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Construction starts on phase 2 of The Springs
By Cherry Cao |
May 16, 2012, Wednesday
|
Online Edition
Online Edition
THE second phase of The Springs, a US$2.5 billion mixed-use development by Tishman Speyer, started construction today in Shanghai's northeast Yangpu District.
Consisting of nine office buildings and a convention center with a total buildable space of more than 194,000 square meters, the second phase is scheduled to complete by the first quarter of 2015, according to Tishman, a New York-based real estate owner, developer, operator and manager.
Launched in June 2011, The Springs, a three-phase development with a combined buildable space of more than 900,000 square meters, is Tishman's largest project in China. It mainly includes residential, office and retail spaces as well as entertainment facilities.
The first phase, comprising about 160,000 square meters of residential units and some retail space, is set to complete in 2014.
Tishman's Chinese mainland portfolio also includes the Fifth Avenue commercial development in Tianjin and The Atrium, a mixed-use project in Chengdu, Sichuan Province.
Consisting of nine office buildings and a convention center with a total buildable space of more than 194,000 square meters, the second phase is scheduled to complete by the first quarter of 2015, according to Tishman, a New York-based real estate owner, developer, operator and manager.
Launched in June 2011, The Springs, a three-phase development with a combined buildable space of more than 900,000 square meters, is Tishman's largest project in China. It mainly includes residential, office and retail spaces as well as entertainment facilities.
The first phase, comprising about 160,000 square meters of residential units and some retail space, is set to complete in 2014.
Tishman's Chinese mainland portfolio also includes the Fifth Avenue commercial development in Tianjin and The Atrium, a mixed-use project in Chengdu, Sichuan Province.
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