Expression of Interest for URA's Cherry Street Project
In response to media enquiries on result of the expression of
interest exercise for the joint development of the Cherry Street
project site in Tai Kok Tsui, the Urban Renewal Authority (URA)
today (Friday) issued the following statement:
A total of 17 submissions have been received expressing an
interest in the joint development of the Cherry Street project
site.
A selection panel under the URA Board would shortlist the
qualified parties and invite them to submit a formal tender for the
development.
It is expected that the tender exercise will take place in the
near future.
The Cherry Street project covers an area of about 48,500 square
feet and is expected to deliver a gross floor area of about 459,000
square feet for commercial and residential purposes upon completion
in 2008. In addition, a residential home for the elderly of about
11,800 square feet and about 19,000 square feet of open space will
be provided.