This 3.6-hectare site housed the old dwellings of Caiwuwei Village, an area known for its bad environment, insufficient transportation infrastructure, and degraded buildings. The developer took the initiative to form a company with the villagers (a Joint Development Initiative), Caiwuwei Co. Ltd., for a new model for the district that would benefit everyone. The existing buildings were mainly run-down housing with inadequate living conditions. The old residences were replaced with new resettlement housing on the same site. Seven towers of the development are for reprovision of the residential and commercial space of the villagers, and three of the seven are housing for the villages to rent out. The new development has created an area that provides a higher quality of life for the original residents. It provides them with their own space and a rental apartment for them to obtain rental income. The Joint Development Initiative takes up a large amount of the site and therefore to be financially viable for the developer the most effective solution was to build a mixed-use high-rise tower and retail podium to offset the costs. Planning work was initiated by Shenzhen Government in 2002 with the goal of redeveloping the area into Shenzhen’s main Financial District.