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March 15, 2010

Shanghai Shikumen project by Portman approaches completion

Portman House|Jian Ye Li, scheduled to be completed by the end of 2010, is a mixed-use development in the distinctive Shanghai Shikumen architectural style, located in the former French Concession in the heart of downtown Shanghai at Jianguo West Road and Yueyang Road in Xuhui District.
    
It comprises 51 Shikumen style , five-level villas, 62 luxury serviced residences and over 4,000 sq m of retail space. The original Jian Ye Li houses were built in the 1930s in the typical style of Shanghai's Shikumen or stone-arched gate houses.
    
Portman Holdings and HengFu Property Company officially launched the Jian Ye Li project in 2006 to realize the vision of Xuhui District and Shanghai municipal government leaders to breathe new life into this cornerstone of Shanghai's architectural heritage.
    
Construction began in December 2008, after years of research, design and development. Two basement levels were excavated to create space for parking and family entertainment, thus upgrading the villa functions. The old Shikumen villas will be restored to their former glory, incorporating contemporary services and design innovations.
    
Shanghai Portman Jian Ye Li Real Estate Development Co Ltd is a joint venture between Portman Holdings, Shanghai HengFu Property Co Ltd and CPI Asia JYL Ltd. Portman Holdings is leading development and project management, and HengFu is acting as co-developer. John Portman & Associates is the lead architect.
    
The developers have recently announced its partnership with CB Richard Ellis Group (CBRE). According to the contract signed by the two parties, CBRE will be the Residential Marketing Consultant and Sole Sales Agent, as well as Property Management and Retail Leasing Agent for Portman House|Jian Ye Li, the luxury Shikumen villa houses previously known simply as "Jian Ye Li."