Global property company Hines has been chosen to develop a 54-storey mixed-use project on land called Site #60 in Shanghai’s Jing An business district.
The development will have four below grade levels and comprise 156,000 m2 in total – including 134,000 m2 of offices and 22,000 m2 of retail. The project will sit adjacent to a new subway station along metro line 13, which is under construction.
The scheme will anchor a new mixed-use development area, called the Suzhou Creek Riverfront Modern Service Industry Hub, which borders Suzhou Creek to the north, a new public park and natural history museum to the south, the North/South Elevated Expressway to the east and an established high-end residential district to the west.
Hines senior managing director James Morrison said: “We look forward to contributing a new, high-quality office project to Shanghai’s already impressive skyline.”
Hines entered the Chinese real estate market in 1996.
