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Result of Expression of Interest in URA's Lee Tung Street / McGregor Street Project in Wan Chai

In response to media enquiries today (Tuesday) on the result of the expression of interest exercise for the Lee Tung Street/McGregor Street joint development project in Wan Chai, a spokesman of the Urban Renewal Authority (URA) said that a total of 15 submissions have been received.

A tender review panel under the URA Board will shortlist the qualified parties and invite them to submit a formal tender for the joint development. It is expected that the tender exercise will take place in the near future.

The project covers a site area of about 88,500 square feet and upon completion, is expected to deliver a maximum gross floor area of about 835,000 square feet for residential and commercial uses, together with public open spaces, a residential care home for the elderly and conservation of three historical buildings.

The Lee Tung Street/McGregor Street project is one of the key URA projects in Wan Chai, which incorporates redevelopment, conservation and revitalisation elements.  The project will feature some "Wedding City" themed shops and a wedding traditions and culture gallery in the three conserved historical buildings, and some floor spaces will also be designated for social enterprises.

ENDS