SINGAPORE - The consortium comprising Nobel Design, Lian Huat Group and 2E Capital, which bought the freehold Hotel Windsor in the MacPherson area last year, is converting the hotel's office-retail podium into a strata retail development for sale.
There will be 80-plus retail units at the new Macpherson Mall, 34 per cent of which will be for use as food and beverage (F&B) outlets and the rest for use as shops. Indicative prices will range from $3,500 to $6,000 per square foot for the retail units, which will have sizes of between 260 sq ft and 3,000 sq ft.
Absolute prices are expected to start from $1.4 million for a 355-sq-ft shop. The majority of units will be between 550 sq ft and 800 sq ft. There will be six "loft-in-shop" units at the ground level.
The sales gallery will open this weekend with sales expected to begin towards the end of this month.
The retail units will be located from Basement 1 to Level 3 of the property.
The existing hotel, on levels 4-9, will also undergo a revamp. Its room count will rise from 225 to 300, with some rooms to be subdivided.
A swimming pool will be added to the hotel. Its facade will undergo a full makeover, the entrance revamped and all mechanical and engineering equipment replaced.
A major retrofitting of the existing hotel and commercial podium is slated to begin in the first quarter of next year, after the last lease in the commercial podium expires in January.