Hopewell’s avenue walk JV renamed after complaints of disregarding HK’s culture & history

Hong Kong 27 Oct 2015
Hopewell’s avenue walk JV renamed after complaints of disregarding HK’s culture & history

Hopewell Holdings (0054) has been forced to rename its joint venture project with the Urban Renewal Authority and Sino Land (0083) in Wan Chai as Lee Tung Street after local residents widely criticized the original name, Avenue Walk.

The developers and the URA were earlier bombarded by complaints of disregarding the culture and history of Wedding Card Street.  The area was previously known as Lee Tung Street, or Wedding Card Street, where shops sold Chinese wedding cards.

Lee Tung Street was demolished back in December 2007 as part of an Urban Renewal Authority (URA) project.  The demolition was seen by many as causing irreparable harm to the cultural heritage of Hong Kong.

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A printing shop closed down with a sign posted by the Urban Renewal Authority.

 

The Avenue walk Joint Venture project now renamed as Lee Tung Street, will provide a three-floor shopping mall of up to 100,000 square meters.  Early next year, 70 shops are expected to open.  About 90 percent of the retail premises have been leased.

Meanwhile, owners of 86 percent of properties at a site in Ash Street in Tai Kok Tsui have agreed to sell out by the close yesterday of a conditional purchase offer.

The URA’s initial proposal is to redevelop the project to provide about 69 small to medium sized residential units with average flat size of around 46 square metres and retail uses, tentatively scheduled for completion by 2021/2022.

 

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