Search
 

Rockefeller Group Seals Deal to Redevelop Historic District

SHANGHAI-The $200-million first phase of a three-phase plan calls for the development and redevelopment of 1 million sf of residential, office, retail and cultural space in a four-acre area in the Shanghai Bund area.

By Brian K. Miller | Updated on December 01, 2005

SHANGHAI-Rockefeller Group International Inc. has finalized an agreement with the Shanghai government for the redevelopment of a four-acre Bund historic district along the Huangpu River here. Rockefeller is serving as the master developer. A preliminary agreement was signed in May 2004.

The project includes new construction and the renovation of several historic buildings. The $200-million first phase of a three-phase plan calls for 1 million sf of luxury residential housing, high-end retail shops, a hotel, office space, facilities for cultural attractions, public squares and an underground parking area.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.