28 Oct '13, 7pm

Robert De Niro invests in Shanghai property complex

Robert De Niro invests in Shanghai property complex

A US consortium that includes famed actor Robert De Niro plans to develop a huge property project in a historic area of China’s commercial hub Shanghai. “Project 179″ near the city’s waterfront Bund district will transform four vacant buildings into an 850,000-square-foot complex. The four existing buildings mainly date from the 1920s and 1930s. Set to open in 2016, the complex will include a boutique hotel, retail stores, a cinema and a performing arts centre, the statement said. The project will also construct a new building. “By ensuring a design that reflects the vibrant history of Shanghai, Project 179 can serve as a jewel in its crown: ushering in a bright future while paying homage to its rich and storied past,” De Niro said. Shanghai’s Bund is a strip of land along the river that cuts through the city, lined with grand buildings that once housed the city’s biggest ...

Full article: http://www.luxuo.com/luxury-locations/robert-de-niro-shan...

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