28 Expressions of Interest received for URA’s Peel Street/Graham Street Project (Site C)
The Urban Renewal Authority (URA) received a total of 28 Expressions of Interest for the development of Site C of the Peel Street/Graham Street project when the invitation for submission closed today (Friday).
A tender review panel under the URA Board will shortlist the qualified developers, taking into consideration their experience and financial capability to undertake the development in accordance with the requirements and criteria set by the URA. The URA will soon invite the qualified developers to submit tenders for the development based on the principal tender terms approved by the URA Board earlier.
The project is divided into three sites (Sites A, B and C) and is being implemented in phases. The site being put up for development is Site C bounded by Graham Street, Gage Street and Cochrane Street, covering a site area of about 2,685 square metres. Upon completion, it is planned to provide a gross floor area of about 40,275 square metres for office, hotel and retail purposes. The site will also provide a public open space of not less than 1,310 square metres for the enjoyment of the community.