{"id":343868,"date":"2019-10-01T10:52:23","date_gmt":"2019-10-01T08:52:23","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=343868"},"modified":"2019-10-01T10:52:23","modified_gmt":"2019-10-01T08:52:23","slug":"a-massive-r1-2-billion-redevelopment-project-is-taking-shape-in-joburgs-cbd","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/343868\/a-massive-r1-2-billion-redevelopment-project-is-taking-shape-in-joburgs-cbd\/","title":{"rendered":"A massive R1.2 billion redevelopment project is taking shape in Joburg’s CBD"},"content":{"rendered":"

Property developer Atterbury says is making progress on its R1.2 billion <\/span>Jewel City redevelopment project in Johannesburg’s central business district (CBD).<\/p>\n

Atterbury posted updated images of how the rejuvenation is progressing, a year in to the project.<\/p>\n

Jewel City is located in the eastern CBD of Johannesburg, on Fox Street, between the existing Maboneng and Absa precincts.<\/p>\n

The redevelopment consists of six city blocks, five of which have existing commercial buildings.<\/p>\n

Progress:<\/strong><\/p>\n

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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.<\/p>\n

The project is been handled by DiverCity, which is partnership between Atterbury and iThemba Property (previously Circlevest).<\/p>\n

Upon completion, the new district will include:<\/p>\n