A Thai developer has revealed plans to convert a prime corner site in Bangkok’s Silom district into a futuristic retail and office centre.

Silom Center, on the corner of Silom and Rama 4, adjacent to the BTS Skytrain and underground MRT stations will be redeveloped by the third quarter of next year.

The development is being undertaken by Property Perfect and We Retail PCL who believe that, once finished, the building will put the suburb on a par with Siam and Phloen Chit, both anchored by luxury malls and populated by luxury brands and high class eateries.

The project will combine a retail mall and office space with new connections to the Sala Daeng BTS elevated walkway.

The property developers also announced several other developments in Bangkok.

The company is constructing the Sukhumvit Center in Nana which will feature a 30-storey high “six star” Hyatt Regency hotel and two levels of shopping space when it opens at the end of 2017.

And in nearby Asoke the company plans to convert a Robinson department store located beneath the Westin Hotel into a retail centre branded Sukhumvit Center Asoke. That project will not be completed until late 2021, however.