Hong Kong mega-collector and developer Adrian Cheng is building a new $1.4 billion beachfront art district in Shenzhen

Art collector and real estate mogul Adrian Cheng is bringing his K11 art mall brand from Hong Kong to mainland China for the first time. He revealed an ambitious plan to build a huge cultural retail center on the waterfront of Shenzhen, the country’s rising metropolis in the southeast region, with contributions from some of the world’s biggest names from art.

Known as K11 Ecoast, the future complex is located in Prince Bay in the Nanshan district of Shenzhen and covers more than 2.4 million square feet, the equivalent of 50 football fields. Worth an estimated 10 billion yuan ($1.4 billion), the site will house a shopping mall, multipurpose art space, office building and waterfront promenade.

Fifty international artists and architects have been tapped to collaborate with Cheng on the project, which represents K11’s first foray into mainland China since its founding in 2008. K11 also operates an art mall in Hong Kong’s bustling shopping district, Tsim Sha Tsui, and the nearby K11 Musea. complex.

Rendering of the “FLOATING GARDEN PAVILION”, rooftop installation at K11, by Sou Fujimoto. Courtesy of K11 Group.

Cheng has recruited a range of star collaborators, including UK architects David Chipperfield, Rem Koolhaas’ OMA and Japanese architect Sou Fujimoto. Chinese artists and international names will also contribute to the art, including public works by British Phyllida Barlow and Polish Monika Sosnowska.

The project is being jointly developed by New World Development Company, one of Hong Kong’s largest property developers founded by Cheng’s grandfather, Cheng Yu-tung, and K11’s parent company, and China Merchants Shekou Holdings in Shenzhen. . It is billed as a “cultural business destination and circular economy pioneer” in the Greater Bay Area, under a key Chinese central government development plan that covers nine cities in southeastern China. China, including Guangzhou and Shenzhen.

K11 Ecoast is expected to open in late 2024.

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