A new neighbourhood shopping centre, anchored by the largest convenience Woolworths Food store in the Western Cape, is to be built on a prime site in Claremont.
Situated on the bustling Palmyra Road, Palmyra Junction will boast a 1,200sq m Woolworths Food store and 18 other handpicked retail tenants.
With a gross lettable area (GLA) of 2,200sq m, Palmyra Junction is being developed at a cost of R50m by the Rabie Property Group on behalf of Insight. The centre, which will have 24 hour security with CCTV surveillance, will boast 140 dedicated parking bays being provided on site.
Rabie development manager Colin Anderson said it had taken eight years to assemble the site and get the necessary development rights in place.
"The Claremont area is under shopped in terms of convenience shopping as there simply have not been suitable large sites available for development. The existing shopping facilities in the area have thus been limited to strip shops or small redevelopments which all have parking limitations, so Palmyra Junction will really have a competitive advantage in that it will be able to provide both convenience and destination shopping."
Anderson said they were negotiating with many other key tenants, but would only start signing leases when they were certain they had the correct tenant mix.
The centre is located on one of the main thoroughfares in Cape Town's southern suburbs and in close proximity to about 20 leading schools.
"Weekday trading hours will be from 08:00 to 20:00 to benefit from the passing trade and provide a convenient shopping for parents dropping their children off in the morning or picking them up after school."
Anderson said the Woolworths Food store was being designed to be the "greenest" of all Woolworths Food stores countrywide. The green building measures include recycling energy for the underfloor heating, a grey water system and natural ventilation.
The centre will be set around an internal, open air piazza enabling restaurants and coffee shops to spill out and for patrons to enjoy the landscaped surroundings and mountain views.
The architecture of the centre, which is being built on an old railway siding, embraces a combination of steel, glass and face brick.
Ten studio apartments will be built above the shops providing potential work-from-home opportunities.
Construction is set to commence in December, with completion scheduled for October 2010.
For more information contact Colin Anderson on 021 550 7000.
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