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Tender closes for Development of Site B of Peel Street/Graham Street Project in Central

The Urban Renewal Authority (URA) today (Wednesday) announced that a total of eight tender offers have been received for the development of Site B of Peel Street / Graham Street project in Central.

A tender review panel will consider the tenders received and make recommendation to the URA Board for a decision on the award of a development agreement in respect of this project.

Earlier, the URA invited expressions of interest from developers and had asked 18 developers to submit a tender for the development.

The Peel Street / Graham Street project comprises a total of three sites known as Site A, Site B and Site C for phased implementation.  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 that Site B will provide a maximum gross floor area of about 17,790 square metres for residential and commercial purposes, together with the provision of public open space.