A computer-generated image of the Caiwuwei area in Luohu District after renovation projects in the area are completed. Property owners in Caiwuwei signed agreements with Kingkey Property Development Co. Ltd. on Tuesday to make way for renovation projects in the area. Buildings covering an area of 310,000 square meters of land will be demolished and rebuilt, and the land will be converted into an up-market financial, commercial and cultural area that includes a 693-meter landmark, the highest building in Shenzhen upon its completion. Shenzhen Economic Daily