But he urged businesses in Cardiff to relocate to the Barry Waterfront area.
Pioneers first settled in Elliott Bay in the 1850s and these days the Waterfront area is buzzing with restaurants, bars and tourists.
He added that the council planned to install a new sewer system in the waterfront area as part of its redevelopment and that would help resolve the flooding problems in Dock Street.
The minister said there was a Bangor town centre master plan aimed to regenerate Queen's Parade and the waterfront area but said it would take a number of years before construction would begin.
The payoff for Hines will be a trophy property in the heart of the rapidly redeveloping waterfront area--and a beachhead for further development in Spain, similar to ones it has established in Paris, Berlin and Moscow.
At the north end of the Bund, Shanghai's famous waterfront, the area around the original British consulate has been renovated.
Louis River waterfront in an area known as Fond du Lac, where some 200 homes were devastated by the flooding and 80 had to be evacuated.
Start by the abandoned Linnahall on the waterfront in the port area which lies just to the northeast of the Old Town.
The Danish Architecture Centre on the waterfront in the Christianshavn area focuses on design for the built environment and offers guided tours of changing exhibitions, with an emphasis on environmentally-sustainable architecture.
Les Pas has been claiming ownership of a large area of the waterfront for several years and had threatened to take the States to court over the issue.
BBC: The States debate was held in private for legal reasons
In the city's Takata neighborhood, an area close to the waterfront where many people died, about 100 people gathered for a Buddhist ceremony Sunday morning.
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Unlike the Bund of the late 19th and early 20th Century, which had a reputation for exclusivity, modern developments have made the historic waterfront more universally accessible, opening the area to a wider demographic and providing a natural centre to a modern city.
The number of homes on the market rose 30% in Pudong New Area, a high-end waterfront district in Shanghai.
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Now Sy wants to turn the area surrounding the mall into a new Asian waterfront mecca, much like Hong Kong or Singapore, where he will build hotels, a convention center, a business outsourcing center and glistening condominiums.
The development hasn't made the waterfront a year-round community, as hoped, but the area is busy in the summer months.
The Waterfront is connected to a three-deck dining, entertainment and gaming area called 678 Ocean Place.
The State Ports Authority is planning a new cruise terminal in a renovated building on the waterfront, opening the site occupied by the current aging terminal and surrounding area to redevelopment.
Construction crews working on high-rise rental buildings roam the area as joggers make their way through a newly opened portion of the waterfront.
The chairman of the Waterfront Enterprise Board, Pierre Horsfall, said he was confident Dandara's plans for the area would compliment what was there.
BBC: NEWS | Europe | Jersey | Plans for Waterfront are revealed
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