Euro Properties commissioned Soo K. Chan of SCDA Architects to design a 40-story tower with 29 luxury, full-floor or larger residences. The mix of two- to four-bedroom condominiums, including duplexes and a triplex penthouse, were offered for $5 million and higher.

However, in April 2017, The Real Deal reported although sales were launched, construction was not moving forward. The publications stated, “Reached by email, Euro Properties CEO Neo Que Yao said he was pushed out of the project by a major shareholder, Yuzhou Properties Co. Ltd., which is reportedly weighing a sale of the site altogether.”

In November 2018, Yes In My Back Yard (YIMBY) wrote the previously standing structures at the address were cleared, replaced with a “partially excavated open pit.” The article was accompanied by a graphic photo of the demolition site, showing water pooling with plant growth and the absence of construction activity. The reporter Michael Young stated, “[G]iven the site's current condition three years after groundbreaking was anticipated, current plans may be scuttled.”

Nonetheless, Chen voiced optimism about Euro Properties US investments. “We have viewed each of our investments in the greater New York region as a way to build something special, to create real value in the most valued markets,” she said. “We are proud of what we have achieved to date in New York and we look forward to continuing to invest and develop here on the East Coast as well as the luxury markets in California, including Los Angeles and San Francisco.”

Euro Properties notes it sold its property in Greenwich, CT, and is embarking on marketing a 21-acre development site at 24 Hicks Lane in Sands Point, Long Island, NY. The property features extensive amenities including a loading dock and 628 feet of Manhasset Bay shoreline.

In addition to the US, the company states it has been investing and developing in Saipan, Singapore, Australia and the United Kingdom.