FORT LAUDERDALE, FL. (January 28, 2009)--Mr. Wei Chen, president and CEO of US Capital Holdings Group, an international private equity investor based in Plantation and developer of the $800 million mixed-use community, 321 North, has been elected to the Broward Alliance Board of Directors.
A recognized business leader in his native China, Chen has been active in the Broward community since founding US Capital Holdings Group in 2004. Chen has also sponsored multiple charity organizations and local events including Kids in Distress; the American Cancer Society's Relay for Life, The Cooperative Feeding Program, the Greater Plantation Chamber of Commerce and the Excellerate Broward Leadership Council, formed to promote Broward County as a place to do business.
This appointment solidifies my commitment to the community and further demonstrates US Capital's long-term interest in the growth and sustainability of the Broward County. 321 North is a project US Capital Holdings Group believes that it will provide tremendous economic and social benefit to county. My involvement in the Broward Alliance will enable me to link our interests with more business leaders to work together for the benefits of our economy with hope and optimism towards 2009! says Chen of his nomination.
The Broward Alliance is Broward Countys official public/private partnership for economic development. Its mission is to lead Broward County in building a stronger and more diverse economy by stimulating the creation of new jobs and capital investment while facilitating the growth and retention of businesses in Broward County. Services offered by The Broward Alliance include assistance with business relocation or expansion and site selection; incentive programs and information; market research; small, minority- and women-owned business assistance; film permitting, government liaison and community resource referrals for film and television; and serving as a liaison for workforce development between educational institutions and the business community.
With the goal of establishing US Capital Holdings Group as the one of the world's leading investment companies, Mr. Chen has sharpened the companys strategic focus and concentrated its investments on long-term growth opportunities that include the repositioning of under-performing retail property Plantation Fashion Mall into 321 North, a cutting-edge, mixed-use lifestyle destination that is environmentally friendly and destination oriented.
Upon completion, 321 North will encompass over 550,000 gross square feet of retail, 613,000 square feet of office, and up to 590 residential units. The project will be seeking LEED certification and is in line with the City of Plantations green initiatives; it is one of 60 projects nationwide participating in a special focus group as part of LEED for Neighborhood Development pilot program to evaluate developments in their entirety and establish a uniform rating system for like communities.
For more information, visit www.321north.com or call (877) 321-8866.
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About US Capital
Founded in 2004, US Capital Holdings is an international private equity investor based in Plantation, Florida. The firm was formed to identify and reposition underperforming or distressed properties in advantageous locations and provide capital and real estate management services to institutions and personal investors overseas.
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