A massive mixed-use project is set to be developed by TCC Assets and Frasers Centrepoint on a 104-rai land plot in central Bangkok. One Bangkok will have office buildings, residential projects, luxury and lifestyle hotels, and a selection retail options on a prime plot located on the corner of Witthayu and Rama IV roads.
One Bangkok will be the largest private sector property development in the country with the joint venture partners hoping to create a global landmark that enhances Bangkok’s stature as a key gateway city in Asia, according to a press release. The project will require an estimated investment of at least THB 120 billion with the 1st buildings of the development set to open in 2021.
The project will have differentiated precincts and contain ultra-luxury residential towers, civic areas, and art and culture facilities in addition to the hotels, retail, and office space. Nearly half of the project will be dedicated to greenery and open spaces. TCC Group, parent company of TCC Assets, acquired the lease to the land from the Crown Property Bureau in 2014.
“No single development of this scale and diversity has ever been undertaken in Thailand. One Bangkok will be a vibrant lifestyle destination that will entrench Bangkok’s position among the most desirable cities in the world to live, do business, and to visit. One Bangkok aims to attract top-level local and multinational companies to set up their AEC headquarters in the district as Bangkok’s most prestigious corporate address,” says Panote Sirivadhanabhakdi, Group CEO of Frasers Centrepoint, in a statement.
The joint venture believes the entire project will be completed by 2025. There will be 5 Grade A office towers, 5 luxury and lifestyle hotels and 3 ultra-luxury residential towers at the project once everything has been finished. Early estimates claim over 60,000 people are expected to work and live at One Bangkok once the project is completed.
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