Keeping the atriums is one of the reasons behind the decision to build a new 45-storey residential tower to complement the conserved complex, which has been renamed The Golden Mile, said its owners and architects working on the project.
On Dec 10, Perennial Holdings and Far East Organization, the lead developers of a consortium that bought the building in 2022, unveiled their plans for The Golden Mile, ahead of the launch of its offices and medical suites for sale later in the month.
Golden Mile Complex is the first large-scale strata-titled building to be conserved in Singapore.
Its conservation in 2021 came with a package of incentives unique to the complex to support the commercial viability of reusing it following a collective sale.
The project has been closely watched by built environment professionals as a test case for how large, modernist buildings can be conserved, rejuvenated and potentially developed upon in a sensitive and profitable manner.
One notable incentive was bonus gross floor area resulting in a one-third increase over the site's original development intensity, which the Urban Redevelopment Authority (URA) previously said could lead to a 30-storey residential tower being built alongside the complex.
The consortium was also allowed to purchase some adjoining state land to create a more regular site boundary for the tower.
In August, the URA gave the developers permission to build a 45-storey tower named Aurea – 15 more storeys than what the authority initially cited – and approval to add four storeys to the conserved complex.
Aurea and The Golden Mile will be part of a mixed-use development known as Golden Mile Singapore, with Aurea's 188 residential units set to be launched for sale in the first quarter of 2025.
This story is from the December 11, 2024 edition of The Straits Times.
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This story is from the December 11, 2024 edition of The Straits Times.
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