http://www.businesstimes.com.sg/sub/...10491,00.html?
October 27, 2010, 5.29 pm (Singapore time)
$250m bid for Stamford Road site
By EMILYN YAP
The Urban Redevelopment Authority (URA) on Wednesday awarded the tender for a commercial site at Stamford Road/North Bridge Road to Capitol Retail Management, Capitol Hotel Management and Capitol Residential Development, which submitted a bid of $250 million.
The winning concept proposal features a development with 'an attractive mix of hotel, retail, entertainment and residential uses', URA said.
There will be a new 15-storey building which will house four floors of retail and F&B stores and prime residential apartments above it.
Capitol Building and Stamford House will be restored into a new luxury 5-star hotel, while Capitol Theatre will be transformed into a cinema cum performance theatre.