China Holdings, Inc. Announces Contracting Perkins Eastman Architect for Its Master Planning of 100 Sq Km Land "China Vegas": A New World Resort City in Inner Mongolia, China
BEIJING & LAS VEGAS--(BUSINESS WIRE)--China Holdings, Inc. (Pink Sheets: CHHL), an asset holding company engaged in land and real estate development in China, announced today that the Company has contracted award-winning planning and architecture firm Perkins Eastman, the largest firm in New York and the one of the 15th largest architect firms in the world, to provide planning and architectural services to the Master Planning of 100 sq km land for "China Vegas - A New World Resort City" in Inner Mongolia, in the People's Republic of China.
China Holdings, as the Master Developer and the Master Planner, controls 800 square kilometers of land in Inner Mongolia in China. The Company is developing the central 100 square kilometer land for its "China Vegas - The New World Resort City" in Inner Mongolia, China.
"China Vegas - The New World Resort City," with a future population of 5 million residents when complete, will be built around a 500 hectare (1,235 acre) urban center that will contain a large destination resort complex comparable to Las Vegas in the United States. "China Vegas" is very close to the capital of China, Beijing (45 min by air, and 4-5 hours by train), and its population of 20 million. China Holdings is planning to break ground for "China Vegas - The New World Resort City" in 2010-2011. The City Center is expected to be in operation in 2014-2018 approximately.
"China Vegas - The New World Resort City" will incorporate:
- Commercial buildings, office buildings, residential development, shopping centers, casinos, golf courses as well as horse racing facilities and recreation and entertainment facilities
- The entertainment destinations, including: Five-star hotels, Themed casinos, Pedestrian skyways linking hotels to casinos, Boutiques, Restaurants
- Theatrical destinations, including: Broadway-style musical theater, Las Vegas-style floor shows, Traditional Chinese theater, International and Chinese movie premiers
- The sports destinations, including: Golf courses with a clubhouse and golf academy and bordered by 250m2 to 500m2 villas, Exhibition hall, Stadiums suitable for Olympic events, Tennis courts, Equestrian center, Car and motorcycle racing, Horse race track
China Holdings has contracted award-winning planning and architecture firm Perkins Eastman, the largest firm in New York and one of the 15 largest architect firms in the world, to provide planning and architectural services for its Master Planning of the 100 sq km land for "China Vegas - A New World Resort City," including: 1. A City Framework Plan (100 km2); 2. Entertainment Precinct Plan (20 km2); 3. Resort Center Plan (5 km2): A detailed City Center Plan/Land Parcels Plan for 5 km2 central focus of the Entertainment Precinct depicting a concept design for a hotel, retail, and entertainment core. The Master Plan of "China Vegas - The New World Resort City" will be completed in the next 8 to 10 months.
About Perkins Eastman
Perkins Eastman (www.perkinseastman.com) is the largest architectural and planning firm based in New York and one of the 15th largest firms in the world. Perkins Eastman provides award-winning design through its domestic offices in New York, NY; Boston, MA; Arlington, VA; Charlotte, NC; Chicago, IL; Oakland, CA; Pittsburgh, PA; and Stanford, CT; and internationally in Dubai, UAE; Guayaquil, Ecuador; Mubai, India; Shanghai, China; and Toronto, Canada. The firm is also active in China in 13 provinces in the projects' planning, such as: the Shanghai World Expo, the headquarters of the China Academy of Science in Beijing, etc. Perkins Eastman engages in large planning & design projects around the world and has won more than 200 awards for its practices. For example, the most recent awards in 2009 include several for the TKTS Booth and the Redevelopment of Father Duffy Square, Times Square, New York, NY, Architect Magazine, R+D Award; AIA New York State, Best in New York State; AIA New York State, Design Award: Award of Excellence; New York Construction, Best of 2009 Award: Project of the Year Specialty Contracting; etc.
Perkins Eastman's team for China Holdings' "China Vegas" will be led by Bradford Perkins, FAIA, MRAIC, AICP, the Chairman and founder of Perkins Eastman. His projects have won dozens of awards; most recently the new TKTS Booth in Times Square New York has won more than a dozen awards from design organizations around the globe for its transformational role in the middle of one of the best known urban centers. Roland Baer, AIA, head of Perkins Eastman's urban design studio, has won numerous awards projects including: Barcelona's waterfront; five major destination resorts on Hainan Island; new Madinaty urban center near Cairo, Egypt; and Bhartiya Urban Master Plan near Bangalore, India. Jonathon Stark, AIA, the COO of Perkins Eastman International, also leads many of the firm's large-scale hotels and resort projects. His award-winning projects include a major section of Las Vegas and projects across the US, Northern Africa, and India. His work has won awards recognized by The New York Times, Architectural Record, and Contract.
Ms. Julianna Lu, the Chairwoman & Founder of China Holdings, Inc., commented, "We are honored to contract Perkins Eastman & Its Specialists Team to provide architect & planning services to our China Holdings' 100 Sq Km Land Development: 'China Vegas - A New World Resort City' in Inner Mongolia. We are creating one of the most magnificent new cities in China and the world, and we are creating a world event, a world new resort city in China which will grow into billions & billions revenues city in next 10 to 20 years as spectacular opportunities & contribution to The City, The People, China & China Economy, and to The World & The World Economy."
About China Holdings, Inc.
China Holdings, Inc. (Pink Sheets: CHHL), an asset holding company, controls a total of 800 square kilometers of land in Inner Mongolia, China. The Company is engaged in land and real estate development, energy, and renewable energy businesses in China. The Company, through its subsidiary, China Power, Inc., focuses on the mergers and acquisitions, investment, research and development, construction, and operation of energy, renewable energy, and environmental protection projects, as well as developing renewable energy projects, pipelines in 2000 MW Wind Power Plants/Projects, 250 MW Biomass Renewable Energy Plants/Projects, and hydropower plants in China and worldwide.
New versions of the corporate websites www.chinaholding.net, www.chinaholding.us, and www.chinapower.us will be publicly released soon.
Forward Looking Statement
Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. The economic, competitive, governmental, technological and other factors identified in the Company's filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2008, may cause actual results or events to differ materially from those described in the forward looking statements in this press release. China Holdings, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
