidiary of Shanghai-based Greenland Holding Group (publicly traded on the Shanghai Stock Exchange and ranked on the Fortune Global 500), established in 2013 to execute large-scale, mixed-use urban developments on the US East and West coasts. To date the company has committed more than $7 billion across three flagship projects: Metropolis, a 6.3-acre downtown Los Angeles development comprising three residential towers (38–56 stories) plus the 350-key Hotel Indigo (operated by IHG) and the 685-unit THEA luxury rental tower; Pacific Park Brooklyn, a 22-acre, 15-building master plan originally known as Atlantic Yards, conceived by Frank Gehry and developed in partnership with Forest City Realty Trust (now restructured to 95% Greenland / 5% Forest City), encompassing 550 Vanderbilt (278 market-rate condos), 535 Carlton (298 affordable rentals), 38 Sixth Avenue, and surrounding 8-acre public park; and Oyster Point, a 42-acre (planned ~80-acre) biotech/life sciences campus in South San Francisco developed in joint venture with Ping An Trust, Agile Group Holdings, and SOW Capital. Phase 1 of Metropolis, 550 Vanderbilt, and 535 Carlton have earned LEED Silver certification.

The business model is hybrid and asset-heavy. Revenue is generated through one-time condo unit sales (studios from approximately $500K to penthouses up to $5M at Metropolis), recurring residential rental income (THEA's 685 luxury units plus affordable and market-rate apartments at Pacific Park), ground-floor retail and commercial lease income (70,000+ sq ft at Metropolis, additional space at Pacific Park), and hotel operations via the IHG hotel-management partnership. Distribution relies on on-site sales galleries, channel partnerships with Douglas Elliman Development Marketing, Corcoran Sunshine Marketing Group, and Nest Seekers International for residential sales, and direct commercial leasing. Customer segments span affluent urban residents (luxury condos and rentals), affordable-housing seekers (535 Carlton and 38 Sixth), small-business retail tenants (e.g., Wonderforest Nature Preschool and Cain Sloan home furnishings at Pacific Park), enterprise hospitality and healthcare operators (IHG/Hotel Indigo; NewYork-Presbyterian Brooklyn Methodist), and biotech/life sciences tenants at Oyster Point. Notable design and construction partners include Gensler, SHoP Architects, CookFox, Perkins Eastman, AECOM, Pankow, and Webcor. In October 2025, Cirrus Real Estate Partners took over the Brooklyn project and acquired most of Greenland USA's US debt ($200M) as a restructuring of the delayed Pacific Park development.

Name

Greenland USA

Legal name

Greenland USA

Website

https://greenlandusa.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Greenland USA is a US real estate subsidiary of Shanghai-based Greenland Holding Group that develops large-scale, mixed-use urban projects — including Metropolis in Los Angeles, Pacific Park Brooklyn, and Oyster Point in South San Francisco — serving luxury and affordable housing residents, commercial tenants, hotel guests, and biotech/life sciences users.

Ownership category

akta.pro rank

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Residential Property Sales: Sale of luxury condominiums and market-rate residential units to individual buyers. Revenue realized upon closing of sales. Condo prices range from approximately $500,000 to over $2 million.
2. Hotel Operations: Revenue from Hotel Indigo Los Angeles Downtown, a 350-key boutique hotel operated by IHG (InterContinental Hotels Group).
3. Commercial Lease Revenue: Rental income from ground-floor retail and commercial spaces within developments, including the 70,000+ square feet of retail and restaurant space at Metropolis.
4. Residential Rental Revenue: Revenue from luxury rental units including THEA at Metropolis (685 luxury rental units) and affordable and market-rate rentals at Pacific Park Brooklyn.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Greenland USA is a real estate development company that builds, sells, and manages large-scale mixed-use urban properties in major U.S. metropolitan markets. The company develops luxury residential condominiums, market-rate and affordable rental housing, boutique hotels, ground-floor retail, and commercial office space within integrated master-planned communities such as Metropolis in Downtown Los Angeles and Pacific Park in Brooklyn. Revenue is generated through direct condominium sales, recurring residential and commercial leases, and hotel operations.

Product overview

Greenland USA is a residential and commercial real estate developer specializing in large-scale mixed-use developments. The company's portfolio includes: Metropolis in Los Angeles (a 6.3-acre, $1 billion+ mixed-use project with three residential towers, Hotel Indigo boutique hotel, and THEA luxury rental tower); Pacific Park Brooklyn in New York (a 22-acre, $6+ billion mixed-use development with 15 buildings surrounding an 8-acre park, including 550 Vanderbilt condominiums and 535 Carlton affordable housing); and Oyster Point in South San Francisco (an 80-acre biotech/life sciences campus development). Greenland USA also offers public art installations such as ConvergenceLA at Metropolis. All major residential projects include luxury amenities, retail spaces, and sustainable building certifications (LEED Silver for Phase 1 projects).

