Chamchuri Square

Chamchuri Square
Chamchuri Office Tower (left) and Residence Tower (right, to the back)
General information
Type	Commercial office, retail, residential
Location	319 Phaya Thai Road, Pathum Wan, Bangkok, Thailand
Coordinates	13°43′58″N 100°31′50″E / 13.73278°N 100.53056°E / 13.73278; 100.53056Coordinates: 13°43′58″N 100°31′50″E / 13.73278°N 100.53056°E / 13.73278; 100.53056
Construction started	1994 (halted in 1996, restarted in 2005)
Completed	2008
Opening	July 2008
Height
Roof	Office tower: 173 m (568 ft)
Technical details
Floor count	Office tower: 40 Residential tower: 23
Floor area	274,500 m2 (2,955,000 sq ft)
Elevator count	Office tower: 28
Design and construction
Owner	Chulalongkorn University
Management	CB Richard Ellis (office space)
Developer	Siam Techno City (1994–96) Ruam Nakhon Construction (2004–05) Powerline Engineering (2006–08)

Chamchuri Square is a high-rise building complex located in Bangkok, Thailand. It consists of a commercial office tower, a residential tower and a podium housing a shopping mall which connects the two. Owned by Chulalongkorn University, construction on the complex began in 1994 but was halted from 1996 to 2005 and later completed in 2008. With forty floors and a height of 173 metres (568 ft), the office tower is the thirty-eighth-tallest building in Thailand as of 2009^[update].

History

Originally known as CU Hi-tech Square, the project, owned by Chulalongkorn University, was to be developed by Siam Techno City Co, Ltd., a joint venture majorly owned by Thai Farmers' Bank (now Kasikornbank), Loxley Group and the Japan International Development Organization (Jaido), with Thai Shimizu Co., Ltd. as contractor, and sales management by Chesterton Thai Property Consultants. Construction began in 1994 with completion expected by 1997 and an estimated project value of seven billion baht.^[1] The original design consisted of a forty-storey office tower and a thirty-nine-storey residential tower, with a central linking podium (referred to as the atrium) featuring a convention centre, retail shops and direct access to the to-be-constructed MRT. Parking space was to be provided underground as well as in the lower levels of the office tower. The development concept was based on visions of a hi-tech office building and convention centre equipped with advanced intelligent systems.^[2][3]

In 1996, due to poor sales outlook, work on the project was halted when the towers had only reached their thirteenth floors. The original development plans became abandoned amidst the ensuing 1997 Asian Financial Crisis, which saw sharply falling demand for commercial office space, and Hi-tech Square stood derelict among Bangkok's many uncompleted buildings for the next near-decade.^[4][5]

In 2002, the university's administration decided to revive the project and approved 300 million baht from the university's funds for development of the project, with additional investment expected to come from the private sector.^[6][7] The first phase of reconstruction, which was subcontracted to Ruam Nakhon Construction (RNC Thailand), consisted of repairing and completing the basement and atrium, and began in late 2004, due for completion by the end of 2005. However, due to flooding, only 70 percent of the work was completed on time. The remaining development, costing an estimated 2.7 billion baht which was funded solely by the university after failing to attract private investment, was awarded to Powerline Engineering PCL, which began work in April 2006. The project underwent a few changes in design, including the reduction of the residential tower's height to 23 floors and the abandonment of the convention centre in favour of an "edutainment centre" concept, and was renamed Chamchuri Square. Construction was completed in early 2008, and the complex opened on 9 July the same year.^[8]

Design and location

The Chamchuri Square complex consists of: a forty-storey office building (Chamchuri Office Tower) with parking space on the second to tenth floors; a twenty-three-storey luxury apartment building (Residence Tower) featuring 126 standard rooms let for thirty-year long-term leases; and the four-storey connecting "atrium" section (Chamchuri Square). The atrium section, which is promotionally billed as "the Edutainment Gateway", is a shopping mall with 22,300 square metres (240,000 sq ft) of retail space featuring several bookshops, restaurants, education service centres, as well as other miscellaneous service and retail shops. It is notably home to a branch of the Chulalongkorn University Book Center and an exhibition centre of the National Science Museum. The atrium is also used as a small-scale event venue.^[9]

