Development Management

With over 50 years of experience in property development and twenty years in investing in the United States, 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 the end of 2022, accumulated sales reached 615 residential units and 178 carparks.

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. Total gross floor area of the expanded site is approximately 380,000 sq. ft. It will be developed into a 270-key flagship The Langham Hotel. Planning application has been submitted to the local government, and the contractor tender process has commenced in May 2019. As preliminary submissions received exceeded the budgeted amount, we have undertaken a comprehensive value engineering exercise in order to reduce construction costs to meet our target. The results are currently under review.

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, the project now has three years to obtain an approved building permit. Due to uncertain market conditions in San Francisco, the project has been put on hold.