‘The One’ to Cost $500 million plus
Ultra luxury, state of the art hospitality, breathtaking surroundings, signature amenities, world class dining experiences, three towers comprising two luxury hotels [a total of 473 KEYS], a luxury retail mall, a commercial office complex which will be the last word in Corporate ambience and style, as well as 638 beautifully crafted apartments, located on 4.3 acres of prime real estate, will undoubtedly position ‘The One’ as one of the most sought after and ambitious mixed use development projects, not just in Sri Lanka but in the region.
An investment that exceeds US $ 500 million, ‘The One’ will generate over 3,000 direct employment opportunities, while it is the intention of the shareholders to achieve a US $ 225 per day target, thus helping the government achieve its efforts of positioning Sri Lanka as a ‘ must go’ destination for the high spending leisure and corporate traveler.
Addressing the media gathering which also marked the launch of ‘The One’s’ website, stakeholder ‘The One’, Alex Lovell said that the demand for ‘The One’ was unprecedented. “Even prior to the launch the Ritz Carlton residential units have sparked phenomenal interest both locally and internationally. Phase 1 is already sold out, while Phase 2 has had several pre bookings. This is extremely encouraging not just for us as developers but for the Sri Lankan economy as a whole”.
Construction of ‘The One’ commenced in September 2017 and Phase 1 is due to be completed in December 2021.
The apartments will range from 1,700 square feet – 4,000 square feet, comprising two to four bedrooms, with a square foot being priced at US $ 450 upwards.
The architects of the project is the CCDI Group who have an outstanding history offering integrated professional services for urban regeneration developments, their most notable project being the Beijing National Aquatic Centre. The CCDI Group have offices in Shanghai, Chengdu, Sydney, New York, and 20 other cities in China and employ over a thousand architects, engineers, planners, project managers as well as design and management consultants.
The Construction, management and marketing of ‘The One’ is handled by the Zhongtian Construction Group , under the guidance of the Marriot. The Zhongtian Construction Group which is one of the stakeholders of ‘The One’ , is a 10 Billion US $ private construction group that integrates civil construction, real estate, property development, media, investment and education and is among the 50 top private enterprises in China.
The One Transworks [Pvt] Ltd are the developers and stakeholders of the project of which Zhogntian Construction Group one of the top 10 developers in China are one of the stakeholders.
A 200-year-old-heritage site, which has been brought back to its former glory, The Transworks House will be creatively re imagined as an international designer collective featuring some of the world’s leading brands. A truly high end retail experience reserved for those with a penchant for the haute couture life.
The largest banquet hall at the highest location in Sri Lanka, exquisite restaurants, concierge services which range from airline and private air reservations to personal shopping, housekeeping services, a vacant home care programme, a heated swimming pool, a state of the art movie theatre, well stocked library, high speed elevators that travel at six metres per second, life is made simpler for residents at The One. A biometric residential access system, central air conditioning, as well as home automation and vehicle identification systems, provide avant garde living at its best!
“As one of South Asia’s tallest buildings, The One is waiting to transform your way of life and it is our intention to make ‘The One’ a landmark destination in Sri Lanka and the region”, said Mr Lovell.
