Urban Renewal Authority 2018-19 Annual Report

43 OPERATING REVIEW Peel Street/Graham Street, Sheung Wan This redevelopment scheme, comprising three sites (A, B and C), has been incorporated into a master layout approval to be undertaken in phases. Foundation works at Sites A and C are underway. Superstructure works for Site B have been completed and an Occupation Permit obtained in December 2018. A public open space abutting the wet market block to connect Graham Street and Peel Street will soon be available for community to enjoy. At Site C, a more than a century-old shop house at 120 Wellington Street will be retained for adaptive reuse as a ground floor retail shop along with the preservation of character-defining elements of the façade of tenement buildings at 26 A-C Graham Street in order to preserve the street character of Graham Street Market. In addition, some of the old brick structures at Cochrane Street and the concrete signage of 118 Wellington Street will be incorporated into the public open space. The low-level podium will also serve as a convenient pedestrian access way connecting to the mid-level escalator. The whole complex in H18 will form one of the three strategic nodes under the URA’s “CONET”* place-making concept in Central and Western district. * CONET stands for Community, Open space and NETwork. The Graham Market is an iconic spot for the community.