Abstract: On the basis of preserving the material and non-material heritage, old factory buildings can be transformed to maximize the quality, minimize the cost of maintenance and operation, and benefit from it in a shorter period of time, which can really help the inefficient stock of land to realize a gorgeous transformation, and make more aspiring enterprises willing to invest in urban renewal for a long period of time. Due to the complexity of superior policy, land nature, property right issues and other reasons, successful transformation of old factory buildings not only depends on the design scheme of the transformed space, but also needs to meet more comprehensive requirements for the government's superior pre-planning, the construction side's operation capability, and the design side's full-cycle service, which is a new challenge to the cpacitity of each practitioner. Under the perspective of collaborative renewal, the protection and adaptive reuse of industrial heritage in Hechai·1972 Cultural and Creative Park has realized further effective exploration for the practice patterns of old factory buildings.