- August 22, 2019 | 5 min read
Chinese investors want sanctions against developer who missed deadline to explain missing $49.5 million
- Posted on April 8, 2020 | Updated on April 9, 2020 | 5 min read
EB-5 green card investors are demanding court sanctions to get Symmetry Property Development to show a “report on funds chronology.” The developer was given an extension 14 months ago to provide such a report by April 3, 2020, but failed to deliver. The hotel-condo project was supposed to be completed in 2017 but was never started after municipal opposition over development in a proposed landmark district.
See our earlier story on the lawsuit