When will Chongqing Foreigner Street be moved? Where will Chongqing Foreigner Street be moved?

Friends in Chongqing all know such a place, that is Chongqing Foreigner Street. The older generation of people in Chongqing must have this memory. It is a place full of memories, but this place will soon be destroyed. It has been demolished. Now I will tell you about the demolition.

When will Chongqing Foreigner Street be moved

Before April 15, 2020

Where will Chongqing Foreigner Street be moved?

Maxim’s also confirmed , Foreigner Street is indeed going to be relocated, but there is no timetable yet for when and how it will be relocated.

Maxim’s Group plans to use Red Wine Town as a baton to undertake the relocation of Foreigner Street. The successful experience accumulated during the development of Foreigner Street will be replicated in Fuling. At present, in addition to Maxim's Group's three major wine stores and various accommodation and entertainment projects, more than 100 merchants have settled in the wine town.

After 12 years of National Entertainment Center, Foreigner Street is about to move and bid farewell to the historical stage

Foreigner Street is located in the Danzishi area of ??Nan'an District. More than 10 years ago, there were few large-scale real estates in the surrounding area.

Around 2003, because a section of Chongqing where the Yangtze River flows was plagued by floods and the investment in building berms was huge, the city government mobilized powerful companies to participate in the project as a joint commitment. Companies can obtain development rights on coastal land.

In 2006, Foreigner Street was built, gradually revitalizing the popularity of the Danzishi area.

Since the second half of the year, rumors that "Foreigner Street is going to be relocated" have spread rapidly. By the beginning of the year, the speculating citizens finally saw some concrete evidence.

1. At the beginning of the year, the current “owner” of Foreigner Street, a property company affiliated with Chongqing Maxim’s Group, put out a series of notices and slogans.

“Due to policy reasons, the agreement will not be renewed upon expiration”, “Maxim’s Foreigner Street is not a place to return to”, “if the heart is not gone, the money will not be gone”. And gave a timetable: to return the lease before April 15th.

Reason for relocation:

Maybe related to government planning and regional positioning

Regarding the reasons for the relocation of Foreigner Street, Yang Xiaoyong, the head of foreigner Street publicity of Maxim’s Group, told reporters , may be related to the government's macro-planning.

At first, the business format of Foreigner Street was guaranteed by land use. However, with the development of the city and the construction of the Central Business District, this part of the land has more important and valuable options. The tourism format and projects of Foreigner Street have become more and more important. Need to move. On the other hand, with the development of urban public transportation, the time from Chongqing to surrounding areas has been shortened, making it possible to move to surrounding areas.

There should be space guarantees when Foreigner Street is moved to Fuling, and there will definitely be a certain impact on the market. However, the market problem may be resolved through further promotion and selective marketing strategies.

In addition, Chongqing has clearly upgraded Danzishi CBD from a functional supporting area to a core area, alongside Jiefangbei and Jiangbeizui. In April last year, China (Chongqing) Free Trade Pilot Zone was also officially listed in Danzishi. As a national amusement park, Foreigner Street may not be in line with the international positioning of Danzishi CBD. This area has higher value options and more important functional positioning.