ITC’s $300M mixed-use development to open in 2021

WCN Editorial Team 17 May 2016 ASIA BUILDINGS

The 35m-deep foundation for a $300M mixed-use complex in Sri Lanka is nearing completion.

Designed by Gensler and developed by ITC Limited subsidiary WelcomHotels Lanka Private Limited, the complex will include about 350 rooms on 25 floors in the first phase, over 130 luxury residences on 50 floors comprising master penthouses, penthouses, four-, three- and two-bedroom apartments, banqueting and cuisine experiences, as well as retail and serviced office spaces.

The project, named ‘ITC One, Colombo 1’, will generate direct employment for around 800 people and indirect employment for another 400 people in its various components.

WelcomHotels Lanka managing director Arun Pathak said: "The ITC One, Colombo 1 is a very exciting development, creating an international icon for Colombo, offering the best international quality in hospitality and residences.

"It truly represents the splendour of gracious living. It is set to be an employment-multiplier and will undoubtedly become a vibrant symbol of Sri Lanka’s resurgent economic growth."

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