Hirunews Logo
+%27The+One%E2%80%99%2C+%24+500mn+project+to+redefine+city+of+Colombo
Wednesday, 21 March 2018 - 11:48
'The One’, $ 500mn project to redefine city of Colombo
7

Shares
908

Views
The construction of ‘The One - Sri Lanka’ which is going to be a landmark development project in Sri Lanka which would redefine the urban regeneration in the city of Colombo, is now underway.

The project, which will cost over $ 500 million, will include a luxury retail mall, a commercial office complex, as well as 638 beautifully crafted apartments, and two luxury hotels with 473 rooms.

Located on 4.3 acres of prime real estate, will undoubtedly position ‘The One’ as one of the most sought-after and ambitious mixed-use development projects, not just in Sri Lanka but in the region.

The project would help the government to achieve its efforts of positioning Sri Lanka as a must go destination for the high spending leisure and corporate traveller.

The developer says that the project will generate over 3000 direct employment opportunities.

Construction of ‘The One’ commenced in September 2017 and Phase 1 is due to be completed in December 2021.

Addressing a media gathering which also marked the launch of ‘The One’s’ website, stakeholder ‘The One’, Alex Lovell said that the demand for ‘The One’ was unprecedented.

“Even prior to the launch, the Ritz Carlton residential units have sparked phenomenal interest both locally and internationally.  Phase 1 is already sold out, while Phase 2 has had several pre-bookings. This is extremely encouraging not just for us as developers but for the Sri Lankan economy as a whole. “

The apartments will range from 1700 square feet to 4000 square feet, comprising two to four bedrooms, with a square foot being priced at $ 450 upwards.

The architect of the project is the CCDI Group which has an outstanding history offering integrated professional services for urban regeneration development.

The Beijing National Aquatic Center was one of the key projects where they have provided their professional services.

The construction management and marketing of ‘The One - Sri Lanka’ are handled by the Zhongtian Construction Group under the guidance of Marriot.

Once completed ‘The One- Sri Lanka’ will be one of the tallest buildings in South Asia.



Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE