Property developers, Flanagan & Gerard Group and Moolman Group, have signed an agreement with Emfuleni Resorts to extend and upgrade Port Elizabeth’s Boardwalk precinct.
The redevelopment will more than double the retail space in the precinct when it opens in 2021, and is expected to cost R600 million.
The precinct currently comprises of a 6,000sqm Boardwalk Casino, 140 key 5-Star Boardwalk Hotel, conference facilities, 11,800sqm of existing retail and a five-screen Nu Metro cinema complex.
The redevelopment will see this increase to 26,000sqm, including new shops, restaurants, and a new Sun Park Square designed to host major events.
Other new developments will include two supermarkets, one speciality food store, two pharmacies and two or more major banks.
“We are delighted that the Boardwalk mall development is back on track, said Anthony Leeming, CEO of Sun International.
“When it is complete, the new and expanded mall will complement the Boardwalk’s other leisure offerings, and further serve the needs of surrounding communities.
“We view the new mall to be an essential component of the broader Boardwalk precinct, which was identified and earmarked by the Nelson Mandela Bay Metro as an important growth node. We are confident that it will accelerate the metro’s economic growth, job creation and increased returns to the province.”
Work on the project is planned to commence in early 2020.