Xinyuan Real Estate Co., Ltd. announced an update to its Williamsburg, Brooklyn-based development project located at Kent Avenue and South 8(th) Street, in the Williamsburg neighborhood of Brooklyn, New York. The company commenced construction on this project in late November 2013 and the 506,000 sq. foot gross buildable residential condominium development project site is now active.

The company signed a general contractor for the site in the fourth quarter, after a lengthy selection process and has also selected an exclusive U.S. listing agent to help market the available units to prospective buyers.