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| Hines to develop office tower and retail in Shanghai location Hines, the international real estate firm, announced that it was chosen as the successful bidder for a site in Shanghai's prestigious Jing An business district. The firm announced plans to develop a 54-story mixed-use project on the 17,940-square-meter (193,034-square-foot) parcel, called Site #60. The development will comprise approximately 156,000 square meters (1,678,560 square feet) in total – including 134,000 square meters (1,441,840 square feet) of office and 22,000 square meters (236,720 square feet) of retail, and will include four below-grade levels. The transit-oriented project will sit directly adjacent to a new subway station along METRO Line 13, which is currently under construction. Site #60 is bordered by Xin Zha Lu to the north, Datian Lu to the east, Shanhaiguan Lu to the south and Cixi Lu to the west. It is approximately 200 meters north of Beijing Road West. The project will anchor a new mixed-use development area, called the Suzhou Creek Riverfront Modern Service Industry Hub, which borders Suzhou Creek on the north, a new public park and natural history museum to the south, the major North/South Elevated Expressway to the east and an established high-end residential district to the west. write your comments about the article :: © 2013 Construction News :: home page |