City Complex of Wenzhou Binjiang Square Project is jointly built by Wenzhou Industry Investment Group Co., Ltd. and Lucheng District Government, planning to be the future commercial center in the west area of the city and modern city complex including leisure, entertainment, residence and shopping. The project is constructed by Wenzhou Timber Group Co., Ltd., which is located at the foot of Cuiwei Mountain and Huanglong Mountain on Jiangbin West Road, adjacent to Oujiang River in the north, running through Lucheng Road, Jiangbin Road A, B Line and Dongou Bridge, covering a total area of 506 mu, including stock land of 255 mu and state-owned land of 251 mu in Lucheng District, with a planned construction area of about 1 million square meters and the investment of more than 10 billion yuan. The project is planned uniformly, implemented step by step, and carried out in phases. At present, the first phase of 5050 shopping mall and the underground RT-Mart have been opened. The second phase of the houses are ready for use, and the third phase will soon be put into use.
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Wenzhou Timber Group, whose predecessor is Wenzhou Timber Mill founded in 1952, is a key state-owned company affiliated to Zhejiang Forest and Industry Office. Wenzhou Timber Group Company, a key state-owned company in Wenzhou city, was founded in the May of 1991. It merged with Wenzhou Industry Investment Group under the provisions of the integrative recombination of the state-owned property in the December of 2010. The company achieved reconstruction in the August of 2012 and now has changed the company name into Wenzhou Timber Group Co., Ltd.
