US $7M OFFICE AND RESIDENTIAL COMPLEX SET FOR LA LUCIA MALL SITE

South Africa is set to add a US $7m office
development and a seven-floor residential complex in La Lucia Mall site in
KwaZulu-Natal at the site of a free parking lot of the mall.

Regional Head of owners of the mall, Growthpoint Properties, Greg de Klerk and said: “Both of these
developments are very much in the design concept stage. The architect’s
impressions are subject to refinement and provided we get the necessary
approvals from council, the developments are still at this stage under
consideration. We also are yet to have the developments approved through our
investment committee before going to the marketplace.”

He explained that the office development, situated
next to the gym at the La Lucia Mall site, will be tenant-driven. It will be
around 4,200 m² and will be a green star-rated building. The mall
site is zoned for offices and we’ve had to apply for a height relaxation on the
business side as well as the residential side,

“We have done extensive market
research, and we feel there is a need for higher density residential flats in
that node. At this early stage, the apartment would be seven levels high with
three levels of parking above ground. All the apartments will have sea views,”
said De Klerk.

Upon receiving the necessary
approvals the project is likely to commence with office development in January
2020 and completed by December same year. He added that with regards to the
residential development, it will begin with laying the groundwork in September
and construction likely to commence in January next year and completed by April
2021.

“We have advertised the proposals and circulated letters informing the immediate neighbours of the development and nothing has yet been decided as we are awaiting the go-ahead from council. As far as the residential complex is concerned, the plan is to have 62 apartments with varying configurations.https://constructionreviewonline.com/2019/05/south-africa-to-add-us-7m-office-and-residential-complex-in-la-lucia-mall/