Lot 1 mall, part of JB Waterfront City

The Lot 1 mall was constructed for more than RM100 million in 2000 as part of the Johor Bahru Waterfront City floating project.

The RM6 billion project, which was intended to consist of 10 parcels, was launched in 1996.

Office blocks, condominiums, and a hotel were planned for the 2.5km seafront, but no other development took place except for the construction of Lot 1.

The state decided to abandon the floating city project in 2003 due to environmental concerns, as well as an economic downturn.

There were proposals to redevelop the complex, but they were never realised.

Only the open car park area is used to warehouse repossessed vehicles recovered by MBJB.

Transbay Ventures Sdn Bhd, a 70:30 joint venture between


Pilecon Engineering Bhd


and the Johor state government, built the Lot 1 mall.

On January 27, 2006, the Kuala Lumpur High Court granted an order to liquidate the company on Jan 27, 2006.

The mall has over 400 units and a net retail space of 380,000 square feet.



It closed down in 2003 after operating for three years.

The RM1 billion redevelopment plan, according to the source, comprises constructing a new platform atop the existing piles, which were built more than a decade ago.

"Because they were built many years ago, the existing piles need to be reinforced. A slab will have to be installed by the developer. There will be an embarkment along the slab to prevent water from entering the development and protect the properties," the source said.

When contacted, Samual Tan, executive head of KGV International Property Consultants, said that if Lot 1 is redeveloped, it will beautify JB city centre, particularly the Ibrahim International Business District (IIBD).

"It will become more realistic and tangible as a result of this. It will also attract investors and a large number of tourists.



Currently, Heritage Village and Puteri Harbour are the most prominent tourist destinations in Johor Bahru. With the redevelopment of Lot 1, it will have another tourism draw in the future, which would benefit the entire state," he told NST Property.

This post has been edited by plouffle0789: Jul 7 2023, 12:06 PM

apa cerita, got ghost?

Can always sell to PRC

Almost joined the construction team in 1995.
LOL

Sinki takda mari

Sport Zone Cafe..

construction team still got paid rite

https://www.google.com/amp/s/www.nst.com.my...rmed-gdv-rm1bil

If not mistaken they even repainted it lulz

Just the memories of almost joining the consultant.

Been there a few times then closed down. What can we do abt it

Go further up.. danga bay ..nice nice nice

fuuuuu lubuk ikan ini

If they demolish, please think far ahead and integrate with LRT/MRT

This post has been edited by TruboXL: Jul 6 2023, 06:02 PM

Duty Free Zone?

because no Aeon mall there, deswai not happening place

they are quite a few abandoned buildings in jb

why no open cheong

I thought it's going to be a carpark building ? What happen?

Plaza rakyat at KL also same