Invitation for Expression of Interest for First Street/Second Street Project
The Urban Renewal Authority (URA) will invite real estate
developers to submit an expression of interest (EOI) for the joint
development of the First Street/Second Street redevelopment project
in Sai Ying Pun tomorrow (Friday).
The project covers a site area of about 38,000 square feet and
upon completion, is expected to deliver a gross floor area of about
425,000 square feet for residential and commercial use. In
addition, an 11,800-square foot residential care home for the
elderly and about 7,500 square feet of landscaped open space will
be provided.
Parties interested in the project are requested to indicate their
professional competence and financial capability to undertake the
development in accordance with the requirements and criteria set by
the Authority.
Submissions should be returned to the URA Headquarters at 10/F Low
Block, Grand Millennium Plaza, 181 Queen's Road Central, by 5 pm on
27 May, 2005.
A tender review panel under the URA Board will shortlist the
qualified parties and invite them to submit a formal tender for the
joint development. It is expected that the tender exercise will
follow shortly.