Aug 10, 2012
Large mixed-use commercial precinct rising in MidrandBack
Construction|Waterfall City|Atterbury Property Group|Road|United States|Allandale Interchange|Buccleuch Interchange|Woodmead Interchange|Retail|Coenie Bezuidenhout
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Waterfall Business Estate, developed by Atterbury Property Group, will span from the Woodmead interchange through the Buccleuch Interchange to the Allandale interchange, joining Modderfontein in the east and Kyalami in the west and unifying northern Sandton and Midrand.
The estate will be a 1.6-million-square-metre mixed-use commercial precinct, with Waterfall City as the central business district.
It is set to be the largest urban concept devel- opment in the country, spanning 140 ha and offering 800 000 m2 of retail, office and home space. It will be centred on a 115 000 m2 shopping precinct with offices and apartments.
Atterbury Property Developments director Coenie Bezuidenhout explains that the estate is designed for people who long for the opportunity to live and work in a functional and healthy city. Buildings and streets are interwoven with public space and green space.
It will feature a large park similar to that of Manhattan’s Central Park, in the US. The main road will run beneath the park, removing the need to cross a busy city street to get from the business buildings area to the park.
Waterfall Business Estate will be market-driven and rolled out over the next 14 years, with a total value of more than R25-billion. Construction is set to begin later this year.
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