Greenland USA, a subsidiary of Chinese developer Greenland Group, has sold a biotech development in South San Francisco, California, after months of opposition from the local biotech industry. The waterfront site at Oyster Point in South San Francisco, 10 miles from San Francisco, is approved for 2.5 million square feet of office and lab space. Greenland's project, estimated to cost $2 billion, met with opposition late last year as the company proposed to convert part of the project to 1,200 housing units. "As the majority stakeholder in Pacific Park Brooklyn, Greenland USA remains steadfast in our commitment to delivering a transformational property," said the spokeswoman. The company will welcome residents in three buildings of the Pacific Park project and finish the new Long Island Rail Road permanent rail yard in the coming months, she said.