Strategically positioned in the heart of the city, One Bangkok aspires to be a thriving hub of commerce, economy, art, and cultural activity. This place will not only captivate people but likewise offer promising investment opportunities as well as employment for the locals in the area.
With its unique blend of progressive and sustainable urban development, the One Bangkok project would create the New City District, and is set to become a global economic landmark, bolstering the Kingdom’s recognition, economy, and prestige. It will offer a fresh and innovative approach to urban development, setting it apart on the international stage.
Introducing One Bangkok
One Bangkok, Thailand’s most prominent and, so far, most expensive urban development project, has finally opened some of its areas to the public after seven years of meticulous architectural planning and construction. It is set to dominate the heart of Bangkok for decades to come.
The project location spans a vast 41-acre area (over 108 rai), wherein the green and open space are more than 50 rai, and this strategic area is in between the two main parks, Lumphini Park and Benjakitti Park, which will serve as the green lungs of Bangkok City with over 700 rai altogether. In fact, this is where Suan Lum Night Bazaar and the old Lumpinee Boxing Stadium sat before.
This project development prioritizes the well-being of the people and comes up with wide pedestrian walkways, allowing them to reach an area for about a 15-minute walk from one location to another, enjoying the scenery, tall buildings, and greenery in the area, as well as a focus on enhancing the quality of life of the locals and tourists alike.
One Bangkok will transform the cityscape and develop monumental mixed-use developments. It will be home to five premium office towers, three retail buildings, three residential buildings, and five hotels, including Bangkok’s first Ritz-Carlton and Andaz, a prominent and internationally revered hotel chain. Currently, however, only two office buildings have opened, and the rest of the development will follow in the fourth quarter of 2024.
This complete transformation is not just a local fascination but a global intrigue, captivating not only its citizens but business people worldwide.
The Prominent Role of One Bangkok
One Bangkok plays an essential role in the country’s property landmark. This project development is being developed by Frasers Property, a subsidiary of TCC Group, one of the country’s largest and most reputable conglomerates.
In an interview with the group CEO of Frasers Property, Mr. Panote Sirivadhanabhakdi, he revealed the unique aspects of the $3.9 billion project, which will redefine the skyline of Bangkok with a distinctive skyscraper set to be the city’s most elevated building.
With their ample experience and proven track record in the real estate and development sectors, the company is well-positioned to deliver a world-class project that will reinvent Bangkok’s skyline and economic landscape.
This billion-dollar endeavor has been meticulously planned, from its master design to the construction of the buildings and the business plans that will be part of Thailand’s history. This project is not just about strengthening the quality of life of the people and ensuring sustainability but likewise propelling Bangkok’s economy forward.
Pushing Bangkok to become more assertive in its economy aims to attract business people, inventors, innovators, conglomerates worldwide, and tourists, painting a promising future in this New City District.
Project Date and Place of Establishment
The highly anticipated One Bangkok project is set to open most of the buildings in the vibrant New City Center in the fourth quarter of 2024. It is nestled in the prime location between the roads of Wireless and Rama IV in Pathumwan District in the City of Bangkok.
At the back of One Bangkok, you will find the Japanese Embassy, Australian Embassy, and Alliance Francaise, all conveniently close. And not too far, the US Embassy is more or less 1.4 km from One Bangkok.
One Bangkok’s strategic location ensures unparalleled accessibility, with direct links to the Lumphini MRT station via underground basements and tunnels, enhancing its proximity to convenient transportation.
The project offers a strategic vantage point overlooking the picturesque Lumphini Park. This urban oasis, surrounded by towering skyscrapers, provides a rare blend of public spaces, greenery, a lake view, and a playground, creating fresh air in the city’s heart.
Area and Associated Buildings
The five main areas and associated buildings are the following:
1. Retail
The One Bangkok Development for the retail section is not just another retail space but a unique concept that brings together exceptional designs, diverse ideas, and a total net leasable area of 160,000 square meters.
The One Bangkok Retail Loop is not your typical shopping destination – it is a lifestyle hub different from the other shopping malls in the ‘City of Angels’. Spanning over a long strip, it houses more than 900 stores, making it a world of possibilities. From famous brand stores to fashion boutiques, jewelry stores, and the best legendary restaurants, cafes, and supermarkets, it offers a unique experience for family and friend gatherings.
To elaborate, One Bangkok Retail Buildings are designed with your convenience in mind. It is not just one shopping center but three interconnected shopping centers. Each retail hub overlooks Rama IV, including Parade, The Storeys, and Post 1928. These three shops are all part of this retail loop experience, each with its own charm and offerings.
Parade, a nine-floor lifestyle mall, caters to your necessities and wants with a total space of 85,000 square meters. The Storeys focuses on stylish fashion and pop culture with five floors and a total area of 35,000 square meters.
