Clarke Quay is extending its appeal from a nightlife attraction to a day-and-night destination with a S$62.0 million asset enhancement initiative (AEI).
The scope of the AEI includes improving the daytime thermal comfort of the property’s inner streets, introducing tenants with an exciting blend of lifestyle and F&B concepts that best utilise the reinstated godown typology of the conserved warehouses at Block B, enhancing the selection of day-and-night dining options, updating the outdoor refreshment areas (ORAs) and working with tenants to make the property a pet-friendly attraction.
Popularly known as “CQ” for short, the property has added its initials to its name and will be marketed as “CQ @ Clarke Quay” locally and internationally to reflect its modern interpretation of Clarke Quay’s rich heritage.
Located along the Singapore River at the fringe of Singapore’s Central Business District, CQ @ Clarke Quay is a unique conserved landmark with beautiful shophouses as well as restored waterfront godowns which were Singapore’s key warehousing facilities in the nineteenth century. After the AEI, CQ @ Clarke Quay will comprise three main zones, each with an exciting mix of day-to-night offerings. The three zones are:
- The Riverfront (Blocks A and D), featuring riverside dining in an alfresco or heritage shophouse setting;
- The Warehouses (Block B), offering an exciting blend of retail lifestyle and F&B concepts in a conserved godown; and
- The Circuit (Blocks C and E), showcasing high-energy concepts, entertainment and F&B establishments.
To date, pre-commitment from tenants and leases in advanced negotiations have reached over 70% of CQ @ Clarke Quay’s net lettable area. The new tenant mix will offer a wide spectrum of day trade activities and retail offerings including breakfast and lunch options. The Warehouses will feature an all-new brewery concept by an award-winning hospitality group.
Other tenants in The Warehouses include:
- Swee Lee
- FairPrice Finest
- Catching the Waves
Tenants in the other zones include:
- Seafood Paradise
In addition, existing key tenants Zouk Group and 1-Group will be refining their concepts to expand their day-to-night offerings in line with the repositioning of CQ @ Clarke Quay.
CQ @ Clarke Quay will continue to operate throughout the AEI, which will be carried out in phases from 3Q 2022 to 3Q 2023. The property has been a pioneer in adopting innovative and sustainable energy management solutions, having received the “ASEAN Energy Efficient Building Award for Tropical Design” in 2006 conferred by the ASEAN Centre for Energy.
With the upcoming enhancement of its property management systems, CQ @ Clarke Quay is expected to upgrade its green building rating conferred by the Building and Construction Authority (BCA) from Green Mark Certification to Green Mark Gold (plus) upon completion of this AEI.
Around 34% of the total project cost is dedicated to green features, such as a more energy-efficient chiller and a new ETFE (ethylene tetrafluoroethylene) canopy.