Differentiator

Problem solved

Functional benefit

Products and services

• Metropolis A 6.3-acre, $1B+ mixed-use development in Downtown Los Angeles spanning two full city blocks. Features three residential towers ranging from 18 to 56 stories with studio to penthouse units, the Hotel Indigo boutique hotel, and curated ground-level retail and restaurant spaces (70,000+ sq ft). Includes private amenities such as sky pools, sky parks, fitness center, yoga studios, resident lounges, business centers, and dog parks. Located adjacent to the Staples Center and L.A. Live.
• Pacific Park Brooklyn A 22-acre, 15-building, $6B+ mixed-use development in Brooklyn surrounding an 8-acre public park, planned for 6,430 total housing units. Conceived by Frank Gehry, the project offers rental and for-purchase homes at a range of price points, office space, retail, schools, and direct access to multiple subway, bus, and LIRR lines. Integrates family homes, storefronts for small businesses, schools, shopping, and entertainment.
• THEA at Metropolis A 56-story luxury residential tower at Metropolis in Downtown Los Angeles with 685 luxury rental units and approximately 28,000 square feet of commercial/retail space. Represents the final phase of the Metropolis development. Refinanced with $340M from funds managed by Apollo Global Management in November 2020.
• Hotel Indigo Los Angeles Downtown A 350-key boutique hotel within the Metropolis development in Downtown Los Angeles, operated by InterContinental Hotels Group (IHG). Created 2,700 jobs including 1,915 construction workers, 483 apprentices, and 165 hotel employees. Won the LABJ 2017 Commercial Real Estate Silver Award for 'Best Hospitality Project'.
• 550 Vanderbilt A 17-story market-rate condominium building at Pacific Park Brooklyn with 278 apartments ranging from studios to four-bedroom units, including duplexes and penthouses. Designed by CookFox Architects and LEED Silver certified for sustainability, featuring window planters and communal garden terraces.
• 535 Carlton A 100% affordable apartment building at Pacific Park Brooklyn with 298 rental homes reserved for New Yorkers with household incomes between $20,100 (individual) and $149,000 (family of three). Designed by CookFox Architects and LEED Silver certified for sustainability.
• Oyster Point A multi-phased, 42-acre (approximately 80 acres of bay front area) $1B+ mixed-use development in South San Francisco transforming bay front land into a sustainable mixed-use community with a life sciences/biotech campus, marina, parks, and commercial and hotel uses. Developed through a joint venture with Ping An Trust, Agile Group Holdings, and SOW Capital.

Quantifiable outcome

• 15,000 total jobs created during Metropolis construction
• +6 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

14 partnerships are on record, tiered core and major.

