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Families move out to make way for Bund redevelopment
By Bob Yang |
July 27, 2013, Saturday
|
Print Edition
Print Edition
TWELVE households have been relocated from their homes around the Bund, making way for the Bund Financial Zone development, Huangpu District government said yesterday.
These are the first of 885 households in four blocks who will be moved as part of the old town development project of the Bund area, a district information office official said.
The official did not give a timetable for these moves.
Living conditions in the houses - dating from the 1920s - are poor, so most residents are willing to move to new homes in mostly outlying areas of the city, said the official.
Some 85 percent of residents have signed contracts agreeing to move, the official added.
The Bund Origin renovation project, on the southern side of Suzhou Creek where it converges with the Huangpu River, started a decade ago,
Part of the remit is to revive the beauty of classic architecture in the area.
The project also includes office buildings, hotels, commercial and recreational facilities.
As a landmark of the forthcoming stage, Central Mall and nearby buildings on Nanjing Road are being renovated and will reopen to the public as the Bund Center in 2016.
For decades it housed a popular electrical goods market.
"After the renovation, the building will become a shopping mall, home to flagship stores of popular clothes brands," said Zhou Haiying, chairman of the Shanghai Bund Investment (Group) Co Ltd, the government-backed developer of the Bund Financial Zone.
The neo-classical, European-style Central Mall building, which dates from the 1930s, and many of its historic features will be preserved, Zhou said.
Meanwhile, the Jazz at Lincoln Center Orchestra is to stage regular performances at the Bund Origin. Yesterday, members played for children from low-income families at Bund Origin No. 1, the former site of the British Consulate.
These are the first of 885 households in four blocks who will be moved as part of the old town development project of the Bund area, a district information office official said.
The official did not give a timetable for these moves.
Living conditions in the houses - dating from the 1920s - are poor, so most residents are willing to move to new homes in mostly outlying areas of the city, said the official.
Some 85 percent of residents have signed contracts agreeing to move, the official added.
The Bund Origin renovation project, on the southern side of Suzhou Creek where it converges with the Huangpu River, started a decade ago,
Part of the remit is to revive the beauty of classic architecture in the area.
The project also includes office buildings, hotels, commercial and recreational facilities.
As a landmark of the forthcoming stage, Central Mall and nearby buildings on Nanjing Road are being renovated and will reopen to the public as the Bund Center in 2016.
For decades it housed a popular electrical goods market.
"After the renovation, the building will become a shopping mall, home to flagship stores of popular clothes brands," said Zhou Haiying, chairman of the Shanghai Bund Investment (Group) Co Ltd, the government-backed developer of the Bund Financial Zone.
The neo-classical, European-style Central Mall building, which dates from the 1930s, and many of its historic features will be preserved, Zhou said.
Meanwhile, the Jazz at Lincoln Center Orchestra is to stage regular performances at the Bund Origin. Yesterday, members played for children from low-income families at Bund Origin No. 1, the former site of the British Consulate.
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