Description
Parkway Parade 80 Marine Parade Road Offices for Rent
Parkway Parade is a suburban shopping centre in Marine Parade, Singapore. Officially opened in March 1984, it has a 17-floor office tower and a seven-storey shopping mall with a basement.
Developed by Parkway Holdings, the company sold the building to Asia Pacific Investment Company in 2000. The mall is managed by Lendlease.
The development of Parkway Parade began in March 1981. Developed by Parkway Holdings on a 31,536 square metres (339,450 sq ft) plot along Marine Parade Road, the complex comprised a 15-storey office building and a six-storey shopping podium, and was expected to cost S$250 million.
The mall was designed after American suburban shopping centres, and Parkway Holdings sought advice from American and Australian consultants for its design.
In order to meet an Urban Redevelopment Authority deadline, the building contractor, Kajima Corporation, used a proprietary flat-slab construction technique to construct the complex.
At the time of completion, Parkway Parade was one of the first suburban shopping malls in Singapore. It featured many major tenants setting up their stores in the suburbs for the first time, such as Isetan, Marks & Spencer, Best Denki (then known as Yaohan Best), children’s department store Small World and MPH Bookstore.
It also featured a wide array of food choices, including a Chuck E. Cheese’s Pizza Time Theater that was open from December 1983 to 1984-1986 (located inside Small World), Hardee’s and Petite Park, and also had an mini theme park occupying Levels 3 and 4 (Funland), and a playground at Level 7, which was the first and largest mall playground in Singapore at that time.
The mall was also home to the second Singapore outlet of Border’s bookstore in 2007, together with Dôme Cafe sharing a portion of its floor space.
In 1992, Weekend East claimed that Parkway Parade was one of the most successful malls in Singapore, with 12 million visitors annually. In March 1995, Parkway Parade upgraded by changing their floor tiles and improving toilet facilities. By the time of the upgrade, it was known for selling “fashion wear”.
In 2000, the property was sold to Asia Pacific Insurance Company, and subsequently Lendlease was appointed to manage the mall.
In 2015, a mix of retail shops was introduced to keep the mall updated. Best Denki, was relocated to Level 3, together with six rows of retail shops taking a part of the hypermarket space. A seven-screen Cathay Cineplex opened in September 2017, taking over the former True Fitness space at Level 7.
Giant ceased operations after an 18-year tenancy at Parkway Parade in February 2020, with FairPrice Xtra coming in as an anchor tenant that opened thereafter in 2021. Isetan has ceased operations in late January 2022 after 38 years in operation.
Price Range: $6.9psf
Unit Available: 926sqft each unit
Total Retail: 565,697sqft No. of Floors: 7
Public Transit: TE26 Marine Parade MRT Floor Area: 52,555.0 m2
Call / Whatsapp Vincent: 93799993
