Meeks + Partners recently took part in an international press conference in the Chinese capital city of Beijing. The event, which was held withinthe Summer Palace gardens, celebrated the grand opening of Majestic Mansion, a master-planned luxury residential community situated on 90 acres at the northwestern edge of the Summer Palace.Located in a highly desirable section of Beijing known as the Haidan District, Majestic Mansion is the fi rst major residential project in the immediate area, replacing aging housing structures. The location, which is surrounded by hills, with views of the Summer Palace and its lake, has long been prized by the imperial dynasties for its natural beauty. The site also contains a school, a soccer fi eld and government buildings, which have been preserved.Because of Majestic Mansion’s proximity to government buildings and high-ranking government offi cials’ residences and offi ces, Meeks + Partners was made aware of the highly sensitive nature of the development. In that context, the property is being marketed only to a select class of elite Chinese citizens. Majestic Mansion is the only major luxury residential community being developed in Beijing that is not a high-rise.Upon completion, the development will constitute 467 units and include two country clubs on site: one that will cater for large public gatherings and the other, for the exclusive use of its residents. The larger clubhouse, which currently is under construction, will encompass 100,000 square feet and include banquet, ballroom and meeting facilities, restaurants, various sports courts, an indoor/outdoor swimming pool as well as underground parking.Majestic Mansion is being developed in four phases. Phase I, which is set on 10.5 acres, encompasses seven buildings and 67 units ranging in size from 3,000 to 10,000 square feet. To date, more than half have been sold, representing $50 million in sales. The developer for this project was Greentown China. The luxury homes will be completed in early December 2007.

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