Modern Plaza (Zhongguancun) in Beijing

Overview

Modern Plaza, known as Zhongguancun Plaza (中关村广场), is located at the northwest intersection of Danling Street and Zhongguancun Street in Haidian District, Beijing. It is situated in the heart of Zhongguancun, a tech hub often referred to as “China’s Silicon Valley.”

Historical Background

On July 14, 2022, the urban renewal project for Zhongguancun Plaza was announced. By August 10, 2023, construction officially commenced. This project encompasses six plots (A, B, C, D, E, and a wedge-shaped area) covering about 105,000 square meters with a total construction area of approximately 200,000 square meters.

Project Details

The urban renewal project aims to develop the eastern commercial district (wedge-shaped area), and the western districts A and B, designated for commercial use, equipment housing, and parking. The total area under renovation is about 118,800 square meters, with completion expected for the western area in December 2024 and the eastern area by the second quarter of 2025.

Location

Zhongguancun Plaza is conveniently situated at the northwest intersection of Danling Street and Zhongguancun Street in Haidian District, Beijing. It boasts an impressive underground shopping area, once touted as “China’s largest underground shopping center,” with a total construction area of approximately 200,000 square meters, including 140,000 square meters of commercial space and a parking garage of 60,500 square meters.