Florient Rise

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Florient Rise

Florient Rise (Chinese: 海桃灣; Jyutping: hoi2 tou4 waan1; formerly Cherry Street Project, 櫻桃街項目)[1] is a private housing estate in Cherry Street, Tai Kok Tsui, Kowloon, Hong Kong. It was jointly developed by Nan Fung Group and Urban Renewal Authority (URA) in 2008 and completed the construction in May 2009. It comprises three blocks with a total of 522 units.[2][3]

History[edit]

The Cherry Street Project was among the first batch of redevelopment projects announced by the controversial Urban Renewal Authority (URA) following its 2001 establishment. The site was previously home to old mixed-use buildings. All former residents were evicted.[4] The URA partners with private developers to carry out redevelopment projects. On 22 July 2004, the project was awarded to Nan Fung Development, who beat out eight other developers.[5]

Features[edit]

The estate has three residential blocks offering a total of 522 flats.

It also includes a children's-themed shopping centre called "West 9 Zone".[6]

Hoi Ming Court incident[edit]

There is a residential block called "Hoi Ming Court" in the middle of the construction site of the Cherry Street Project, but Hoi Ming Court was excluded from the redevelopment project due to its young age. Nan Fung Development, one of the project's property developers, tried to acquire the block for the whole redevelopment. However, both Nan Fung and URA thought that the acquisition cost raised by flat owners was too high and finally gave up the acquisition plan. Hoi Ming Court was left in place and Florient Rise was built around Hoi Ming Court.[7]

References[edit]

  1. ^ Cherry Street Project (Florient Rise)
  2. ^ SIGNS OF THAW AS LAUNCHES ATTRACT MORE BUYERS ANALYSTS SAY INCREASE IN DEALS MORE A TECHNICAL REBOUND THAN CHANGE INFUNDAMENTALS
  3. ^ Projects squeeze secondary prices
  4. ^ "1,000 to be evicted for flat schemes". South China Morning Post. 9 January 2002. p. 4.
  5. ^ Sito, Peggy (23 July 2004). "Nan Fung secures $2b URA residential project". South China Morning Post. p. 1.
  6. ^ "west9zone". West 9 Zone. Retrieved 15 May 2018.
  7. ^ "Demolish our flats too, say owners Hoi Ming Court residents want a ruling to include their property in Tai Kok Tsui redevelopment". South China Morning Post. 10 November 2005.

Coordinates: 22°19′07″N 114°09′41″E / 22.3185°N 114.1614°E / 22.3185; 114.1614