Young professionals targeted in Corridors of Freedom
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.
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.