Clare­mont’s Palmyra Junc­tion on track to open in Novem­ber

Weekend Argus (Saturday Edition) - - PROPERTY -

CON­STRUC­TION of Palmyra Junc­tion in Clare­mont is on track for com­ple­tion in Novem­ber.

The new mixed use devel­op­ment on Palmyra Road, one of the main souther n sub­urbs schools runs, con­sists of a shop­ping cen­tre and stu­dios.

Palmyra Junc­tion will be an­chored by a 1 200m 2 Wool­worths food store – one of the re­tailer’s largest stand­alone food stores in the Western Cape – and 18 other re­tail ten­ants.

With a gross let­table area of 2 200m 2, Palmyra Junc­tion is be­ing de­vel­oped at a cost of R50 mil­lion by the Ra­bie Prop­erty Group. The cen­tre, which will have 24-hour con­trolled ac­cess and CCTV cov­er­age, will also have 150 ded­i­cated park­ing bays on site.

Ra­bie di­rec­tor Colin An­der­son says Palmyra Junc­tion is set to change shop­ping habits in the south­ern sub­urbs and thanked res­i­dents for their pa­tience dur­ing con­struc­tion.

“The worst is over. We have had an over­whelm­ing re­sponse from the com­mu­nity with many res­i­dents in the area, par­tic­u­larly moms do­ing the school run, com­ing for­ward with their wish list of shops they would like to see in the cen­tre. It has been quite ex­tra­or­di­nary and gives an in­di­ca­tion of how suc­cess­ful the cen­tre will be,” he says.

“It took eight years to as­sem­ble the site and get the nec­es­sary devel­op­ment rights in place. The Clare­mont area is un­der-shopped in terms of con- ve­nience shop­ping, as there sim­ply have not been suit­able, large enough sites avail­able for devel­op­ment . The ex­ist­ing shop­ping fa­cil­i­ties in the area have been limited to strip shops or small re­de­vel­op­ments which all have park­ing lim­i­ta­tions, so Palmyra Junc­tion will re­ally have a com­pet­i­tive ad­van­tage.”

An­der­son says the de­vel­oper is in the process of con­clud­ing leases for about 85 per­cent of the space.

Con­firmed ten­ants in­clude a flag­ship store for Knead bak­ery, Vida-e, Tosca hair and beauty sa­lon, Vet & Pet sup­ply store and Jou­bert & Monty’s.

Leases have also been signed with cloth­ing bou­tiques and a gift shop and ne­go­ti­a­tions are un­der way with restau­rants, fast food out­lets, an art shop, a book­store, a dry clean­ers and a health care shop, among oth­ers.

Ten stu­dios are also be­ing built above the shops, pro­vid­ing po­ten­tial work from home op­por­tu­ni­ties.

An­der­son says week­day trad­ing hours will be from 8am to 8pm, to ben­e­fit from pass­ing trade and pro­vide con­ve­nience shop­ping for par­ents drop­ping their chil­dren off in the morn­ing or pick­ing them up af­ter school.

The cen­tre will be set around an open-air pi­azza where restau­rants and cof­fee shops can spill out so pa­trons can en­joy the land­scaped sur­round­ings and moun­tain view.

For let­ting en­quiries, call Tar­ryn Cothill on 021 550 7000.

OPEN AIR EX­PE­RI­ENCE: An artist’s im­pres­sion of the soon to be com­pleted Palmyra Junc­tion in Clare­mont, which is set to charm par­ents who pass it on their morn­ing and af­ter­noon school runs.

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