As the traditional commercial real estate market experiences a plateau in growth, commercial complexes such as Wanda Plazas and Joy-City Shopping Malls grapple with financial challenges.
As the traditional commercial real estate market experiences a plateau in growth, commercial complexes such as Wanda Plazas and Joy-City Shopping Malls grapple with financial challenges. Their rapid expansion and uniform business models have given rise to new concepts emphasizing innovation, diversity and interactivity. One such example is Chengdu’s Eastern Suburb Memory, a commercial zone revitalized from former workshops, catering specifically to Gen Z with a blend of brands, boutiques and innovative online and offline business models. In Hangzhou, a comprehensive community developed by property giant Vanke seamlessly integrates with Liangzhu Village, known for its Neolithic ruins. Today, developers recognize the critical role of creativity in preserving land for future generations, emphasizing the importance of innovative approaches in commercial real estate development.
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