The Excelsior, the white building on the left, will make way for a US$650 million, six-year development into a waterfront office tower. Photo: Winson Wong
The Excelsior, the white building on the left, will make way for a US$650 million, six-year development into a waterfront office tower. Photo: Winson Wong

Rent at office tower redeveloped on The Excelsior’s site may be the highest in Causeway Bay amid shortage of commercial space

  • Mandarin Oriental Hotel Group will redevelop The Excelsior into a 26-storey office tower at a cost of US$650 million
  • The redeveloped office tower is the only new commercial space under development in Causeway Bay for the next few years, analysts say

The Excelsior, the white building on the left, will make way for a US$650 million, six-year development into a waterfront office tower. Photo: Winson Wong
The Excelsior, the white building on the left, will make way for a US$650 million, six-year development into a waterfront office tower. Photo: Winson Wong
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