The main building of an old bottling factory, the former National Aerated Water Co, will be partially conserved by the Urban Redevelopment Authority (URA).
The main building forms a two-storey L-shaped structure facing Serangoon Road. Other features that will be retained include its signage tower, a balcony with brick parapets, Art Deco timber transom panels and a concrete sun-shading ledge that spirals out of a circular window.
The conserved building will be integrated into a new residential development and kept fenceless along the main road and the river.
Last December, the company sold its freehold site, home to the landmark, to Malaysia-listed developer Selangor Dredging for $47 million. The site has a land area of 31,705 sqft and an allowable gross floor area of 88,775 sqft. It is near Potong Pasir MRT station and can yield 117 apartments averaging 70 sqm.
Selangor Dredging’s managing director Teh Lip Kim said that the building will be transformed into a “unique and lively commercial area” located next to a park connector, adjacent to the Kallang River.
“We are keen to contribute to sustainable projects where we can, and will put in our best effort to make these projects distinctive,” she added