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Underground shopping mall completed soon
22/10/2004 17:34

Jane Chen/ Shanghai Daily news

Construction of Shanghai's largest underground shopping mall is expected to be completed by the end of this year, according to Zhabei District's commercial commission planning department.
The 10,000 square meters mall will be under a 40,000-square-meter greenland at the heart of what is to date the largest property project in Zhongxing City in Zhabei, north of the city.
Because the project is expected to attract 100,000 residents with a corresponding huge customer flow, the shopping mall has aroused wide interest from retailers since its planning stages, particularly hypermarket operators, according to Zhabei's commercial officials.
Preferential policies will be offered, they noted.
Carrefour, E-Mart and Trust-Mart are competing to enter the mall. US-based Wal-Mart is also reportedly planning to enter. The winner is not yet clear. 
It is the greenland above the shopping mall and a nearby parking lot that make the mall so attractive to business operators, industry insiders pointed out.
Construction of the greenland is scheduled to be finished next year and the parking lot, which is till under planning, will be the biggest parking lot in the district.