Regeneration: The preliminary concept plan for "Old Shop Street" and the open market.

The Urban Renewal Authority will spend about $3.8 billion to turn Peel Street/Graham Street in Sheung Wan into Hong Kong's first "Old Shop Street".

Measuring a total site area of about 57,240 square feet, the project is bounded by Peel Street, Graham Street, Gage Street, Wellington Street, Cochrane Street, Gutzlaff Street, Staveley Street and Kin Sau Lane in the Central & Western district.