Hollywood actor Robert De Niro has been named as one of the investors in a new mixed-use complex featuring a boutique hotel inspired by 1920s Shanghai, in China.
De Niro has partnered with the site’s owner Shanghai Bund Investment group, as part of a US-Chinese business partnership which will see the conversion of four vacant buildings and the build of a fifth.
Named after the municipally-designated blocks of land it is built on, Project 179 will be a 76,500 sq m development on Shanghai’s waterfront, featuring an arts centre, cinema, global retailers, as well as the design-led hotel.
De Niro commented: "By ensuring a design that reflects the vibrant history of Shanghai, Project 179 can serve as a jewel in its crown: ushering in a bright future while paying homage to its rich and storied past."
The actor, who has starred in films including the Taxi Driver and Goodfellas, said he hoped to establish the Bund district as one of the “premier visitor destinations across the globe”.