To be located on a 2.8ha site, the project with four towers and a retail podium, will have a total gross floor area of 3.77 million sq ft and a net floor area of 2.78 million sq ft.
The whole project will be completed in 2019.
“The buildings (along Jalan Sultan Ismail) will be demolished in the first quarter of 2013 or early part of the second quarter,” group chief executive officer Shaharul Farez Hassan said.
Shaharul said Crowne Plaza’s last day of operations will be on January 2 next year and that TCB is in negotiations with hotel operator InterContinental Hotels Group (IHG) on ending the management contract ahead of its term.
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