amalgamated

Two Ways Joburg Could Completely Change Over The Next 20 Years

Sat, 24 Mar 2018 14:40:35 GMT

Following the approval of Johannesburg’s Spatial Development Framework 2040, the Department of Development Planning and Urban Management has called for public comment on two proposed policies which are expected to drastically alter how the city will operate over the next 20 years.

A Large Section Of Rosebank Along Oxford Road Will Be Construction Zone For The Next Few Years

Fri, 22 Dec 2017 14:36:43 GMT

A large section of Rosebank along Oxford Road will be construction zone for the next few years, as a massive new precinct goes under development, bringing 300,000 square metres of mixed-use space to the area.

Being developed by Intaprop , the Oxford Parks development officially kicked off construction in November 2017, with the first phase of the project getting underway.

The completed precinct will be within walking distance of Rosebank retail, hotels medical facilities and schools and will be built within Green Star standards. The development is expected to stretch between Bompas Road and Jellicoe Road in Dunkeld, nestled between Rosebank central and Illovo.

It has been proposed that 200,000 square metres be dedicated to offices and ancillary retail, and 100,000 square metres reserved for residential use. While the total development cost has not been published, it is expected to be a multi-billion rand development, with phase one reaching close to R1 billion alone.

The development has been compared to similar precincts in the area, mimicking a style reminiscent of the nearby Melrose Arch – an open space ‘lifestyle’ project that brings together commercial and retail space, all around a ‘pedestrian friendly’ environment.

“Commercial office space will be built to a P Grade standard to reach a minimum of a 4 Star Green Star rating. The precinct will be managed privately by the owners association,” Intaprop said.

Model and Concept

A Massive 120,000 Square Metre Development Set To Replace Cape Town's Ratanga Junction Theme Park

Sat, 02 Sep 2017 14:31:40 GMT

A 120,000 square metre development, which includes residential, commercial, hospitality, and possibly retirement units, is set to replace Ratanga Junction theme park.
The park is set to finally close its doors on 1 May .
More details of the development will be released once approval is granted by the City of Cape Town.

The theme park at Cape Town's popular Century City is set to officially close its doors on 1 May.

"While individual projects are still being finalised, the overall vision for the redevelopment of Ratanga remains that of a mixed-use development comprising commercial, residential (possibly including retirement) and hospitality/leisure components set around waterways and a public park," Rowley said.

"The redevelopment will take place on a phased based over a number of years."

Rabie Property Group is currently engaged with an approval process with the City of Cape Town, Rowley added.

"It is unlikely that we will be in a position to announce any specific projects in detail much before the end of the year."

Rabie Property Group announced Ratanga Junction's closure near the end of 2017 , saying the it had been a "long time coming".

Rabie director John Chapman said the closure was planned since the group acquired Century City in 2004.

"The oversized facility, lack of consistent demand for a theme park, seasonal weather, expensive maintenance and running costs, as well as the ageing equipment, had all contributed to an unprofitable facility when we acquired it," Chapman said in a statement at the time.

Meanwhile, Ratanga Junction's smaller rides would be moved to a nearby facility.

Talks are also underway with the City of Cape Town to find a suitable spot for the Theme Park's bigger rides.

The Ratanga Junction brand and name is expected to remain as it is, the park's Bill Taylor told local radio station Kfm.

Until Ratanga Junction's closure on 1 May, Capetonians can enjoy the theme park at a discounted price of R95 per day.