Ties That Bind - Bay Area Council Economic Institute

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88 Ties That Bind Gensler has designed some 60 projects in China. Fiscal 2005 China revenues totaled around $6 million. Among its signature projects, all in the Shanghai area, are a sustainable high-tech campus design for Shanghai Pudong Development Bank; the Wangbaohe Central and Pudong Hotels; the Soufa and Shanghai Shimao Sheshan Hotel and Conference Centers; and the 400,000-square meter Nanjing Road West master plan to revitalize the western third of Nanjing Road as an upscale shopping street, while creating five new districts and preserving historic sections. Skidmore, Owings & Merrill (SOM) has completed, designed, or has under construction some 100 projects in China, and the China market has accounted for nearly one-third of the San Francisco office’s annual revenues since 2000. SOM’s first project in the country was the Industrial and Commercial Bank of China headquarters building in Beijing in the early 1990s. Subsequent projects included the Suzhou International Convention Center; the Lenovo corporate headquarters in Zhongguancun, Beijing; the Architectural Record/Business Week award-winning Jianianhua Center in Chongqing; and the 88-story Jin Mao Tower in Shanghai’s Pudong commercial district, which features 50 stories of offices, a 555-room Grand Hyatt Hotel on the top floors, and a sixstory retail/theater/conference complex podium. The Jin Mao Tower is the tallest commercial building in China. Left: Jin Mao Tower, Pudong District of Shanghai Artist Credit: Gartner Photography Source: SOM Right: Jin Mao Tower atrium. Artist Credit: Heinrich Blessing Photography Source: SOM In the late 1990s, SOM partnered with Hong Kong developer Vincent Lo’s Shui On Group to plan a seminal $3.5 billion redevelopment of Shanghai’s Taipingqiao district. The first phase of this project was a $175 million preservation/modernization of the Xintiandi neighborhood, completed in 2002. The modest brick meeting hall in which the Chinese Communist Party was founded in 1921 was restored; the façades of other 1930s buildings were restored, and their interiors gutted, to accommodate restaurants and shops; and a neighborhood park and lake were constructed. The larger Taipingqiao project will be completed by 2010. Xintiandi is now a thriving entertainment district with restaurants, theaters, and clubs. The success of the master plan— and SOM’s insistence that historic structures be preserved—set a new model for development and preservation in China that may help save similar districts and buildings in other areas.
Bay Area-China Trade: Behind the Numbers Shanghai Waterfront Redevelopment Master Plan Artist Credit: Christopher Grubb Source: SOM Xintandi and Shui-On Shanghai Luwan Master Plan Source: SOM SOM also master planned a redesign of Shanghai’s waterfront (known worldwide as the Bund), embedding the idea of public access into one of China’s most vibrant areas. SOM’s approach to waterfronts—repurposing a traditionally commercial place so as to engage the public—was also evident in its redevelopment of Hong Kong’s central waterfront (1999), and its “green island” plan for Shanghai’s 750-square mile Chongming Island. The Chongming plan includes green transportation and other infrastructure, and preserves wetlands, forests, and agriculture. SOM is working with local design institutes and contractors to set new technical standards for building, including a commitment to sustainable design. Three “green” buildings currently on the boards include the Nanjing Greenland Financial Center, a three-tower office, hotel and residential complex (2007); the dual-skin, energy-efficient 50-story Jinao Building nicknamed the “Infinite Tower,” also scheduled for completion in Nanjing in 2007; and the 69-story, solar and windpowered Pearl River Tower in Guangzhou, headquarters for the CNTC Guangdong Co., to be completed in 2009. Beijing Finance Street, a 22-building, SOM-master-planned hotel, retail, office and housing complex in the capital city’s financial district, is also currently under construction. The complex creates a new central business district for the city and will help welcome the world for the 2008 Olympic Games. Looking ahead, SOM has several projects in design, including a two-million 89
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The Bay Area Economic Forum wishes
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Bay Area Economic Forum 201 Califor
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Table of Contents Introduction ....
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Introduction About This Report The
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Introduction dollar-denominated ass
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Introduction practices of their sup
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Executive Summary The San Francisco
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Executive Summary As Silicon Valley
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Executive Summary 8. Establish regi
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1 A Rich History of Work and Reward
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A Rich History of Work and Reward m
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A Rich History of Work and Reward t
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A Rich History of Work and Reward T
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2 New Networks Emerge The Bay Area
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New Networks Emerge With scholarshi
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New Networks Emerge nomic Law; the
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New Networks Emerge and academics f
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New Networks Emerge schools on the
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New Networks Emerge Hong Kong and T
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New Networks Emerge financing—ban
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New Networks Emerge Since the mid-1
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Building Bridges, Leveraging Assets
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Building Bridges, Leveraging Assets
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Acknowledgments This report was co-
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Walter Reichert Hewlett-Packard Co.
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Sources Introduction American Chamb
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Sources Hicks, John D. “The Ameri
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Financial Services Sources “A Gre
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Sources Schmitt, Kellie, “Lost Ho
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Sources Guerin, Didier, “Human Ca
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Sources Cooper, Chris, Ken DeWoskin
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Sources Liou, Fu Tai, “How Taiwan
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