The name of this project is
Century metropolis
With total investment of RMB4.6 billion Century Metropolis is Super Commercial Center of Century Boulevard, which has stepped into initiation phase. As scheduled, the parts of project are expected to be put into use on the occasion of the opening of Shanghai World Expo by 2010. It is learned that located in the middle of Century Boulevard, Century Metropolis consists of Zhangyang Road, Fushan Road, Weifang Road and Dongfang Road in the form of rectangle. According to the planning, the transfer hub of four rail transport lines of No.2, No.4, No.6 and No.9 will be set in this land parcel. With total building area of 380 thousand square meters, Century Metropolis will be one of the centers where the urban modern service industries combining commerce, culture, entertainment, office and hotel function get together.
Century Avenue Project
The site is located at the heart of the Shanghai Pudong New District, occupying a unique position at the mid point between Lujiazui Financial Centre and Hua Mu Cultural Administrative District.
Located above the interchange station of four major Metro lines and being the connecting point for three tunnels, the site enjoys seamless transition and convenience, and is considered one of the most important planned strategic transport interchanges in the Shanghai City.
Being the core development of future Pudong commercial district, the site occupies a site area of over 547,000 sq ft. with a total gross floor area of 2,325,000 sq ft. It will be developed into an integrated complex consisting of high end shopping centre, five-star hotel and Grade-A office tower on top of a large-scale Metro interchange station.
Li Ka-shing Invest Five Billion in Century Metropolis
Shanghai Lujiazui Finance &Trade Zone Development Co., Ltd ( SLDC ) announced on December 20th that its affiliated Shanghai Lujiazui Finance &Trade Zone Jointed Development Co., Ltd 55% of whose shares it holds and Hutchison Whampoa Properties Ltd. owned by Li Ka-shing have entered into a cooperation agreement, according to which the two parties shall make an investment of two billion and five billion RMB respectively in jointly development the large-scale comprehensive business and trade project Century Metropolis .
The land where the project is to be carried out is Section 2-3 and 2-4, the core part of Lujiazui Finance and Trade Zone. It is on both sides of the Century Avenue and surrounded by Dongfang Rd., Zhangyang Rd., Fushan Rd. and Weifang Rd. with a gross size of 89,200 m2 and land construction area of approximate 380,000m2. Shanghai No. 2, No. 4, No. 6 and No. 9 subway lines are planned to be met in this area.
The Century Metropolis, which will be a concentration of business, cultural, entertainments, hotel and office activities when completed, will become the most competitive modern service concentration area in Shanghai downtown, therefore, will play a considerable role in improving Pudongs modern service industry.
Blessed with advantages such as favorable location, convenient transformation, etc., the area where the project is located enjoys the reputation of land king . After the public bid for the use and transfer rights of this land among such property or commercial big names as Hutchison Whampoa Properties Ltd., Sun Hung Kai Properties Limited, Swire Pacific Limited, and Shanghai Brilliance (Group) Co., Hutchison Whampoa Properties Ltd. won the bid with the bidding price of 4.56 billion RMB, or 12,000RMB per m2 which sets a record in respect of commercial buildings in this area.
There is another new tower under construction at the entrance of Century Avenue :
And I think there is another new building yard on the other side of Century Avenue, on the plot next to the POS Plaza.
Century Boulevard construction offensive (from Pudong Goverment site)
Two sides of Century Boulevard will be the next development highlight after Lujiazui central district. Currently, among 49 key projects built and to be built in Lujiazui functional district, there are 12 construction projects at the two sides of Century Boulevard, mainly including Gezhouba Mansion and Century Metropolis. Among these, there are 11 projects that have been proposed with amount of investment accounting for 26.24% of the total amount of investment. The Person-in-charge of Lujiazui Functional District Management Committee of Pudong New Area said it will build Century Boulevard into the world-class boulevard for sightseeing, commerce, transport, culture and recreation.
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When did they clear that area? I was there in late February/early March and if I remember correctly that area was fully occupied. Damn they're fast!
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