At the same time, Post 1928 takes luxury to another level, presenting the most state-of-the-art shopping experience yet with five floors and over 40,000 square meters. Parade and The Storeys are prepared to open this fourth quarter of 2024, while POST 1928 will open in the following phase.
The retail buildings that One Bangkok will build are not just about shopping but about creating a dynamic space that will undoubtedly greatly impact the Thai people, expats, and tourists who visit and explore the country yearly.
2. Hospitality
The tourist industry in the Kingdom has been steadily growing, and One Bangkok is set to cater to demand by attracting global travelers with its world-class hotels and hospitality services. Five luxury and lifestyle hotels will be built, each offering a unique and luxurious experience for business and leisure travelers around the world.
Among them, the famous Ritz Carlton, known for its exceptional expertise and formal luxury, and Andaz, a luxury lifestyle brand, will provide world-class experiences to Thai people and foreigners.
3. Residential
With the country’s rising population of Thai nationals, expats, and foreigners, the residential areas in One Bangkok offer a prime living location. This project envisions the construction of three residential buildings, each offering a remarkable and comfortable living experience.
Situated in the ‘heart of the city’, with its proximity to its iconic skyscrapers and a neighborhood that provides a convenient and vibrant lifestyle with all the necessary amenities within reach, it provides a serene and breathable living environment where residents can live, work, dine, and play in a sustainable and interconnected setting.
4. Workplace
Premium office buildings have been developed to respond to the ever-changing demands of the workplace and serve as places that strike a balance in the work-life environment. Integrating these five Grade A office buildings into this project is a brilliant idea that would add to its rising economy, creating a ripple effect on the country’s economy.
The development of these offices and commercial spaces includes the creation of multiple office towers, each equipped with state-of-the-art advanced technological infrastructure and modern amenities. This thoughtful design is not just about meeting the needs of businesses of all sizes but about creating a comfortable, eco-friendly, and convenient work environment.
This would be a major draw for the needs of local corporations, innovative startups, and multinational companies, making this a foremost location for all businesses.
Where tenants and workers can seamlessly live, shop, enjoy, dine, and work in one suitable area for convenience, cultivating a work-life balance. As a result, this would significantly impact the employees’ quality of life, as these office buildings provide a fresh standard in the new city district.
5. Art and Culture
The Kingdom’s rich art and cultural scene, which continues to captivate the world, finds a perfect platform in this project. Integrating art and culture in One Bangkok, with a stretch of over 2 kilometers across the district, serves as a hub for learning and creativity. It proudly organizes international exhibitions and various Thai festivals, showcasing the country’s history and culture with pride and enthusiasm.
Smart City & Sustainability
One Bangkok Development is envisioned as an intelligent city updated to innovative technologies worldwide. This game changer would uplift not just the economy but the way of life of all its people by bringing a sustainable and eco-friendly environment to the heart of the city.
A wise energy and water management system has been integrated into this project, promoting and creating an environmentally friendly community. The installation of food waste management that turns waste into fertilizer and savvy compactors that downsize trash accumulated over time, allowing compact waste storage and easy transportation, have been included.
In addition, it incorporated a water-cooling system that will substitute individual air conditioning to conserve energy. The buildings will collect rain and stormwater channeled to this project’s green areas. This is the first in Thailand to meet LEED Neighborhood Development Platinum certification, a testament to its commitment to environmental responsibility.
This project is not just about sustainability but also about safety. It has incorporated a centralized smart infrastructure system, serving as the central core of One Bangkok, to maintain all operations and assure holistic performance.
For security, the development is fortified with an array of smart sensors and CCTV cameras, providing real-time monitoring and data recording for advancement, traffic control, and, most importantly, the security of the people.
A Distant Goal and a Broad Vision
This colossal billion-dollar project, spearheaded by the most extensive private sector property development in Thailand’s history, is on track for full completion by 2027, with the first phase set to commence this year, 2024. One Bangkok will feature five premium office buildings, three retail podiums, five luxurious hotels, three residential towers, and a world-class event hall.
Importantly, amidst its towering structures and the city’s tallest building, it will maintain a delicate equilibrium, offering its people and residents a breathable living environment with a central open and green space, a testament to the company’s’ unwavering commitment to sustainable development.
The One Bangkok project is actively working towards obtaining the WELL Building Standard, a testament to its dedication to magnifying the quality of life and security for all its occupants and guests. The Corporation’s vision for One Bangkok is nothing short of transformative, but it aspires to forge one of the world’s most desirable cities, a thriving business hub, a lifestyle designation, and a serene living sanctuary offering like no other.
The construction of One Bangkok is merely the start of everything, and the next feat is for the management to effectively handle this extensive and monumental development once it is fully operational, elevating its master plan design to a prestigious iconic status in the city.
Are you considering the potential of these real estate developments that will be the future of Bangkok and the world’s most coveted place? Our experts at PropertySights Real Estate will guide you and help you to understand the promising returns and benefits this real estate industry brings.
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