Will Union Square and CanningHill Piers breathe new life into Clarke Quay? For several years, editorials and news headlines have painted a dire picture of the nightlife at Clarke Quay. Prominent and familiar F&B operators have exited the market, and most tenants point to rising rents, stiff alcohol duties, and high labour costs that make it challenging for businesses to stay in the game. These are challenges that F&B businesses in the area must navigate in the coming years. But how can we approach the revitalisation of the area from a real estate perspective? The way forward seems to be repositioning older assets and redeveloping them into more dynamic mixed-use developments that have a wider placemaking effect on the riverside precinct. We saw CDL and its partner, CapitaLand Development, take the first step in this direction with the redevelopment of the former Liang Court, now CanningHill Piers. Sitting across from Fort Canning Hill, this integrated development...