Why this Chinese developer is investing $100M into Cleveland, Texas

Yuhai Zhao was sold on developing a master-planned city in Cleveland, Texas, on his first trip to the sleepy town 45 miles northeast of downtown Houston.

The chairman of Yihai Group — a longtime developer based in Dalian, Houston’s sister city in northeastern China — said he was attracted to the 8,000-resident city several miles north of Interstate 69 and the Grand Parkway because of its proximity to the Bayou City and the suburban growth that was emanating toward Liberty County.

Click to read more at Houston Business Journal.