text: Fosun ownership In 2013, Steve Witkoff made an unsolicited $650 million offer to purchase the building and convert it into a hotel and condominiums. While JPMorgan rejected the offer, it prompted the firm to begin marketing the building to potential bidders as both an office building or a residential conversion opportunity. The building was placed for sale in August 2013. The auction reportedly initially attracted about a dozen bidders, including Witkoff, Harry Macklowe, Joseph Chetrit, Tishman Speyer, Boston Properties, Starwood Capital Group, RXR Realty, and at least two wealthy Asian investment funds.
  On October 18, 2013, JPMorgan sold the building to Fosun, a Chinese investment company, for $725 million, finalizing the sale that December. Fosun rebranded One Chase Manhattan Plaza as 28 Liberty Street in 2015. The new name refers to the building's position on Liberty Street and also connects to the Statue of Liberty in the distance. The address number references the fact that 8 is a lucky number in Chinese culture and, according to a Fosun spokesperson, "28 denotes 'double prosperity'". Fosun proposed converting the ground and basement stories into a retail complex, and the LPC approved the company's plans to add storefronts and entrances to the new complex. Fosun spent $150 million to renovate the lower stories into a  retail complex, including a  food hall on the ground floor and a , 10-screen Alamo Drafthouse Cinema in the basement.