From the Times Ledger:
A Manhattan real estate agent is lobbying the developer behind the proposed overhaul of the long-neglected RKO Keith’s Theatre to take on the services of a Chinese construction company for the project.
David Drezner, of Canterbury Financial Group, said Monday that he is hoping to convince Patrick Thompson, the project’s developer, to hire the firm — which he declined to name — to handle the financing and construction of the redevelopment.
The firm has up to $1 billion available to finance projects, Drezner said, and it is willing to lend Thompson the full $160 million for the project if he can guarantee that the company will have the exclusive contract for its construction.
“I have an Asian construction company who will put up $160 million just to do the construction, but they’d have to arrange a takeout so they make sure they get their money,” Drezner said, later confirming that the company is based in China.
Michael Nussbaum, a spokesman for Thompson, said he was not aware of Drezner’s proposal. Thomspon has received offers to work with other firms and groups, he said, but the developer will not make any decisions until the project receives final approval from Borough President Helen Marshall and the city Board of Standards & Appeals.
Drezner, who said he has worked in real estate since the 1960s, also said the company would likely use union and local labor, though he said it would want to employ its own engineers.