Once the residence of Rong Zongjing, a late Qing Dynasty industrialist dubbed "The King of Flour," this western-style garden mansion has worn a couple of different hats over the subsequent decades. In 1949, it was rented to the China Economic Research Institute, in 2002 it served as Rupert Murdoch's Shanghai office for News Corp, before the lease ran out in 2011. Italian design house Prada snapped it up, and began a 6 year restoration project which culminated in a grand opening in October 2017 as a showroom, gallery and events space. The renovation has kept and even restored some of the original interior decoration, but the veneer of historical preservation feels disingenuous. The building's recognized as Heritage Architecture by the Shanghai Municipal Government.