Citiarc MCC Construction and CMC Development took over the development of a failed retail development in a prime location in Beijing. Originally designed as a large department store, IDA/redeveloped the proposed building as a mall. Interactive Development Associates LLC and their affiliate, Oriental Property Consultants, restructured and marketed the development of a 2.5 million square foot project in Xidan, the “Times Square,” of Beijing. The project contains a major destination shopping mall, with full service food court combining Chinese traditional and western‐influenced fare and a 12 screen multiplex theater.