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[COMPLETED] The Rochester Mall/Park Avenue Rochester/Rochester Residences (Rochester Park)

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#1 ·
2 bidders for one-north hotel site

25 Jan 05

By ALEXANDRA HO

PONTIAC Land Group and United Engineers Development are in the running to develop a hotel planned for one-north, the mixed development site of a hotel, offices, homes and shops near Buona Vista MRT.



This was disclosed at JTC Corporation's launch of the invitation for private sector participation to build, own and run a condominium - the first residential development - at one-north.

The 99-year-lease condominium will form part of the district called Central Xchange, an integrated work, learn, live and play area. JTC envisions it to be a vibrant area with lively public spaces, busy street life and work-live apartments. To integrate the condominium seamlessly with the community, it will be fenceless but will employ high-tech features for security. JTC also said it is unlikely to have standard condominium facilities such as a swimming pool.

The condominium site occupies 1.6 hectares of land, with a gross floor area of 39,655 square metres to fit in 350 to 400 units. The winning developer will have to integrate two colonial buildings, Slim Barracks, into their design. Bids for the condominium close on April 15.

As for the hotel development, JTC chief executive officer Chong Lit Cheong said that the bids are still under evaluation. But he reiterated that the hotel will be a business hotel, with prices at the three to four star range.

Mr Chong called Pontiac Land's bid 'quite interesting'. 'As part of their proposal, they also have a retail and residential type of land next to the hotel site, a bit of mixed use,' he revealed.

Pontiac Land is no stranger to the hotel business. Its hotel properties in Singapore include The Ritz-Carlton, Millenia Singapore, and The Conrad Centennial. The group is also jointly developing a resort on Sentosa with Thai developer City Realty.

The other bidder, UE Development, told BT that besides the hotel, the development might include service apartments and F&B components, such as restaurants.

UE Development is tying up with local architects to come up with a futuristic design that would also be ecologically harmonious with the site's green surroundings. Its group managing director, Jackson Yap, said there are plans for the hotel to be an 'intelligent building'.

'Being an engineering company, we are able to incorporate some of the latest technology in terms of IT, telecommunications. We will also try to do some of the building control systems,' said Mr Yap, who is also chief executive officer.

If its bid succeeds, it will be UE's first foray into hotel operation although the company runs service apartments UE Square and Park Avenue Suites. Mr Yap said the hotel is likely to operate under the Park Avenue Suites brand name.

The winning bid will be revealed by mid-April, while JTC targets a ground-breaking of the hotel by the middle of this year.
 
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#2 ·
UEL gets $270m loans for one-north devt

11 Mar 06

MAINBOARD-LISTED United Engineers Ltd (UEL) said yesterday it has secured loan facilities totalling $269.68 million from OCBC Bank and United Overseas Bank to finance its Vista Xchange development at research hub one-north.



The facilities, procured by UEL's new subsidiary UE One-North Developments Pte Ltd, will be used for land and construction costs for the 99-year-leasehold business hotel and mixed development.

UE One-North, which has paid-up capital of $20 million, was set up by UEL through its wholly owned subsidiary United Engineers Developments Pte Ltd.

Vista Xchange, which UEL announced last year, is the company's second Public Private Partnership (PPP) project with JTC Corp.

UEL said last year that the project will comprise a small to medium-sized business hotel and service-apartment building of up to 200 rooms each, a 300-unit residential apartment building and 100 small office home office units.

Construction is expected to start this year, with completion expected by mid-2009.

UE One-North hopes to launch the residential apartments around the end of this year.

UEL's shares closed unchanged at $1.94 yesterday.
 
#3 ·
RafflesCity said:
yah I think so...I didnt know they were building more blocks there....expanding....

In this rendering...seems that the tall block at the top corner may be the hotel site:

http://www.fusionopolis.com/images_central/map_fusionpolis_2.jpg

wonder if anyone knows if the hotel or apartment has started construction :?
It has not. If you go along North Buona Vista Road opposite the MOE building, you'll see red signs saying "Dbenhams Realeasing Soon" or something similar. This is just after the Circle Line station construction site. Hoarding is currently going up at the site. Its sandwiched between Buona Vista CCL stn and Rochester Park's fine dining restaurants.

Anyone notice the structure for the CCL One North station that's completed already? May be an exit, may be a vent.
 
#5 ·
Yeah, the hoarding is probably the hotel/condo site.

I think the tall building in the rendering is the MOE building though. Its situated next to the NTU complex whereas the hotel is opposite (across the rado from) the NTU complex.
 
#6 ·
Dec 16, 2006
'Lifestyle hub' planned for one-north
Developers invited to build iconic landmark in Buona Vista area

By Ho Ai Li

ROCHESTER Park is set to get more exciting, with plans to build an 'iconic' cultural and retail landmark on the site adjacent to the Buona Vista MRT station.

The complex on the 1.93ha site will house food and retail outlets as well as facilities like theatres or exhibition halls.

Yesterday, JTC Corporation invited developers to indicate their interest in developing the complex.

According to JTC documents, the complex is intended as a 'lifestyle hub' for the one-north area in Buona Vista.

