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Invitation for Expression of Interest for Joint Development of Site B of Peel Street/Graham Street Project in Central

The Urban Renewal Authority (URA) tomorrow (Tuesday) will invite interested parties to submit Expressions of Interest for the joint development of Site B at Peel Street / Graham Street project in Central.

The Peel Street / Graham project comprises a total of three sites known as Site A, Site B and Site C to be implemented by phases.  The first phase, Site B, is bounded by Peel Street, Gage Street and Graham Street covering a site area of about 1,690 square metres.  It is planned to deliver a maximum gross floor area of about 17,790 square metres on Site B for residential and commercial purposes, together with the provision of public open space.

Parties interested in the development of Site B of Peel Street / Graham 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 URA.

Submission should be made to the URA Headquarters at 26/F, Cosco Tower, 183 Queen's Road Central, by 5 p.m. on Friday, 3 February 2012.

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

To sustain and enhance the vibrancy of the century-old open market in the vicinity of the project, the URA has carried out such measures as phased redevelopment of the three sites of the project, provision of electricity facilities for market stall operators in the immediate vicinity and market promotion activities.