Swire Properties recently announced that Taikoo Li Sanlitun West, an urban regeneration project in Beijing's Chaoyang District, was officially launched. The new complex is situated to the west of the existing Taikoo Li Sanlitun retail development which was opened in 2008.
     The ten-storey (two-storey underground and eight-stories aboveground), approximately 27,500 sq m building that makes up Taikoo Li Sanlitun West was transformed from the former Yashow Building – previously a clothing market owned by Beijing Kuntai Group. In 2017, Swire Properties entered into a long-term lease agreement with the Group to renovate the Yashow Building, which has been repositioned as a trendy lifestyle destination that features a mix of chic fashion outlets along with F&B, health and fitness, lifestyle and entertainment elements.
     Designed by Arquitectonica, the renovation project involved a major reconfiguration of the building's existing layout into an expansive floor space, a complete makeover of the exterior into a mega-sized glass facade, and the upgrading of facilities such as lifts, elevators and lighting to enhance the visitor experience. The surrounding streetscape has also been enhanced, with works including an upgrade to Yaxiu East and West Roads, improved accessibility via a multi-level circulation and additional landscaping making the area more pedestrian-friendly and suitable for the staging of arts and culture-related activities. The renovation has been undertaken to improve connectivity, add vitality and to further upgrade the commercial ambience of the entire Sanlitun area.
     In August 2021, Swire Properties signed a framework cooperation agreement with the People's Government of Chaoyang District and Beijing Public Transport Corporation to jointly transform a maintenance plant situated to the north of Taikoo Li Sanlitun into a new cultural and commercial destination.