In March 2017, Bloomberg News reported that the company was in talks to invest $400 million in the building, based on a value of $2.85 billion ($1.6 billion for the office section, and $1.25 billion for the retail section). Anbang and Kushner planned to take out a massive construction loan of more than $4 billion along with a record $850 million in EB-5 visa program financing and convert the property's higher floors into luxury condominiums. At the same time, the Kushners would invest $750 million in the retail portion of the building and end up with a 20% stake in the project. Reports at the time expected the final property to be valued at $7.2 billion, making it the most valuable single property in Manhattan and New York City.