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Mammoth R20bn mixed-use development to break ground in 2018

21st April 2015

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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The developers behind the large-scale mixed-use residential development, the “holistic” R20-billion Coega Ridge housing estate, outside Port Elizabeth, in the Eastern Cape, have confirmed that the project remains on track to break ground in 2018 and will likely slash Nelson Mandela Bay’s housing backlog of 87 000 units by providing over 40 000 mixed-income housing units.

Property group Nu-Way Housing Developments executive director Jordan Mann outlined at the Eastern Cape Construction Summit, in Port Elizabeth, last month that the ambitious project, which had the backing of the Coega Development Corporation, would “substantially” dent the metropolitan’s housing shortage.

“Moreover, as the Coega Industrial Development Zone (IDZ) attracts more and more top industries, we will [continue to] build housing in response to increased demand from all tenure groups,” he commented.

Coega Ridge would offer community facilities, schools, a university, a technical college, a hospital, neighbourhood shopping centres and a regional shopping centre spanning up to 110 000 m².

Also included in the development would be a light industrial area, a railway station, office parks and a sports academy. An upmarket eco-estate with a golf course and a hotel were also in the pipeline, added Mann.

“Town planning for the project could be completed by 2017, after which – pending approval from all relevant provincial and local stakeholders – ground on Phase 1 could break. The project would then unfold over six to ten years,” he said.

Project civil engineers Aurecon outlined that enough basic infrastructure services were in place to begin the first phase of construction, which would see the establishment of about 5 000 housing units.

“However, [the planned] bulk wastewater treatment works in the IDZ [will] unlock the greater development,” said Mann.

Earmarked for 3 200 ha of land along the R335 to Addo, Nu-Way was last year given the green light by the provincial Department of Economic Development, Environmental Affairs and Tourism to proceed with town planning for the project.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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