BRIDGE CITY, DURBAN THE OPPORTUNITY TO INVEST IS NOW!
Bridge City is a truly ground-breaking project in the history of South Africa in which small, medium and large-scale developers have an opportunity to participate. This is the VERY FIRST major fully-integrated mixed-use town centre developed in a historically disadvantaged area of South Africa, an area where vast numbers of people live, yet which is significantly under-serviced. There is a currently limited shopping experience for the residents of the area, and no offices to speak of.
More than 1 million people live within easy access of Bridge City. A modern integrated town centre is being created, comprising retail, commercial & offices and residential.
Bridge City is situated at the intersection of the Inanda, Ntuzuma and KwaMashu INK residential communities, and also Phoenis and the Phoenix Industrial township.
Over the last 12 to 18 months, Tongaat Hulett Developments, in JV with the eThekweni Municipality, have been putting in place the infrastructure needed to support a project of this nature, and the precinct is now becoming a reality:
• The Bridge City Mall (42 000 m2) is almost complete (opening late October 2009)
• The rail station is expected to be operation in the 1st Quater of 2011 and together with a bus and taxi rank (opening March 2010) will form an inter model transport facility. This integrated facility will service 100 000 people per day
• New Regional Magistrates Court and District Hospital
o Earthworks for Regional Magistrates Court have started and construction to commence in September this year.
o Earthworks for the new Regional Hospital to commence before the end of 2009 with construction commencing in May 2010
• Main roads have been completed
• Landscaping of medians and sidewalks to commence in September 2009
Opportunities for developers and property entrepreneurs include the following
• Separate freehold sites from 500 to 4000 m2, and Larger
• Floor area ratios between 0.5 and 6.0
• Bulk between 760(SMME) and 30 000 m2, full range of site (SMME to large high bulk mixed use development).
• Prices range between R550 (Residential) and R900 (Commercial) per bulk m2
This project is in an area that contains a massive demand for live, work and play. Developers can now take advantage of the significant investment, property fundamentals and critical mass which have already been put in place, necessary for any successful development to thrive.
For further information please contact
Taryn Muller of Pam Golding Properties at 031 313 7000 or 0795264225 or taryn.muller@pamgolding.co.za
David Reid of Pam Golding Properties at 011 341 1300 or 0832867936 or david.reid@pamgolding.co.za
Soo Meyer of Tongaat Hulett Developments at 031 5601900 or Soo.Meyer@thdev.co.za
The Bridge City Sales office at 031 500 4628/38 or bridgecity@webmail.co.za
Bridge City web page at www.bridgecity.co.za
Tongaat Hulett Developments - 20 Aug 2009
