Developer Siam Sindhorn plans to turn the three-storey bazaar into a “lifestyle shopping and business hub”.
Established in 1993, The Old Siam Plaza is famed among Bangkokians and tourists as a treasure trove of Thai silk and traditional food and desserts.
The plaza’s architecture is also unique, having been modelled on the colonial-style buildings of King Rama V’s reign (1853-1910). It also boasts a prime location surrounded by the Tri Phet, Burapha, Phahurat and Charoen Krung roads.
The Old Siam shares the Phra Nakhon neighbourhood with Yaowarat (Chinatown) and Pak Khlong Talat (the flower market). It also has parking for over 1,100 cars and is close to Sam Yot MRT station.
Siam Sindhorn plans to “give a new look” to The Old Siam after three decades as a classic shopping centre for Bangkokians.
“The new Old Siam will be a hub of business, lifestyle, shopping and residences for modern people,” said Apichai Siridumrongphun, Siam Sindhorn’s assistant managing director for Commercial Building Business. It would also be spruced up to welcome more tourists visiting Bangkok’s historic Rattanakosin Island, he said.
Renovation work will cover 98,500sqm of service areas and 17,945sqm of the plaza and include rezoning to suit the needs of customers and businesses.
The first floor will feature jewellery retailers and wholesalers, as well as Thai dessert stalls. The second floor will be devoted to Thai silk, evening gowns, and wedding dresses in one of the country’s biggest clothing markets.
The food court and fresh market will be moved up to the third floor and rearranged under various themes.
Meanwhile the top floor will be residential, with 128 luxury apartments starting at 95sqm. The 13,000sqm residential complex will come equipped with meeting rooms, a fitness centre and a sky pavilion catering to working people, business travellers, and modern families looking for a city lifestyle and convenient transport.
At 13.6 rai (2.176 hectares), the renovated Old Siam Plaza will be the largest mixed-use project on Rattanakosin Island, said Apichai.