Name of the Project
City of Johannesburg inner city revitalisation project.
Location
Johannesburg, Gauteng, South Africa.
Client
City of Johannesburg.
Project Description
The project aims to deliver at least 4 000 low-cost housing units to inner city residents and, in turn, address the housing backlog.
The project will, over several phases, result in 500 buildings being redeveloped, with between 50 to 100 buildings a year to be put out to tender.
During Phase 1, thirteen buildings were put out to tender.
During Phase 2, the City of Johannesburg has put 71 properties out to tender for private-sector development into mixed housing, student accommodation and small-business rental space.
The 71 properties are spread over 35 areas in the city, including Braamfontein, Yeoville, Hillbrow, Marshalltown, Jeppestown, Pageview/Vrededorp, Turffontein, Newtown, Greater Ellis Park/Doornfontein and New Doornfontein, as well as Salisbury.
The bids are required to cater for monthly rental income of R800 to R1 000 in at least 20% to 30% of the development.
Potential Job Creation
Phase 2 is expected to create about 5 000 jobs during construction.
Value
Not stated.
Duration
Not stated.
Latest Developments
Tender bids for Phase 1 are being evaluated.
Bids for Phase 2 will close in November.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
City of Johannesburg, email mediaqueries@joburg.org.za.