An Enriching Ecosystem comprising of Co-working space, Dining and Leisure at JAYA ONE
PETALING JAYA, 5 October 2018 – Excitement was apparent in the air as Bina Tetap Tiara Sdn Bhd, subsidiary to the developer of Jaya One in Section 13, Petaling Jaya, recently revealed their new and bold plans for “The Square” by Jaya One – touted as the latest congregation point for a pet-friendly space where entrepreneurship meets fun and happiness. This cohesive offering of co-working space (the first co-sharing office to embody the pet-friendly environment), restaurants, performing art space and office suites will reshape the perception of commercial space and inspire entrepreneurs to rediscover their business DNA.
(L-F): Official announcement of ‘The Square’ by Jaya One team: Tiara Teh, Jaya One Management S/B Head of Leasing with Charles Wong and William Wong, Executive Directors of Bina Tetap Tiara S/B.
As part of the Jaya One establishment, with renovations to “The Square” (originally known as “Palm Square) started in March 2018, the RM 15 million facility sits on a space of 75,000 sq. ft previously occupied by eight bungalows with a Gross Floor Area of 110,000 sq. ft, and is expected to encompass 45% offices, 40% F&B outlets while the remaining 15% will be filled in by PJ Live Arts, a vibrant neighbourhood performance venue also by Jaya One. “The Square” features a bold industrial design that is polished and stylish-modern in looks and comprises of three main pavilions – each encased in blue corrugated metal sheets fixed with translucent corrugated sheets for the internal walls and roof, allowing natural light to illuminate the area.
Charles Wong, Executive Director of Bina Tetap Tiara Sdn Bhd said, “Jaya One was one of the pioneer developments around Section 13 which begun in 2008. Since 2015, our neighbours (properties surrounding Jaya One) have also moved on to capitalise on this amazing location, with new developments sprouting around us. We realised that we are no longer a standalone and that Jaya One has to also change in a complementing way to keep ourselves relevant.
“Coincidentally, there is an increase of interest in Co-Working Spaces, and we felt that Co-Working Spaces would speak the most universal language with respect to connecting with the changing commercial and residential landscape in Section 13,” Charles added.
“The Square” will operate around the basis of four championing points – entrepreneurial lead, late-night dining options, pet-friendly and urban farming. Riding on these points, each tenant (offices and retail) will become part of the eco-system to help champion The Square’s Brand Touch Points. This community-driven space will also house Malaysia’s leading and thriving co-working space, Common Ground. Functioning on two floors, Common Ground will be operating their latest 21,000 sq. ft co-working space facility at The Square dedicating the ground floor to be pet-friendly – keeping in with the spirit of The Square’s Brand Touch Points. Patrons will be able to benefit from the late-night dining options available by eateries at “The Square”, giving them a choice of good quality food after a long day at work.
Additionally, it will be made compulsory for eateries to have 30% al fresco dining in order to cater to customers with pets, whilst the inside of the restaurants can also serve as a venue for events / corporate events when there is demand. Furthermore, as a space that champions entrepreneurs and communities, “The Square” will initiate an urban farming project with home growers to help market their produce to a bigger audience. “The Square” also looks forward to working with NGO’s and local governments in the near future in order to develop this ambitious project in a sustainable manner.
“We have been supporting the home-growers community conducting occasional weekend markets for them to sell their produce. For this farmer’s market concept, we would like to help them flourish by providing a sustainable platform for the home growers to trade their produce with our tenants (eateries),” said Charles. With GreenRe Rated Compliance, “The Square” also features an edible landscape as part of their initiation to promote urban farming projects.
When fully operational, the place will be able to accommodate 13 office lots (excluding Common Ground) ranging between 500 sq. ft – 3,600 sq. ft on the first floor and 15 retail lots on the Ground Floor. Available for rent, the office units are partially furnished with flooring, lighting and air-conditioning, making it easy for entrepreneurs to move in quickly with minimal renovations required. Prices for the units will be offered at RM 4.00 – RM 5.50 per sq. ft for the first floor and the offices will be available to rent from December 2018 onwards. The retail shops on the ground floor have already achieved 65% occupancy rate where it is priced between RM 8.00 – RM 10.00 per sq. ft, depending on size.