A high-end residential project will soon rise at the site of the iconic Capitol Building and Stamford House as it broke ground yesterday for a possible launch between March and April next year.
The residential project, which is expected to house 34 units, is part of a landmark mixed-use development plan that will comprise retail, hotel, residential and theatre facilities when completed.
The Capitol Theatre will be conserved and transformed into a cinema with 800 seats.
Its developer, Capitol Investment Holdings, said it has awarded the S$338 million contract to Japanese firm Shimizu Corp for the restoration of the site.
The entire project is expected to be completed by the fourth quarter of 2014.
Source: Today -23 Nov 2011
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