HCM CITY — The Bitexco Group yesterday broke ground for twin skyscrapers, The One HCM City, in District 1 in downtown HCM City.
|A model of the twin towers that will be erected in HCM City's District 1. The project is being financed by the Bitexco Group. — VNA/VNS Photo Hoang Hai
The US$500 million buildings, one of 55 storeys and the other of 48, will be connected.
It is bounded by four major thoroughfares, Le Thi Hong Gam, Calmette, Pham Ngu Lao, and Pho Duc Chinh.
Once completed in 2015, the mixed-use complex will offer 31,800 square metres of retail space, 17,300 square metres of grade A office space, 350 apartments for lease, and the six-star Ritz Carlton Hotel with 250 guest rooms.
The project would be a beautiful architectural work and future landmark for the city, Le Hoang Quan, the city chairman, told the groundbreaking ceremony.
More than 100 households were moved to make way for the development, he said.
During the ceremony a loan agreement was signed between Bitexco and the Viet Nam Joint Stock Commercial Bank for Industry and Trade besides another between the group and the Ritz-Carlton Hotel Company.
In 2010 the group built the city's tallest building, the 68-storey Bitexco Financial Tower in District 1.
Around 60 per cent of its 37,000 square metres of office space have been leased out, In-Suk Ko, CEO of Bitexco, said. — VNS