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Gne of the floor plans of the shopping arcade.
Typical floor plan of apartments
In such case, about 25% is to be paid in advance, and interest is paid on the balance. The total cost purchased under this method is somewhat higher than on the cash basis.
A rather interesting layout, as far will range in size from 500 to 600 in twenty-four monthly instalments. as the arcades and the shops are con- square feet. cerned is that there is a fairly large
This type of development will per- open central court with the staircase
mit a wide variety of residential running from the ground floor to the qualifications, as situated right in the second floor at the side of this court. middle of the shopping district on The arcades on the 1st and 2nd floors Nathan Road and close to the Star at right angles to those on the Ferry Piers, it should prove ground floor, and where they cross tremely popular. As will be seen from which is being developed for the Tai bridges are provided. In effect, there
are
fore, as one passes from one floor to the other and walks along the bridges it is possible to look down and see shops along the arcades of the lower floors. The effect, we imagine, will be most interesting.
There will be three lift halls, two
ex-
the plan some of the apartments will
be set around a large central open area but the majority will face the
streets.
The Harriman Realty Company Limited are architects for the building,
Cheung Construction Co. The lifts
and escalator contracts have been let.
These have been awarded to the Otis Elevator Company. Vibro Piling is being used for the foundations.
Otis Elevator Company is supplying from the ground to the first floor a two 32R Type escalators, one serving
a
As we have already noted, these shops and apartments are being sold, and it is interesting to note that for the same size apartments, those of them with two lifts and one with situated on the lower floors are dearer distance of 13'-0" vertical rise, and three lifts, making a total of seven than those on the upper floors, the the other from first to second floor lifts. Five of these lifts will serve all difference being quite considerable. a distance of 10'-0" vertical rise. floors right to the top, but two will be For example, one of the larger apart- These two units will serve the shop- in use for the residential floors only. ments containing
containing just over 1,300 ping arcades on the first and second A third of the fifteen floors will square feet, will sell for cash at floor levels; loading for both escalators be devoted to apartments. All these $53,500 on the 3rd floor; $50,000 on is 5000 persons per hour at the speed apartments are equipped with a small
the 4th to the 8th floor; $47,700 on of 90 feet per minute. kitchen and a bath room,
the 9th to 11th floors, while on the and we
15th floor, the same apartment will
A total of eight passenger elevators suppose the majority of them can be
only cost $43,400. These figures are, floors above the arcade area.
are being supplied to serve all of the considered as studio apartments, since of
These course, comparative since the they will consist only of one large smaller the apartment the lower the are arranged in two groups of two and room, serving as a living room and sale price. The average figure works one group of four. Four of the units bedroom as well. There will be a few out at a little over $30.00 per square will carry 8 passengers and the other larger apartments on each floor placed foot on the lower floors to just over four 10 passengers with all elevators usually at the corners, which will $20.00 per square foot on the upper operating at 300 feet per minute. The contain about 1,300 square feet of floors. Terms can be arranged to control is Variable Voltage Direct floor space, but the average apartment enable purchasers to pay in twelve or Current.
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