Xujiahui malls make way for redevelopment
Print Edition
XUJIAHUI is getting a facelift with its famous shopping and electronic malls set to be redeveloped into cultural and entertainment venues.
The Buynow Mall’s Metro City branch will clear all its electronic businesses by October, the Xuhui District Commerce Commission said. After a revamp, it will become a fashion and cultural hub.
The Pacific Digital City next door is being demolished. In its place, a small complex for recreation and entertainment will open by 2018, the commission said.
The Grand Gateway 66 mall, once a landmark destination, will also get a new look. More elevators will be added indoors while the 39-step staircase in front of the mall will make way for an outdoor square for performance and street shows.
Yu Yueming, chairman of the Xujiahui Commercial Co Ltd, said sales at traditional malls have been falling since 2009 due to online business.
He said Xujiahui was the city’s landmark commercial area in the 1990s, thanks largely to the shopping malls and Metro Line 1. Business soared between 1999 and 2008 but started to slow after that.
Yu said the Shanghai No.6 Shopping Mall on the Zhaojiabang Road attracts very few customers nowadays. The mall was once the most popular shopping mall in the city.
Besides online business, the advantage of early development of the Xujiahui commercial area had begun to wear off. The high residential density and housing prices also worked to its disadvantage, said Yu Mingyang, an economics professor with Jiao Tong University.
Meanwhile, the district’s top planning body said that the Xujiahui Center will complete the first phase of its project on Huashan Road in March 2017.
The center will be home to offices, commercial ventures, and food and beverages area and will also include hotels.
The project covering 99,189 square meters will accelerate the prospects of traditional businesses nearby, said Shi Fang, director of the district development and reform commission.
The center is being developed by Hong Kong’s Sun Hung Kai Properties Ltd and will include a 360-meter-tall landmark tower building which will be the tallest venue in Puxi.
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