Nowadays, Tianjin becomes a major economic development zone, emulating operations seen in Shenzhen and Shanghai. But the corresponding large-scale urban development is bringing great challenges to the existing modern architectural heritage, which is an indispensable part of Tianjin’s history, character, and culture. The Wudadao Area in the previous British Concession is such a case. Through examining its development process, this research identif ies four modes of preservation strategies, and analyses the respective characteristics. Multiple stakeholders who take part in Wudadao’s preservation and regeneration are recognized. Via case studies, the research elucidates the different roles played by responsible departments in Tianjin Municipal Government, state-owned enterprises, and local residents respectively. In a micro-circulation way, Wudadao has developed from an endangered colonial settlement to a re-recognized symbol of Tianjin’s urban culture and a refurbished showcase of global identity.