The Final Years
In early 2008, the new owner of the Atria, OSK Property Holdings Sdn Bhd, proposed to redevelop the Atria which occupies a land area of 238,539 sq ft (22,161.0 m2), into a 33-storey office tower with a 4-level retail podium and a 3½ level basement car park. In January 2009, OSK proposed to redevelop the property into a more upmarket retail and commercial destination for Petaling Jaya folks. The redeveloped modern shopping mall will have gross lettable area of 1.3 million sq ft (121,000 m2)and also some low-rise shop offices. The development order had been obtained in 2008 and the project is expected to kick off in the later part of 2010. The potential gross development value of some 1 billion Ringgit is expected be realised by 2012.
On 14 April 2010, OSK Property executive director and chief executive officer Gerard Tan Boon Chuan mentioned at the company's shareholders meeting that the development order had been endorsed and the redeveloped Atria with a potential gross development value of up to RM1 billion, would feature a four-storey podium and two 18-storey towers. It was also mentioned that there will be an increase in parking facilities with over 2,000 bays available.
The development signage put up in August 2011 indicates that the Atria will be demolished over a 6-months period. The redevelopment will be carried out by Atria Damansara Sdn Bhd and would consist of a four-storey podium and two 16-storey towers. When completed, the podium will have 450,000 sq ft (42,000 m2) of retail space for lease and 1,830 parking bays housed in two levels of underground parking and five levels of multi-storey parking.
Read more about this topic: Damansara Jaya, Atria
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