Located on 21 rai (3.36 hectares / 8.3 acres) of Chulalongkorn University land on the north-eastern corner of Sam Yan Intersection (Phaya Thai and Rama IV Roads) next to the Thai Red Cross Society and opposite Wat Hua Lamphong, Chamchuri Square is directly connected to the Sam Yan Station (Bangkok Metro) and is the first and (as of 2009^[update]) only building to feature such an internal connection.

The taller of the two buildings, Chamchuri Office Tower, at 173 metres (568 ft) in height, is the thirty-eighth-tallest building in Thailand as of 2009^[update]. With 89,029 square metres (958,300 sq ft) of leasable class A office space, it is the country's largest office building to be completed since before the 1997 financial crisis. Its office space is managed by CB Richard Ellis, which in late 2008 leased 61,500 square metres (662,000 sq ft) to DTAC, the building's largest tenant, in what is the largest-ever office lease in Thailand.^[10][11]

References

1. ^ National Science and Technology Development Agency (2004). "Chulalongkorn University" (in English). Scientific American Supplement on Thailand. http://www.nectec.or.th/users/htk/SciAm/05Chula.html. Retrieved 2009-09-02. 
2. ^ "เชสเตอร์ตัน เริ่มต้นงานใหญ่ในห้องแคบ (Chesterton begins big project in small room)" (in Thai). Manager (Manager Media Group). March 1996. http://www.gotomanager.com/news/printnews.aspx?id=9603. Retrieved 2009-09-02. 
3. ^ "โครงการพัฒนาที่ดินบริเวณหมอน 20 (จัตุรัสจามจุรี) (Mon 20 area land development project (Chamchuri Square))" (in Thai). Chulalongkorn University Property Management Office website. Chulalongkorn University Property Management Office. http://www.property.chula.ac.th/cuhim20.php. Retrieved 2009-09-02. 
4. ^ "จุฬาไฮเทคหยุดการก่อสร้างรอผู้ชี้ชะตาใหม่ (Chula Hi-tech construction halted, fate to be seen)" (in Thai). Manager (Manager Media Group). June 1997. http://www.gotomanager.com/news/printnews.aspx?id=4412. Retrieved 2009-09-02. 
5. ^ Jinks, Beth; Laurent Malespine (20 June 2006). "Reviving Thai 'ghosts' - Derelict towers are being transformed". Bloomberg. 
6. ^ Parnsoonthorn, Krissana (2 May 2002). "Thai University to Seek Investors to Help Finish Development Project" (in English). Bangkok Post. 
7. ^ Parnsoonthorn, Krissana (12 November 2002). "Thai University Ready to Help Revive Atrium Project" (in English). Bangkok Post. 
8. ^ "จุฬาฯ ควัก 1.7 ล้าน ฟื้นโครงการไฮเทครับแนวรถไฟใต้ดิน (Chula pledges 1.7 million to revive Hi-tech project)" (in Thai). Manager Daily (Manager Media Group). 30 April 2006. http://www.gotomanager.com/news/details.aspx?id=45189. Retrieved 2009-09-02. 
9. ^ "Chamchuri Square official website". Chamchuri Square. http://www.chamchurisquare.com/chamchurisquare.html. Retrieved 2009-09-02. ^{[dead link]}
10. ^ "Big deals buck trend" (in English). Bangkok Post. 2 March 2009. http://www.bangkokpost.com/business/economics/12597/big-deals-buck-trend. Retrieved 2009-09-02. ^{[dead link]}
11. ^ "Chamchuri Square" (in English). CB Richard Ellis website. CB Richard Ellis. http://www.cbre.co.th/en/Chamchuri-Square.asp. Retrieved 2009-09-02. ^{[dead link]}

External links

• Official website
• Chamchuri Square at Emporis.com