Abstract:The development and operation management mode of underground space often decides the implementation and sustainability of underground space project, and have become the focus of increasing attention in the industry. On the basis of referring the successful experience of underground space development in the different cities at home and abroad, various modes and characteristics of development and operation management of urban underground space have been extracted. At the same time, combined with the development orientation and actual demand of Dachengbei Area in Hangzhou, the perfective underground space development management system is put forward for this area including the corresponding underground space development and operation management mode, which have the important referring values for the development and management of urban underground space in China.