ABLAND & TIBER ON SCHEDULE TO COMPLETE PHASE 1 OF THE SANDTON GATE
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/ ri/��Ғ =
