Property: Development to Accelerate Planning Goals for Lanseria
Recent Gauteng Business News
“Ensuring that development at Cradle City reflects the spatial development frameworks of both Johannesburg and Mogale City has been a priority for us,” says Sherry Seward, managing director of Cradle City Sales.
“We believe that our development plans for Cradle City will in all likelihood expedite the 2020 development goals identified for the Lanseria precinct by the City of Johannesburg.”
Amari Land holds 900ha of land at Cradle City, which extends to both the north and south of the airport. Preston Haskell - Co Founder and Executive Chairman of Amari Land explains that the inspiration for Cradle City is an exciting new urban form called an aerotropolis.
“An aerotropolis is a city that has an airport at its core. That’s exactly what Cradle City will be,” says Haskell.
The long-term plan for Cradle City will see some 7.7 million square metres of bulk being developed, the largest component of which will be a range of residential units.
The 79ha first phase – the AAA-grade Cradle City Business Park – will see infrastructure and bulk services installed by mid 2010, and will include a mixture of light industrial, warehousing and distribution space, retail and offices. The second phase will kick off with 178ha of mixed-use development, with a combination of medium- and high-density housing.
Indeed, if Cradle City aims to stimulate more fast-paced development at Lanseria, it might just be in the nick of time.
Current forecasts estimate that the 300,000 departing passengers using Lanseria Airport will escalate to seven million in 2017. Likewise, over the next decade, scheduled flights are expected to rocket from 1,100 per year to 4,000.
Furthermore, Cradle City is being designed along internationally-recognised green building principles of sustainability, environmental consciousness and higher densification.
“In line with contemporary urban development thinking, we are consciously trying to incorporate green building principles into Cradle City,” Seward adds, pointing out that a significant 13% will be preserved for environmental elements.
“The bottom line is that Cradle City is going to provide a unique opportunity for people to live, work, play – and fly,” she concludes.
Business News Sector Tags: Property|