Former industrial manufacturing site transformed into cultural creative hub
By Zhu Lixin | China Daily | Updated: 2024-07-09 09:24
As of last year, more than half of the area had been redeveloped, with over 2,000 jobs created and revenue of 350 million yuan ($48.1 million) generated. The revenue is projected to reach 700 million yuan this year, according to Li Ruifeng, general manager of the park's developer Hefei Binhu Group.
Through the redevelopment, Hechai 1972 has unleashed the immense potential embedded within land-use planning by diversifying land uses from the original two categories to six.
"The project development has facilitated the complete access to nine roads encircling the area, coupled with kindergartens, primary schools, community centers serving local residents, markets and parking lots, all fulfilling the infrastructure needs in the near vicinity," said Li.
Zhou Ping, general manager of Hefei Yipai Media, said he decided to relocate his company to the park late last year.
"The park's identity as a cultural and entrepreneurial hub aligns perfectly with the company's business model, for example, providing access to national-level cultural innovation policies and excellent transportation links," said Zhou.
