Shanghai Bar District to Be Replicated in Shui On Land Push
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Shui On Land Ltd., which developed the Xintiandi restaurant and bar district from century-old homes in Shanghai nine years ago, plans to replicate the concept near the city’s smaller airport and high-speed rail station.
The Hongqiao Tiandi project will include offices, shops, restaurants, a cultural center and a luxury hotel, Chief Executive Officer Freddy Lee said. The Shanghai-based company paid 3.2 billion yuan ($494 million) for the site and the 280,000-square-meter (3 million-square-foot) project is expected to be completed in two to three years.