Page 96 - JCAU-6-1

Journal of Chinese
Architecture and Urbanism Urban regeneration market mechanism research

assistant of the community committees to communicate enterprise in the park transformed the original one-story
with residents and designers to promote the formation of factory building into two stories, of which the second story
the design (Figure 3). is used as a meeting, office, research, and development
space, and the first story is used for mechanical testing and
4.2. Economic growth-oriented governance production. The business owner said that such a space can
structure meet all the needs in its industrial chain, and the rent is
Economic growth-oriented governance structure mainly lower than that of the surrounding office space. In terms
exists in the regeneration projects of old factory buildings, of subject cooperation, under the comprehensive support
old office buildings, and other commercial and industrial of the district government’s financial subsidies, industries
buildings. The property rights of such projects are mainly introduction, and policy provisions for transitional use of
privately owned by enterprises with few historical issues, functions, BBMG Group, the property owner, as the main
such as property rights disputes. This kind of governance investor, organizes reconstruction and transformation,
structure can obtain a large economic value-added introduces, and cultivates various enterprises through
characteristic through quality improvement, function leasing operations, and then obtains rent and tax income,
replacement, and other means, with the highest market as well as paying taxes to the government. At present, the
mechanism in all the regeneration projects. park is nearly fully rented and has attracted more than 200
Jinnovation Park was originally the furniture technology companies and more than 5000 technology
production plant of BBMG Group, a municipal state- talents. According to the staff of BBMG Group, in 2021,
owned enterprise, covering a land area of 200,000 sqm the total production value of the park exceeded 5 billion
with a total construction area of 120,000 sqm. In 2016, with yuan. Compared with the original traditional furniture
the overall migration of the hospital furniture production manufacturing industry, the unit output value has
function to Hebei, BBMG Group and the Haidian District increased by nearly 10 times. The government also believes
Government jointly planned to build a professional that the transformation and upgrading of the traditional
technology industrial park with the goal of “big information manufacturing industry has been fully realized, and the
and intelligent manufacturing,” relying on surrounding industrial space has been vacated (Figure 4).
technology resources and using idle factories. In terms 4.3. Integrated development-oriented governance
of space utilization, on the premise of not increasing the structure
overall area of the park, more than 85% of the high-lifting
and high-load industrial space in the park is reserved to A comprehensive development-oriented governance
support the spatial needs of innovative enterprises. An structure mainly exists in regional comprehensive urban

Figure 3. Guangming 17 Housing, Dongcheng (Eastern) District, Beijing. Source: Drawings by the authors (Data in the figure are derived from
interviews or project introductions during our research investigation and do not necessarily represent the accurate final data); photos from the
implementation entity

Volume 6 Issue 1 (2024) 8 https://doi.org/10.36922/jcau.0885