R505m Sandton development expected to be completed in 2014
Property group Redefine has reported that the the group’s largest commercial office development to date, the R505-million redevelopment of a commercial office property at 90 Grayston Drive, in Sandton, is on track for completion in July 2014.
Once completed, the 16-storey 19 343 m2 office building would offer nine office levels above an elevated atrium, 11 parking levels comprising five basement levels and six above-ground levels, and its own cafeteria.
In addition, as the company expected a future increase in the use of public transport and a decrease in private vehicle use, the building’s top two parking levels were designed to enable them to be reclaimed as office space.
Redefine Properties develop- ment head Mike Ruttell said the project, which aimed to obtain a Green Building Council of South Africa four star Green Star South Africa rating, was indicative of the company’s strategy of increas- ing the number of premium-grade properties in its investment portfolio.
“We are making good progress on the development and it is exciting to see this landmark tak- ing shape in the sought-after central Sandton node. The devel- opment represents an iconic, sus- tainable office development, which optimises energy consumption, reduces running costs and uses resource-efficient methods of construction and installation of services,” he commented.
Urban Genesis city improvement district manager for Sandton Central Management District Elaine Jack said e
very development in Sandton central was welcome, as it meant that devel- opers and property owners value the node.
90 Grayston is being developed on the site of the former Allcare House, which was demolished in March 2012.
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