• TF CornerstonecoreStrategic or Co-development Partner · 26 September 2018TF Cornerstone, a family-owned NYC developer with four decades of experience, acquired parcels B12 and B13 (615 Dean Street and 595 Dean Street) for development of mixed-income rental residential buildings, expanded open space, and a new public school.
• The Brodsky OrganizationcoreStrategic or Co-development Partner · 26 September 2018The Brodsky Organization, with over 75 years of NYC real estate experience, acquired parcel B15 (664 Pacific Street) for mixed-income rental residential development. They bring expertise in community development, public spaces, and working with public agencies.
• Perkins EastmanmajorStrategic or Co-development Partner · 26 September 2018Perkins Eastman was tapped to lead the design of B4, the fifth building at Pacific Park at the corner of Atlantic Avenue and 6th Avenue, expected to rise over 500 feet as Pacific Park's tallest building.
• Forest City Realty Trust / Forest City Ratner CompaniescoreStrategic or Co-development Partner · 27 June 2018Joint venture partnership established in June 2014 to develop Pacific Park Brooklyn. In 2018, partnership restructured with Greenland USA increasing ownership from 70% to 95% and Forest City decreasing from 30% to 5%. Partnership developed 550 Vanderbilt (278 condos), 535 Carlton (298 affordable rentals), and 38 Sixth (300 affordable rentals).
• IHG (InterContinental Hotels Group)majorStrategic or Co-development PartnerIHG operates Hotel Indigo Los Angeles Downtown, a 350-key boutique hotel within the Metropolis development. Hotel Indigo opened March 31, 2017 and won LABJ 2017 Best Hospitality Project award.
• GenslermajorStrategic or Co-development PartnerGensler served as the lead architectural firm for Metropolis development in Los Angeles, designing the sleek glassy towers that define the project's architecture.
• Douglas Elliman Development MarketingmajorChannel Partner/ Reseller/ DistributorDouglas Elliman Development Marketing serves as the exclusive sales and marketing agent for Metropolis condominiums, leveraging their extensive luxury real estate network.
• Pankow PENTA BuildersmajorImplementation/ SI/ Consulting PartnerPankow PENTA Builders served as general contractor for Metropolis, utilizing eight tower cranes (the tallest at 650ft) to construct the 56-story Tower 3. Project executive Rick Schutter led construction efforts.
• CookFoxmajorStrategic or Co-development PartnerCookFox served as architecture partner for 550 Vanderbilt and 535 Carlton at Pacific Park Brooklyn, designing sustainable residential buildings with window planters and communal garden terraces.
• SHoP ArchitectsmajorStrategic or Co-development PartnerSHoP Architects designed the 18 6th Avenue building at Pacific Park Brooklyn, a 51-story tower with glassy curtain wall installation, and the Barclays Center arena.
• Corcoran Sunshine Marketing GroupmajorChannel Partner/ Reseller/ DistributorCorcoran Sunshine serves as marketing partner for Pacific Park Brooklyn developments, representing properties including 38 Sixth Avenue and 535 Carlton.
• Oyster Point Development LLC Partners (Ping An Trust, Agile Group Holdings, SOW Capital)coreStrategic or Co-development PartnerJoint venture managing the 42-acre Oyster Point biotech development in South San Francisco. Partners include Ping An Trust, Agile Group Holdings, and SOW Capital. Project broke ground October 2017 for first phase.
• AECOMmajorImplementation/ SI/ Consulting PartnerAECOM serves as partner for Metropolis development, providing construction and infrastructure expertise. Also supports community development initiatives including artistic installations at project sites.
• WebcormajorImplementation/ SI/ Consulting PartnerWebcor served as general contractor for Hotel Indigo Los Angeles Downtown. During hotel construction, 2,700 jobs were created including 1,915 construction workers and 483 apprentices.

Scale indicators18 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Brookfield Property Partners: Large diversified real estate platform with U.S. office, retail, multifamily, and mixed-use assets. Overlaps with Greenland USA in mixed-use and multifamily but at much greater scale and breadth across asset classes.

Direct peers

• The Related Companies: Major U.S. mixed-use master developer (Hudson Yards, The Point, CityCenter) with a comparable playbook of large-scale, mixed-income, transit-anchored urban redevelopment — directly analogous to Greenland USA's Metropolis and Pacific Park strategy.
• Hines: Global real estate firm with a deep portfolio of mixed-use master-planned developments. Comparable to Greenland USA in mixed-use product type, urban focus, and pursuit of sustainability certifications.
• Silverstein Properties: Developer of the World Trade Center complex and other large mixed-use projects. Comparable as a master developer of multi-decade, multi-tower, mixed-use urban districts with residential, commercial, and hotel components.
• TF Cornerstone: NYC family-owned developer with four decades of residential and mixed-use experience — and an active development partner on Pacific Park Brooklyn parcels. Direct operational peer to Greenland USA's New York business.
• Lendlease: International developer of large mixed-use urban projects (e.g., Barangaroo in Sydney, mixed-use master plans in the U.S.). Similar in tackling multi-phase, mixed-tenure urban regeneration at scale.
• Tishman Speyer: Global real estate developer and investor behind Rockefeller Center, The Spiral, and major mixed-use projects. Comparable to Greenland USA in scale, mixed-use focus, and prime urban location strategy.
• Forest City Realty Trust: Former joint-venture partner on Pacific Park Brooklyn (Greenland Forest City Partners) and a major mixed-use developer. Closely tied to Greenland USA historically and a near-perfect comparable for the Pacific Park master plan.

Regional players

• Vornado Realty Trust: NYC-focused REIT with major office and residential holdings, including ground-up mixed-use developments near transit. Comparable for the Brooklyn/Downtown LA submarkets Greenland USA serves.
• AvalonBay Communities: U.S. multifamily REIT focused on luxury and market-rate rental housing in high-density coastal metros. Comparable to Greenland USA's THEA at Metropolis and Pacific Park rental components.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/greenland-usa

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greenland USA