Related News
Caojiadu area readies for shopping plaza
By Cao Qian |
May 26, 2009, Tuesday
|
Print Edition
Print Edition
THE city's northwestern Caojiadu area is expected to open a 3 billion yuan (US$439 million) retail and office complex by December, the first major stage in a government-planned redevelopment project that will ultimately involve 400,000 square meters of high-quality retail and office space.
Plaza 889 will be located at the intersection of Wanhangdu Road and Changshou Road, which has 1.2 million people currently passing through the area every day.
"It might take about two years to enhance the area's overall retail scene as the whole upgrading project is still in its early stages," said Raymond Wei, director of local-operation retail at DTZ, one of the "big four" global real estate advisers operating across the world. "It could be positioned as a community shopping area mainly targeting mid-range customers."
Plaza 889 will cater to the needs of families seeking "lifestyle shopping experiences," according to its property manager, Insite, an asset management company funded by the Blackstone Group.
Under a previously released government blueprint, Cao°?jiadu will be transformed into one of the city's 12 major commercial centers over the coming few years.
Plaza 889 will be located at the intersection of Wanhangdu Road and Changshou Road, which has 1.2 million people currently passing through the area every day.
"It might take about two years to enhance the area's overall retail scene as the whole upgrading project is still in its early stages," said Raymond Wei, director of local-operation retail at DTZ, one of the "big four" global real estate advisers operating across the world. "It could be positioned as a community shopping area mainly targeting mid-range customers."
Plaza 889 will cater to the needs of families seeking "lifestyle shopping experiences," according to its property manager, Insite, an asset management company funded by the Blackstone Group.
Under a previously released government blueprint, Cao°?jiadu will be transformed into one of the city's 12 major commercial centers over the coming few years.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
