Randsteam, Richmond | Moolman Group

DESCRIPTION

Moolman Group, in partnership with Jonker Evolution has acquired a prime site in Richmond, i.e. the old Randsteam Laundries site, northwest of the Johannesburg CBD.

The site is optimally located on the very busy Barry-Hertzog Ave, which allows it to capture transient support and is also well located between the office, student and residential markets.

Important landmarks surrounding the site includes the Millpark Hospital, the University of Johannesburg, Wits University, SABC, Media 24 as well as other major office components.

Maboneng Precinct, Greenside, Parkhurst (4th and 5th Ave), Parktown (3rd and 7th Ave), 44 Stanley, Potato Shed as well as Southpoint all offer a similar vibrant look, feel and experience to our proposed development although we believe that we will attract a lot more feet as we have strong anchor tenants and will furthermore have sufficient on-grade parking which will be enclosed, safe and secure.

The site is classified as heritage with some of the structures still in existence. The centre will therefore be developed according to Heritage regulations with a mixture of old and modern allowing for unique design elements.

From the dwelling density technique, compiled by Fernridge, it is clear that the proposed site is surrounded by high density dwelling areas, including Melville, Rossmore, Westcliff, Parhurst and Parktown.

Randsteam will be anchored by Pick n Pay and Woolworths Food with Clicks and Bootlegger Coffee Company.

The centre will comprise of approximately 5 100m² open-air retail with strong focus on convenience as well as an upmarket and unique retail and restaurant offering.

The earthworks have been completed with the opening date estimated for the first quarter of 2019.

Address

C/O Napier & Barry Hertzog, Richmond, Johannesburg, 2092

Opening Date

First quarter of 2019

Size

estimated 5,100m²

Anchor Tenant/s

Pick 'n Pay and Woolworths Food

Investors/Owners

Moolman Group & Jonker Evolution

Leasing Agents

Moolman Group

Contact Details

Cherene van der Merwe

Contact details email