| Vision City | |
|---|---|
| Bandar Wawasan | |
| General information | |
| Location | Jalan Sultan Ismail, Kuala Lumpur, Malaysia |
| Design and construction | |
| Developer | Quill Retail Malls Sdn Bhd |
| References | |
| [1][2][3] | |
Vision City, also known as Bandar Wawasan in the Malay language, is a partially completed and abandoned integrated development project located along Jalan Sultan Ismail, close to Kampung Baru, Kuala Lumpur. The project was originally developed by RHB Daewoo (a former direct subsidiary of Rashid Hussain Berhad)[4] with its currently completed phase one components composed of three high rise office blocks, represents one of numerous abandoned projects in the city; with the Duta Grand Hyatt and Plaza Rakyat being among other notable abandoned and partially completed projects. Financial difficulties faced by the developer resulted in the abandonment of the Vision City development project.
The partially completed and abandoned components of Vision City include a retail mall, another office block, and an apartment block. These uncompleted portions have since been taken over by Quill Retail Malls in 2007 and are expected to resume development in the near future.
In 1995, RHB Daewoo acquired the piece of land covering 4.6 hectares (11.5 acres) on which the Vision City development is located.[5][6] From 1996 through 2005, RHB Daewoo sold the three currently completed office towers that form part of the Vision City development.
Prior to its construction, RHB Daewoo secured the sale of Office Tower 1, which now stands 29 storeys tall. The building was sold to Bank Industri Bhd (now known as Bank Pembangunan Malaysia Berhad), a development financial institution owned by the Malaysian government. The building was completed and handed over to the purchaser in 2000, and currently houses the corporation's headquarters. Office Tower 2, standing 33 storeys tall, was also completed in 2000, and was sold to Dewan Bandaraya Kuala Lumpur (Kuala Lumpur City Hall) for RM108.2 million. Office Tower 2 currently houses one of the two main headquarters of Dewan Bandaraya Kuala Lumpur. The 31-storey Office Tower 3 was completed in 2001[7] and was sold to Majlis Amanah Rakyat (MARA) for RM105 million.[8] This building currently houses the city campus of the University of Kuala Lumpur.
In 2007, Vision City Sdn Bhd, the developer that had since changed its name from RHB Daewoo, sold all the remaining uncompleted components of the development project to Quill Retail Malls Sdn Bhd for RM430 million. The uncompleted components include a piece of land for a fourth office block with an adjacent parcel of vacant land of 397 sq meters, a partially completed retail centre and a partially completed apartment block.[9][10]
The pre-approved development order for the Vision City project includes the construction of a seven-level retail centre with a net lettable area of 752,000 sq ft (69,900 m2), and a 35-story office tower with 500,000 sq ft (46,000 m2) of net lettable area, a 45-storey 450-unit serviced apartment block and 2,280 car park lots.[11][12] In August 2009, Sparch Architects revealed their proposed design for the retail mall redevelopment, which features a garden in a naturally-ventilated sheltered cut-through at the central portion of the mall.[13]
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