Development Management

With 60 years of experience in property development and over 20 years in investing in the United States, the Great Eagle Group has been involved in developing multiple project types, such as office, hotel, residential and mixed-use projects.

PEAK Project Management Limited ("PEAK"), a subsidiary of the Group and a full-service development management consultant, comprises professionals with a wealth of experience gained internationally. In different stages of development, the team in PEAK performs services, including investigation and analysis; strategic planning, solution identification; as well as project execution.

“ONTOLO” IN HONG KONG – RESIDENTIAL

The development, with a total permissible gross floor area of 730,870 sq. ft., comprised 723 luxury residential units and 456 parking spaces.

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The site, which is located in Pak Shek Kok, Tai Po and commands spectacularly unobstructed sea views over Tolo Harbour was acquired in May 2014. The development, with a total permissible gross floor area of 730,870 sq. ft. or saleable area of 635,612 sq. ft., comprised 723 luxury residential units and 456 parking spaces, was completed in the fourth quarter of 2020. By end of the second quarter of 2023, accumulated sales reached 647 residential units.

Website of ONTOLO: https://www.ontolo.com.hk/

ROPPONGI, TOKYO – HOTEL

Located in close proximity to the landmark Roppongi Hills Midtown, the site will be developed into a 270-key flagship The Langham Hotel.

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The Group acquired a hotel redevelopment site situated in close proximity to the landmark Roppongi Hills Midtown, Tokyo for JPY22.2 billion in 2016. Subsequently, the Group made follow up acquisition of surrounding small adjoining parcels of land to support the application for an increase in plot ratio of the site. Based on a higher plot ratio, total gross floor area of the expanded site is approximately 380,000 sq. ft.

World renowned architect has been commissioned to design this 270-key flagship hotel. Planning application was submitted to the local government, and a general contractor has been previously appointed to conduct project feasibility and further value engineering works. Nevertheless, construction cost remained high despite the continued efforts on value re-engineering. In view of such, the Group is in the process of exploring further development options including but not limited to schemes with mix of hotel and luxury condominiums.

555 HOWARD STREET, SAN FRANCISCO – HOTEL

Located at 555 Howard Street, the site involves an estimated gross floor area of 430,000 sq. ft.

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555 Howard Street is a redevelopment project located right across the new Transbay Transit Center, the recently launched transportation hub, in the heart of The East Cut San Francisco’s new central business district in the South of Market (SOMA) area. The Group completed the acquisition of the site with an estimated gross floor area of 430,000 sq. ft. for US$45.6 million in April 2015. After a change in plan, the revised plan is to build a hotel with 400+ keys. Entitlement for the all hotel scheme was approved in September 2020. Due to uncertain market conditions and the severe escalation of construction costs in San Francisco, the project has been put on hold and various plans for alternative divestment strategies are being evaluated.