Abland and Tiber, joint developers of
the Sandton Gate precinct, are on track to complete Phase 1 of the much
anticipated mixed-use development. The first phase will include 15 500 m² commercial
space, 13 000m² P-grade office space and a 2 500-m² Planet Fitness positioned
on the piazza level of the building. Confirmed tenants will call Sandton Gate
home from 1st November 2019.
“Due to the high demand following the
launch of phase 1, we aim to break ground for phase 2 in 2020. We’ve redesigned
phase 2 to include more retail offerings that will include a grocery store and
pharmacy as anchor tenants, as well as a hotel and a holistic medical
offering. Other amenities will include restaurants, coffee shops, salons
and other convenience stores,” says Grant Silverman, Marketing and Leasing
Director, Abland.
The residential component of the
precinct, which will comprise 137 units of 2 and 3 bed penthouses, has launched
and infrastructural work and the bulk earthworks have started. With the
completion of residential first phase envisaged for Q4 2020, the developers are
aiming to hit pre-sale target by August this year which means construction of
top structure will commence Q4 2019.
Jurgens Prinsloo, MD, Abland notes
“With every project of this size we couldn’t ignore the need for road upgrades.
Abland undertook extensive traffic impact assessments to get an idea of the
traffic impact once the project is complete. As part of the infrastructural advancements,
a new intersection on William Nicol between Mattie and Sandton Drive is
currently underway. There will also be an introduction of additional lanes to
ensure seamless access to the precinct and decrease potential congestion around
the area. Ultimately, there are seven substantial upgrades that we’re doing
ranging from the Peter Place intersection, Republic intersection, Mattie
intersection, Sandton Drive and William Nicol.”
Side note: Phase 2 of the development will
be ready for occupation Q1 2021.
ABOUT ABLAND:
Abland continues to shape the South African
landscape for the better with prestigious mixed-use precincts and premium
commercial, retail, industrial and motor spaces. As a result of its commitment
to creating world-class property developments, Abland’s quality spaces have
attracted top local and international businesses for over 30 years. With
an innovative approach to property development Abland considers every detail
from sustainable building practices, transport links, connectivity,
state-of-the-art security, accessibility, green surroundings and improved work
performance to be able to create spaces in which South Africans can
break new ground.
More information at http:/www.abland.co.za/
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