Work to begin on Lavenue Crown in Q3

29 Apr
VNRE Lavenue Crown project, located in HCMC’s commercial district and comprising a commercial center, five-star hotel and serviced apartments, will start construction in the third quarter this year, according to investors.

As one of three investors of the project on Le Duan Boulevard in District 1, Tran Le Nguyen, managing director of Kinh Do Corporation (KDC), was speaking of this plan at a shareholders’ meeting last weekend.

The Lavenue Crown project is developed by Lavenue Investment JSC, a joint venture between KDC with a 50% stake, HCMC Housing Management & Trading Co. and Mayflower Investment Co.

The project will be built on 4,900 square meters in a prime location near the city’s landmarks like the Notre Dame Cathedral and the French-built Post Office. The 36-storey building, which has total floor space of 66,000 square meters, is set for completion by 2014.

Reported by Quoc Hung | The Saigon Times

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