Traditional Culture Encyclopedia - Hotel accommodation - Why was Shanghai International Trade World City abandoned?
Why was Shanghai International Trade World City abandoned?
This project, known as the largest commercial real estate in Shanghai, is called "World Trade Center of Pentagon". Because it is designed and built completely according to the shape of the Pentagon in the United States, it also has a very shocking name, called "Shanghai Pentagon". Of course, many people will add the word "shanzhai". Located in huinan town, Pudong New Area, the project started construction in 2004 and was completed in 2009, with a total construction area of 480,000 square meters. If the third phase is completed, the total area will reach 2 million square meters, which is equivalent to the Pentagon covering an area of 2.36 million square meters.
In the early days, the cottage "Pentagon" sold the shops in Buildings 2 and 3 to retail investors in the form of small property rights, with a total area of 260,000 square meters (of which 60,000 square meters were basements). However, this project is doomed. Since it was put into construction, it has experienced a series of problems, such as equity change, investment failure and owners' rights protection, which led to its failure to operate normally. Until today, the whole commercial project is still deserted, and it has been dubbed by netizens as the largest "ghost town" in Shanghai.
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