Self-redevelopment of the No. 1 Silk Factory — Conservation Through Use, Suzhou
苏州市第一丝厂自主更新以用促保
China's oldest silk-reeling mill, on the moat at the southern gate of Suzhou's old city, was redeveloped by its own company as a culture, retail and hotel quarter for its 2026 centenary. Land use changed from industrial to commercial; the land premium of nearly CNY 70 million was assessed net of the high cost of building a basement car park around protected trees and heritage buildings.