2/8/2018 – Institutional Real Estate, Inc.: San Diego firm to build $12b Shanghai community
BY ANDREA ZANDER
Gafcon has been selected to lead the planning and development process for the Zizhu Purple Bay residential community, a megaproject on a 800-acre waterfront site along the Huangpu River located 18 miles south of the Bund of Shanghai.
The community will enhance a growing urban center with yacht homes, condos, a nature and education center with an approximately 125,000-square-foot aquarium and botanical garden, a rowing club, and a community services district with a health clinic, senior housing, youth center and multiple schools. Construction is underway on portions of the Purple Bay site with the Gafcon-led Phase 2 master plan beginning in March of 2018 on the 800-acre InnoTown business, technology and university hub, with an active marina and a walkable downtown center.
When complete, Purple Bay will be a world-class waterfront community that incorporates a variety of residential and commercial developments with a focus on high-tech industry and educational institutions. The list of committed tenants includes University of Southern California, General Electric and Coca-Cola.
The Purple Bay project builds on the vision of the 70-acre Seaport San Diego, a reimagining of a popular, urban, waterfront development. The Seaport San Diego project is being led by Gaffen’s development company, Protea Waterfront Development, and includes members of the Purple Bay team, including AVRP Skyport, the project’s architect.