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December 21, 2012

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South Bund's first new showpiece rises

THE main structure of the first new office building in the southern Bund area, a glass-walled tower dubbed 100 Bund Square, was completed yesterday.

It is expected to be the forerunner of many new buildings to make up the new Bund Financial Industry Cluster.

The area is expected to cater to the city's burgeoning need for office space by adding new structures to renovated and preserved historical buildings in the next five years to form a new central business district, officials said yesterday.

A total of 1.8-square-kilometer office space will be added through renovation and building, according to the Huangpu District government.

The 100 Bund Square building on Zhongshan Road S. is 110 meters tall and will have a floor area of 78,110 square meters. The building is close to Metro lines 9 and 10.

Unlike the Lujiazui area with its tall modern skyscrapers, the Bund area will limit the height of the new office buildings to protect the skyline of the historical site.

The Dongjiadu Church, Merchant Shipping Hall, Huangjinrong Garage and some old dock garages along the Bund will be renovated.

The majority of the newly erected riverfront buildings will be between 24 and 40 meters tall while a few will be allowed to be no higher than 80 meters. Some buildings a little farther away from the Huangpu River will be allowed to be up to 120 meters tall.

The Bund has a total of 629 financial companies, with 66 new companies having moved in this year, driving the need for new office space.


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