The area cries out for an attraction that can draw people, promote vibrancy, and provide shops and gathering space, the documents note.

Another gap that a complex can fill is in providing space to host large-scale research conferences, seminars or musicals.

There is currently no central auditorium large enough to host events such as A*Star's biomedical conferences. The largest auditorium at the Biopolis seats only 480.

The complex is one of many developments planned to make one-north an 'intellectually vibrant' area where 'visionaries would be attracted to work, live, play and learn'.

The 182ha one-north is divided into three districts, called X-changes.

These are the Life Xchange, which houses biomedical sciences industries, the Central Xchange, the media hub, as well as Vista Xchange, the lifestyle and business area.

Besides the proposed cultural and retail complex, Vista Xchange would also have high-rise offices, a hotel and garden enclave with refurbished black-and-white bungalows.

The proposed complex will have a maximum gross floor area of 54,000 sq m, with about 44 per cent set aside for commercial use and the rest for facilities like theatres.

Ms Yenn Wong, co-owner of the Graze restaurant at Rochester Park, hopes the new complex will bring more publicity to the one-north area.

She said: 'At the moment, Rochester Park is the one that's gaining publicity. I hope there will be more crowds and cross-publicity between Rochester Park and the new development.'

But Ms Francesca Scarpa, director of the Da Paolo group, which has a restaurant at Rochester Park, was more concerned about the building's impact on green spaces in the area.

She said: 'I think the strength of Buona Vista is the greenery. It will be nice to see a complex which can make use of the greenery around it.'

hoaili@sph.com.sg

Copyright © 2006 Singapore Press Holdings. All rights reserved.
 
#7 ·
Homes in one-north to be launched early next year


19 Dec 06



THE first-ever residential development in science hub one-north, tentatively named One Rochester Park, will be launched around Chinese New Year - and the project is expected to benefit from the new-found buzz of the Rochester Park area.

The 368-unit development is right next door to the up-and-coming Rochester Park, a dining and retail enclave set against a rustic backdrop of undulating grounds and green canopies.

The project is developed by United Engineers (UE), which last year secured the public-private partnership (PPP) project to build a business hotel and mixed development in one-north from JTC Corporation.

Most of the apartments in the project will be 1,200 square feet two-bedroom and 1,500 sq ft three-bedroom units.

Separately, UE will also be building 250 hotel rooms and 120 serviced residence units.

The whole mixed development is designed by Tange & Associates, headed by the son of the late Kenzo Tange, who designed UE's flagship development UE Square about a decade ago.

Said UE: 'The design of one-north, of which the mixed development forms a part, is a self-contained concept - eat, live and play.

'It promotes the exchange of ideas and interflow of traffic, and as such does not promote boundaries between land use - and hence little or no use of fences.'

Market watchers said that it is hard to predict the launch price for the development as the concept is new.

UE has previously said that prices could start at about $550 per sq ft, but with the upward trend in property prices over the past few months, the launch price should be well above that when the time comes.

Prices will also be boosted by the area's new-found fame - it is fast becoming known for its F&B outlets housed in atmospheric colonial bungalows. UE gained two such bungalows when acquiring the site, which will soon be leased out to F&B tenants.

One Rochester Park is UE's first wholly owned residential project since the company successfully launched its apartments at UE Square a decade ago. Then, at the height of the property boom, units were sold out within a day, said the company.

Since then, while UE has taken stakes in other residential projects, it has focused on its core business of engineering and construction.

In a recent interview with BT, UE's chief executive Jackson Yap said that he was especially interested in working on more PPP projects with JTC.

UE's managing director David Liew said the company might also look into participating in the request for proposals (RFPs) to build Phase 2B of the cutting-edge science and engineering R&D hub Fusionopolis in one-north, after JTC said it will launch an RFP next year for private developers to build the project.


By UMA SHANKARI
 
#17 · (Edited by Moderator)
Here's the new thread for One Rochester...as what PrecisionDrive has suggested...:)

Taken from: www.nationproperty.com.sg/
One Rochester to be launched in April 2007

14 Mar


In the pipeline at One-North, Singapore’s version of Silicon Valley, is the 368-unit One Rochester, which is part of a public-private partnership (PPP) project between UE Engineers and JTC Corporation. The launch date is tentatively fixed at mid-April.

The condo is part of a mixed development that includes a block of about 300 hotel rooms and service apartments, and a retail podium with about 100,000 sq ft of space.

The hotel rooms, service apartments and shops are only for lease.

The residential project is near to the wooded Rochester Park, which is billed as an F&B hub in the western region of Singapore.

In line with the ‘inclusive style’ of the design of the larger One-North, the entire mixed development project will have no fencing or boundary walls to keep out visitors. The project is designed by Japanese architect Tange & Associates who designed UE Square in the 90s.

With the success of One-North Residences, One Rochester is very likely to be launched at above $800 psf.
 
#22 ·
With today's news that several Orchard Residences units have been sold at $4000 psf and another news story that resale home prices climbed 9.5% in the first quarter from the previous three months, I guess the developer of One Rochester could afford to be more aggressive in the asking psf price.
 
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