Home / Home Buying & Selling  / Young professionals targeted in Corridors of Freedom

Young professionals targeted in Corridors of Freedom

Zotos' Watt Interchange in Wynberg will be spread over three buildings.

HOMETIMES EXCLUSIVE

As part of the overarching Johannesburg Corridors of Freedom scheme to link the old CBD with Sandton in the north, Zotos Properties will develop three separate 15-storey-high buildings, boasting a total of 900 apartments, on land it owns in Wynberg.

A Google image of the vacant site of land where the Watt Interchange will be built.

A Google image of the vacant site on which the Watt Interchange will be built.

The planned mixed-use buildings will also house 3,000m2 of office space and 6,500m2 of retail. The development will be situated next to the City of Johannesburg Property Company’s proposed bus terminal to be known as the Watt Interchange.

Both projects are set to kick off in early 2017.

In an exclusive interview with HomeTimes, Kosta Zotos, CEO of Zotos Properties, says the residential component of the building is aimed at young professionals seeking affordable, upmarket accommodation with easy access to Sandton and surrounds. It will comprise one-, two- and three-bedroom apartments with 976 basement parking bays.

Zotos anticipates a mixture of sales and leased units with sale prices from R500,000 to R1m-plus. Rentals will be guided by the market closer to occupation date.

The 12,000m2 site owned by Zotos is situated on the corner of 4th (and Pretoria Main Road) and South streets. The site is 15km from OR Tambo International Airport and 2.8km from the Sandton Gautrain station.

The Watt Interchange will sit opposite the city's BRT terminal.

The Watt Interchange will sit opposite the city’s BRT terminal.

 

 

Trusted Tenant - #TenantPower

alison-ht@pixelbaste.com

Alison Goldberg is the former property editor of Business Day (1985) and the Financial Mail (1991-99). In 1995 she won the Sanlam Financial Journalist of the Year Award. She has edited such titles as National Constructor and The Miner in Australia and has freelanced for The Star, The South African Jewish Report and The Jerusalem Post.

Review overview
NO COMMENTS

POST A COMMENT