Market Street to get park, footpaths from Golden Shoe Car Park redevelopment: Lawrence Wong
THE redevelopment of the former Golden Shoe Car Park will feature a 12,500 square foot public park, Minister for National Development and Second Minister of Finance Lawrence Wong said at a groundbreaking on Friday.
Developers CapitaLand, CapitaLand Commercial Trust and Mitsubishi Estate Co, the joint venture partners for the redevelopment, had previously announced plans to turn the site at 88 Market Street, which used to house a popular food centre and car park, into an S$1.82 billion integrated development.
Besides the public space, footpaths along Market Street, Malacca Street and Phillip Street will be widened with added greenery, along with sheltered linkways along Malacca Street between Raffles Place and other developments.
There will also be new cycling paths along these streets, which will connect to upcoming plans planned as part of the Central Area cycling network.
Market Street Food Centre, previously housed at Golden Shoe Car Park, will reopen at the second and third levels.
It will be owned by the Ministry of Environment and Water Resources (MEWR).
Currently, stallholders are operating at an interim food centre on Cross Street.
Gaw Capital keen on more S'pore properties
HK property group also plans to revamp PoMo, with focus on retail area
Co-working space startup WeWork calls Funan home
WeWork's space will be located across two floors at Funan's North Office block, which is linked to the retail section of the development.
Oxley acquires Chevron House, property developer Centra Cove
Chevron House, a 32-storey commercial development with 27 levels of office space and a five-storey retail podium, was sold for S$660 million.
Oxley confirms talks to buy Chevron House
The purchase price was expected to be around S$660 million
Oxley close to buying Chevron House
Price believed to be around S$660m, working out to S$2,526 psf on existing net lettable area