CapitaLand JV breaks ground on Golden Shoe Car Park redevelopment

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/ EdgeProp
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February 12, 2018 6:42 PM SGT
On Feb 9, Singapore property giant CapitaLand and its joint venture partners, CapitaLand Commercial Trust (CCT) and Japanese developer Mitsubishi Estate Co. held the ground-breaking ceremony for the redevelopment of the Golden Shoe Car Park in Raffles Place. CapitaLand and CCT each hold a 45% stake in the joint venture, with Mitsubishi Estate holding the remaining 10%.
CapitaLand announced that it will convert part of Market Street into a 12,500 sq ft public park that will be integrated with an atrium named City Room, with spaces for community events.
The 51-storey Golden Shoe Car Park redevelopment will have a total gross floor area of more than 1 million sq ft when it’s completed in 1H2021. It will have 29 floors of Grade-A office space, 291-unit serviced residences branded Citadines, 12,000 sq ft of retail space and the revamped Market Street Food Centre.
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Groundbreaking ceremony for the redevelopment of 88 Market Street, which was graced by Minister for National Development Lawrence Wong (fourth from right) (Credit: CapitaLand)
Market Street will be partially transformed into a 12,500 sq ft public park (Credit: CapitaLand)