Chulalongkorn University is prepared to demolish Lido Theatre and transform the area into a new shopping mall.
According to the university’s Property Management Office, an area of around 7-8 rai surrounding Lido Theatre will be transformed into a new shopping mall after leases granted to Lido and other shops in the area expire in 2013. The university plans the construction of the new mall to begin in early 2014.
Currently the university is developing the Siam Square One project which is located next to Lido. The project is expected to finish in December next year.
The Property Management Office said that the university’s land plot on Rama 1 Road is the prime spot for shopping malls. After Siam Theatre was burned down during the political unrest, the university has changed it to a shopping complex under the Siam Square One project. The planned transformation of Lido Theatre and its surrounding area including the adjacent Scala Theatre constitutes the second phase of development of this land plot.