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Invitation for Expression of Interest - Lee Tung Street / McGregor Street Project in Wan Chai

The Urban Renewal Authority (URA) has decided to freshly invite interested parties to submit Expressions of Interest (EOIs) in the joint development of Lee Tung Street/McGregor Street project in Wan Chai beginning tomorrow (Wednesday).

A spokesperson for the URA said: "In view of the recent changes in the market environment, we deem it appropriate to invite interested parties to submit EOIs afresh for the project since the last exercise was done quite a while ago."

The URA last invited EOIs for the project on 14 August 2008 and 15 submissions were received when the invitation closed on 26 September 2008.

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.

Same as previous projects, interested parties for Lee Tung Street project are requested to indicate their development experience and financial capability to undertake the development in accordance with the requirements and criteria set by the Authority.

Submissions should be made to the URA Headquarters at 10/F, Low Block, Grand Millennium Plaza, 181 Queen's Road Central, by 5 pm on 24 March 2009 (Tuesday).

A tender review panel under the URA Board will shortlist qualified companies and invite them to submit tenders for the joint development later.

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.