Phu My Hung to demolish Lawrence S Ting Building for new development
Phu My Hung s real estate transaction office will relocate from the Lawrence S Ting Building which is set to be demolished to make way for a new generation mixed use complex
Phu My Hung Development Corporation has announced plans to demolish the Lawrence S. Ting Building at 801 Nguyen Van Linh Parkway in Ho Chi Minh City to make way for a new mixed-use development called C1. The 12-storey building, which has served as the headquarters of Phu My Hung since 2004, will be replaced by a 23-storey complex with a total gross floor area of nearly 100,000 square meters.
The new development will include high-end retail, a hotel, Grade A offices, and serviced apartments. Phu My Hung's vice president, Truong Quoc Hung, stated that the company is transforming Phu My Hung into an international urban destination, responding to the diverse needs of an international community of residents, professionals, and businesses.
The project, designed by Japanese architectural firm Nihon Sekkei, is part of Phu My Hung's 2.0 development strategy, which aims to create a liveable urban area with a focus on international standards of commerce, finance, culture, arts, and entertainment. The demolition of the Lawrence S. Ting Building is a tangible example of Phu My Hung's commitment to this strategy, as the company is choosing to invest resources and land in a new set of functions that better meet the city's evolving needs.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
