'Silicon Valley' planned for China

From Herald Tribune: 'Silicon Valley' planned for China

"Shui On Land, the China property unit of Shui On Construction & Materials of Hong Kong, said Thursday that it planned to invest 10 billion yuan, or $1.2 billion, to develop a community in Shanghai modeled on Silicon Valley in the United States.

The Chuangzi Tiandi project will include about one million square meters, or 11 million square feet, of floor area, 40 percent residential and 60 percent commercial, on an 84-hectare, or 207-acre, site.

The architectural firm Skidmore, Owings & Merrill is master plan consultant for the project in Shanghai's Yangpu district, Shui On said. It will contain a technology park, offices, retail space, apartments and leisure, cultural and recreational facilities. The first phase is scheduled for completion in the second half of 2005."