{"id":10165,"date":"2016-02-29T03:01:31","date_gmt":"2016-02-29T08:01:31","guid":{"rendered":"https:\/\/thatdope.com\/travel\/robert-de-niro-invests-in-shanghai-property-complex\/"},"modified":"2016-02-29T03:01:31","modified_gmt":"2016-02-29T08:01:31","slug":"robert-de-niro-invests-in-shanghai-property-complex","status":"publish","type":"post","link":"https:\/\/thatdope.com\/travel\/robert-de-niro-invests-in-shanghai-property-complex\/","title":{"rendered":"Robert De Niro invests in Shanghai property complex"},"content":{"rendered":"
<\/p>\n
<\/a><\/p>\n A US consortium that includes famed actor Robert De Niro plans to develop a huge property project in a historic area of China\u2019s commercial hub Shanghai.<\/p>\n \u201cProject 179\u201d near the city\u2019s waterfront Bund district will transform four vacant buildings into an 850,000-square-foot complex.\u00a0The four existing buildings mainly date from the 1920s and 1930s.<\/p>\n 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.<\/p>\n \u201cBy 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,\u201d De Niro said.<\/p>\n Shanghai\u2019s Bund is a strip of land along the river that cuts through the city, lined with grand buildings that once housed the city\u2019s biggest banks and companies.<\/p>\n The project participants include Tribeca Enterprises, a diversified global media company set up in 2003 by De Niro and two other partners. Commercial terms were not disclosed.<\/p>\n The US consortium is cooperating with the government-backed Shanghai Bund Investment Group, which won the right to develop the property in 2011.<\/p>\n