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Old October 28th, 2015, 04:46 AM   #61
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Hong Kong Economic Journal Excerpt
Oct 27, 2015
Lee Tung Street gets back its name

Don’t tamper with history, the developers of Avenue Walk in Wanchai appear to have learned.

They have now decided to rename the project to reflect its historical roots.

Sino Land Co. Ltd. (00083.HK) and Hopewell Holdings Ltd. (00054.HK) are joint-venture partners with the Urban Renewal Authority (URA) in redeveloping the site of the former Lee Tung Street into a shopping center.

The street was traditionally nicknamed “Wedding Card Street”, because almost all of the shops there were related to bridal services and products.

The developers had hoped to capitalize on that history by giving the project the Chinese name Hey Foon Lei, roughly meaning “I love you” in Cantonese.

They’ve now changed their mind.

Hopewell Holdings managing director Thomas Wu announced Monday the project would now be called Lei Tung Kai (Lei Tung Street) in Chinese and Lee Tung Avenue in English, Apple Daily reported Tuesday.

He gave no reasons, although the announcement of the original names of the project in 2013 had drawn widespread public criticism for erasing part of Hong Kong Island’s history.

The developers intended to build a mall dedicated to wedding services.

They had hoped to reserve half of the 100,000 square feet in the three-story shopping center for wedding-related firms.

However, the response from potential tenants was reportedly not encouraging.

The newspaper said sources at property agents revealed they were asked to bring in tenants at a rent per sq ft between HK$90 and HK$300 to fill the 70 shop spaces, although the developers did not specify any preference for wedding services firms.

Those sources said nearly 90 percent of the spaces have been taken now, and the majority of tenants are in the fashion, leisure and cosmetics businesses.

Restaurants account for over 20 percent of the shop spaces.

Tenants, who are busy renovating their stores for the mall’s opening, scheduled for the first quarter of next year, first learned about the change in its Chinese name about two months ago.

Of the 27 tenants which moved out before the redevelopment project began, only 10 have opted to return to Lee Tung Street/Avenue.
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Old November 12th, 2015, 03:15 PM   #62
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5/1

Southern Stadium Wanchai by IQRemix, on Flickr
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Old December 16th, 2015, 09:23 AM   #63
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Hong Kong Economic Journal Excerpt
Dec 16, 2015
Wan Chai residents bemoan loss of old ‘Wedding Card Street’

Several Wan Chai residents, particularly the elderly, are bemoaning the loss of the traditional atmosphere and cultural characteristics of Lee Tung Street following a redevelopment project there.

The road, which was commonly known as Wedding Card Street for its array of small businesses involved in printing of traditional Chinese wedding invitation cards, has lost its old ambience in the wake of redevelopment, people say.

The Urban Renewal Authority (URA) had in 2003 unveiled a redevelopment initiative for the 200-meter-long street.

It then chose Sino Land Co. (00083.HK) and Hopewell Holdings (00054.HK) in a joint-venture effort to redevelop the street into a modern shopping area.

After 12 years of revamp, the street has finally re-opened, but there are only a few of the traditional wedding product shops still left in the area.

Most of the traditional shops have been replaced by big stores selling luxury items.

The street is now being called Avenue Walk and has become a 24-hour vehicle free zone.

Residents are feeling nostalgic as only three old pre-war buildings remain in the area.

Some people complain that redevelopment has destroyed the community, and that the new European-style stores that have come up are a misfit.

Shop owners who used to operate on Lee Tung Street have criticized the URA, saying that it failed to fulfill a promise to keep the street the way it was even after redevelopment, Apple Daily reported.

One owner told the paper that the URA had promised to allow indigenous shops to reopen on the street and enjoy preferential rents, but what actually happened is that luxury-brand stores have taken up most of the space.
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Old June 22nd, 2016, 03:15 PM   #64
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@Lee Tung Avenue 利東街 by Janice Law, on Flickr

鴻運當頭 by hugo poon, on Flickr

Chinese New Year Parade / Lee Tung Avenue . Hong Kong by King Wai Foo, on Flickr
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