A proposed mixed-hotel-and- retail development on the site of the former Specialists' Shopping Centre and Hotel Phoenix may face stiff competition, as it will be a latecomer in the revamped Orchard Road shopping strip, said industry players. But experts also believe the new development will benefit from synergies with nearby shopping malls once the linkway, Discovery Walk, is complete. Discovery Walk is...
Specialists Shopping Centre
THE on-again, off-again redevelopment of the prime Specialists' Shopping Centre and Hotel Phoenix site in Orchard Road is back on the agenda after a two-year break. OCBC Bank announced yesterday that it is in talks with construction and property group United Engineers Limited (UEL) to build a hotel and mall on the land. But the original player lined up for the project - the Straits Trading Company - is...