1933 - From slaughterhouse to design center

Before the renovation
(through Sinosplice)

The Shanghai Foreign Correspondents Club organized last night a wonderful evening on the state of the Shanghai real estate. Patrick Kelly, Director – Commercial, Shanghai for Cushman Wakefield first answered the question "Bubble or balloon" by just giving figures and anecdotes. Quite obvious there is no bubble looming for the next years, not in the top-end of the office, retail and residential markets, but also not down the line.

Then Paul Liu, in a previous life responsible for the development of Three on the Bund, explaining the ideas behind a new project "1933". A new fashionable design center concentration in and around the former Shanghai Slaughterhouse at Shajing Road in the Hongkou district. Reaction in the room where initial sceptical, of course it is nice to have yet another high-end Disneyland-like attraction in Shanghai, but...
Paul Liu explained that his assignment was to develop something that was certainly "not something like Xintiandi" where the old inhabitants were removed for a fake reflection of the old Shanghai. They have set strict standards for the tenants and the beverage part is actually going to be rather limited. Very interesting, I might go there very soon.
More about the project can be found here.