Shop and go at Marine Parade MRT station
THE Land Transport Authority (LTA) will develop an underground linear retail space next to the future Marine Parade station on the Thomson-East Coast Line (TEL).
The space, to have 133,150 sq ft of gross floor area in a single storey, is seen as a way of getting more mileage from public infrastructure investment and optimising land productivity.
Provisional permission for the proposed retail development was granted by the Urban Redevelopment Authority in March, and Marine Parade station is slated for completion in 2023.
The underground retail space will sit above part of the tunnel connecting the Marine Parade and Marine Terrace stations.
Having underground retail space next to MRT stations is not a new concept. Such spaces have been developed in the Raffles Place and Dhoby Ghaut stations as well as in the linkway between the two stations (on the East-West and Downtown lines) at the Bugis Interchange.
However, Marine Parade is likely to be the first time the concept is being introduced in a fairly big way outside the city, said market watchers.
Large existing malls in the vicinity are not expected to take a big hit from the underground retail space, which is likely to provide ancillary convenience services to commuters on the go.
When contacted by The Business Times, a spokesman for LTA said: "To improve connectivity and maximise underground space, LTA will be constructing an adjoining underground space as part of Marine Parade station.
"The single-storey structure is constructed by taking advantage of the cut-and-cover construction of the tunnels to the east of the station along Marine Parade Road."
She added that upon completion, the retail space will be handed over to the Singapore Land Authority (SLA), the custodian of state properties.
An SLA spokesman said that, since the underground space and station will be completed only in 2023, the authority will be looking into how the space can be best managed and utilised.
Property-market watchers estimate that the 133,150 sq ft of gross floor area would translate into about 80,000 to 86,500 sq ft of net lettable area (NLA) of retail space, after factoring in space for the pedestrian walkway and other circulation areas.
TEL will comprise 31 stations (all underground) and be completed in stages between 2019 and 2024.
The East Coast stretch of TEL will comprise nine stations to be completed in two stages. The first seven stations from Tanjong Rhu to Bayshore (including the Marine Parade and Marine Terrace stations) will be ready in 2023.
LTA will also build Singapore's first underground MRT station bicycle parks, at four stations along the East Coast stretch - including the Marine Parade and Marine Terrace stations.
THE BUSINESS TIMES