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Wednesday, 04/20/2022 7:28:24 PM

Wednesday, April 20, 2022 7:28:24 PM

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Xinyuan Real Estate Updates Sale of BLOOM on Forty Fifth, New York City, USA
Wed, April 20, 2022, 5:30 AM

BEIJING, April 20, 2022 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an NYSE-listed real estate developer operating primarily in China with assets in other countries, today announced its delivery of Bloom on Forty Fifth, a modernist-inspired eight-story new development features 92 condominium residences comprised of studio to four-bedroom homes. This property is located at 500 West 45th Street, New York City and has a full blockfront between West 44th and 45th Streets along Tenth Avenue. The closings and move-ins are underway this month, with over 20% of units already sold.

"I am very proud of our team in navigating the highly challenging environment throughout the COVID-19 pandemic and in maximizing this development opportunity to meet the market demand," stated Jared Simon, XDGI's Chief Executive Officer of International Real Estate. "This milestone showcases that we have successfully developed and owned a high-quality and well-located property in creating substantial value for our shareholders."

"We're excited to welcome the first wave of residents to Bloom, and are very pleased to receive their positive feedbacks on Bloom's many sought-after amenities, especially the access to outdoor spaces, as well as Bloom's ideal location to easily commute to Midtown, Hudson Yards, and Times Square," added David Chang, Sales Director at Compass Development Marketing Group, who is leading sales at the property.

With its enviable location, Bloom on Forty Fifth offers a prime destination in one of the most vibrant neighborhoods on Manhattan's burgeoning West Side. Residents of Bloom on Forty Fifth are moments away from dining, shopping, and cultural institutions with New York City's famous Theater District to its east. Bloom on Forty Fifth is also moments away from some of Manhattan's most prominent commercial towers including the Empire State Building and Google's forthcoming Hudson Yards campus, giving future residents the option of walking to work. In addition, residents can find transit options with nearby subway and Port Authority Bus Terminal at their convenience.

Designed by the award-winning Marvel Architects, Bloom on Forty Fifth brings a natural and contextual aesthetic to the Hell's Kitchen neighborhood, with a light façade made of glass, steel, and reinforced concrete. Located between Hudson River Park's waterfront greenspaces and Midtown's high-rises, residences at Bloom on Forty Fifth feature natural stones and woods such as Colonial Silver marble backsplashes and warm-toned wide-planked oak flooring to bring natural elements inside. Additionally, the residences offer the rare opportunity of light-filled north-, south-, east- and west-facing residences, with select homes featuring private outdoor space. Surrounded by low-rise buildings, Bloom on Forty Fifth connects residents to nature through a beautifully landscaped 8,000 square-foot elevated courtyard set between the north and south residential towers. The private open-air courtyard features a variety of plants and full-size trees, including honey locust trees and seating areas culminating in an idyllic setting for entertaining or private relaxation. The courtyard also features skylights that shed an abundance of natural light into the lobby.

Bloom on Forty Fifth's lobby features residents' lounge with a lush green wall, continuing the visual connection of nature throughout the building, a fireplace and floor-to-ceiling glass walls that open and close to adapt the space for different uses, such as entertaining or co-working. The lobby level also includes an elite fitness center, outfitted with cardio and strength training equipment to enhance residents' health and wellness. The building additionally features two common rooftops with seating areas and outdoor kitchens.

For more information, please visit the website www.bloom45.com and the on-site sales gallery at 500 West 45th Street or call (212) 289-4529.

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