Core Insights - The Tianjin Economic Development Zone has transformed the old Tianjin First Machine Tool Factory into a vibrant industrial park, attracting tourists and locals alike, showcasing a blend of historical preservation and modern amenities [1][2] Group 1: Project Overview - The Tianjin First Machine Tool Factory, established in 1951, underwent a significant transformation after being idle for over a decade, with the urban renewal project officially starting in 2023 [1][2] - The project aims to retain the historical character of the site, with 22 groups of buildings preserved and original trees maintained, creating a space for cultural and recreational activities [2][3] Group 2: Economic Impact - The urban renewal project has attracted over 20 companies to settle in the area, with an additional 50 companies expressing interest in establishing a presence [2] - The total planned investment for urban renewal projects in the He Dong District exceeds 240 billion yuan, indicating a significant commitment to revitalizing the area [3] Group 3: Community Benefits - The project integrates green spaces, including a 5.86-hectare park, enhancing the quality of life for residents by providing recreational and cultural facilities [3] - The transformation of the industrial site into a mixed-use urban park aims to create a new leisure space for the surrounding community while fostering innovation in marine technology, smart technology, and headquarters economy [2]