Core Viewpoint - The "Panyu White House" project, formerly known as Lijiang Mingzhu Hotel, is undergoing significant renovation, transforming into a commercial complex named "Rongyu" with an area of approximately 100,000 square meters, while preserving the iconic circular dome structure [5][6]. Group 1: Project Overview - The project has been included in the city's first batch of dilapidated housing renovation pilot projects, with two dangerous buildings set for demolition [5][6]. - The renovation is driven by the need to address outdated infrastructure issues, as the original hotel faced operational difficulties due to aging facilities [6][7]. Group 2: Renovation Details - The final renovation plan includes the demolition of two old buildings and the construction of a new five-story commercial building, while three existing buildings will undergo exterior repairs and internal renovations [7]. - The project will also feature a two-level underground parking garage of approximately 20,000 square meters, providing over 300 car parking spaces and 900 bicycle spaces [7]. Group 3: Business Strategy and Market Positioning - The project has achieved over 70% pre-leasing, focusing on a park-style commercial theme that includes lifestyle, cultural arts, pet-friendly spaces, dining, and entertainment experiences [8]. - A 16,000 square meter sports and entertainment experience center will be introduced, featuring AR sports and VR gaming for immersive experiences [8]. - The renovation aims to create job opportunities and inject economic vitality into the region, contributing to urban prosperity [8].