Cap Square Tower (the fully glass tower block that was previously the stalled OT2 office block) stands completed in 2014. Menara Multi-Purpose can be seen behind it.
Capital Square, commonly referred to as Cap Square, is a residential condominium skyscraper and shopping mall along Jalan Munshi Abdullah, in midtown in Kuala Lumpur, Malaysia,[3] developed by Bandar Raya Developments Berhad. Apart from retail spaces, the development encompasses one 36-storey condominium block and one office block under phase 2.[4] Phase 1, which comprised a single 40-storey office block, Menara Multi Purpose, was completed back in 1994.[5] Menara Multi-Purpose is also home to Bandar Raya Developments Berhad's corporate headquarters. The completed 36-storey residence component of the Cap Square development comprises 180 apartment units.[6]
History
In the 1930s what is now CapSquare was once a public park as well as an Eastern Hotel; after World War II the park was replaced by several cinemas.[7]
Development of Capital Square was put on hold since 1997 due to the Asian financial crisis. The only fully completed structure then was the Menara Multi-Purpose, which was completed in 1994. Construction of a second office block (OT2) stalled and its partially completed structure remained abandoned for about 10 years. In January 2008, Bandar Raya Developments Berhad announced that it had entered into a conditional sales and purchase agreement with Union Investment Real Estate AG for the en bloc sale of the 41-storey OT2 for RM439 million. Construction of OT2 has since resumed and was completed in 2011.[8]
Events
On 28 March 2009, Cap Square held a night charity walk in conjunction with Earth Hour.[9]
UAE-based Lulu Hypermarket has opened its first Malaysian store in the project in June 2016.[10]
