Jewel City and Towers Main on track for Joburg CBD

The transformation of Johannesburg’s inner city continues with a substantial investment in two Divercity Urban Property Fund developments, Jewel City precinct and Towers Main. Residents started moving into the new live-work-play neighbourhoods that will change the face of the CBD.

“Market response has exceeded our expectations, reaffirming that Towers Main and Jewel City are ideal for what people want from inner-city living,” says Atterbury Property development manager Derrick Pautz.

Divercity Urban Property Fund aims to re-energise SA’s urban centres by creating inner-city precincts with multifunctional, inclusive neighbourhoods, integrated commercial buildings and affordable accommodation. Its principal shareholders are Atterbury Property, Ithemba Property and Talis Property Fund.

Towers Main is designed to connect with Jewel City, which in turn connects to vibey Maboneng. A walkway will run the length of 10 city blocks through all three precincts.

The 30-storey Towers Main building is being renewed to help service demand for urban accommodation with 520 affordable rental apartments, whereas Absa leased nine floors with 10,000m2 of office space.

Six city blocks are being revitalised as part of the adjacent Jewel City. This mixed-use precinct includes 1,200 residential apartments in its first phase and will offer amenities such as the development’s first 14,000m2 of commercial space that includes a Curro school and Fives Futbol fivea-side fields.

The first residents took occupancy in December.