The Intermark, the name “Intermark” is derived from the phrase “Integrated Landmark”. It is a freehold integrated commercial development consisting 2 grade A office towers, a retail mall and a hotel sited at the intersection of Jalan Ampang as well as Jalan Tun Razak.
This mixed development is a refurbishment and redevelopment project of the iconic Empire Tower, City Square and Crown Princess Hotel, and also a new office tower. Apart from refurbishment and redevelopment, the developer adds that they will increase parking bays from 1,600 to 2,600 bays, expand gross floor space from 2.2 to 2.7 million sq ft, as well as improve traffic flow in the vicinity to make The Intermark accessible from all directions.
Then, the project of The Intermark is valued at RM1.3 billion (excluding acquisition cost of RM760 million), and it is wholly-owned as well as developed by MGPA Asia Developments, a subsidiary of Macquarie Global Property Advisors (MGPA).
The first phase of The Intermark is redevelopment and rebranding of Empire Tower into Vista Tower as well as this newly refurbished 62-storey Grade A office tower has gross floor area of 755,000 sf with net lettable area of about 555,000 sf. Typically, each floor has built-up size of 11,500 sf.
Vista Tower is equipped with destination lift control that reduce waiting times, new air-conditioning system, double-height air-conditioned lobby with its floor and wall are covered with marble as well as large windows, broadband, disabled-friendly features et cetera. MGPA will take most floors of the building for their headquarters, whilst the remaining is available for lease.
The second phase of The Intermark is the 28-storey DoubleTree by Hillton Hotel as well as it is the first DoubleTree hotel in South East Asia and just recently opened in August 2010. DoubleTree is an upscale hotel managed by the renowned Hilton Hotels Corp and also the entire 571 rooms of the former hotel, Crown Princess Hotel were stripped and redone. Its facilities were expanded, and its lobby entrance was relocated.
Its retail centre, or known as Intermark Mall, comprises of over 200,000 sq ft net lettable area that will accommodate approximately 100 retailers. Among targeted tenants are cafes, spas, gymnasiums, beauty shops and bookshops as the developer sees most visitors as well as patrons coming to Intermark Mall are coming from nearby area for leisure and lunch.
Then, the new office building is called Integra Tower, the flagship of entire development. It is positioned on the former Plaza Ampang building. Plaza Ampang was demolished for the 30 to 40-storey Integra Tower to allow the developer to build it from scratch. According to the developer, they are very confident on the building design by Aedes – which worked for them in other cities before. This tower is expected to be completed by 2012.