Property developer Atterbury says is making progress on its R1.2 billion Jewel City redevelopment project in Johannesburg’s central business district (CBD).
Atterbury posted updated images of how the rejuvenation is progressing, a year in to the project.
Jewel City is located in the eastern CBD of Johannesburg, on Fox Street, between the existing Maboneng and Absa precincts.
The redevelopment consists of six city blocks, five of which have existing commercial buildings.
Atterbury development manager, Derrick Pautz, said the plan is to open up the precinct which has been closed to the public for several years, and ‘pedestrianise’ Fox Street, creating a safe, green, space for people to enjoy.
The project is been handled by DiverCity, which is partnership between Atterbury and iThemba Property (previously Circlevest).
Upon completion, the new district will include:
- 20,000 square metres of commercial office space
- 7,000 square metres of retail space at completion
- 1,550 new residential apartments
- 40,000 square metres in brand new buildings
- Safe pedestrian urban precinct
- Vibrant living, shopping and office environment of six city blocks
- Ample parking
- Convenience retail
- Fast food outlets and restaurants
The projected timelines are for the redevelopment to be complete by mid to late 2020, with the first residential units being completed in the last quarter of 2019.
Location and Plan
Block 1 – Residential and Retail
Block 2 – Commercial and Retail
Block 4 – Retail
Block 5 – Commercial and Retail
Block 6 – Residential and Retail