🇿🇦R400Million - Towers on Main Walkthrough - Joburg's CBD
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- Опубликовано: 5 мар 2022
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The iconic 30-storey Towers Main building in Johannesburg's ABSA Precinct now has a new owner and a new lease on life.
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The iconic 30-storey Towers Main building in Johannesburg’s ABSA Precinct now has a new owner and a new lease on life.
Divercity Urban Renewal Fund has taken transfer of Towers Main and is giving it an exciting new future and an innovative redevelopment that will extend the lifespan of this landmark on the Joburg Skyline. The game-changing development will be valued at over R400m once completed.
The WBHO / Motheo Joint Venture has been appointed as the contractor for the project and is already on site. The first steps in constructing the next chapter of this tower have already begun. A hoist has been erected up the entire elevation of the 140-metre tall building, one of the city’s 10 tallest buildings, and will be used to take materials to the upper floors. Hoarding has also been carefully positioned around the base of the property.
The Towers Main redevelopment initiative is a substantial investment in inner Joburg by Divercity, a new investment fund. Its purpose is to renew and re-energise South Africa’s urban centres by developing unique inner-city precincts. Its key shareholders and stakeholders are Atterbury Property, Ithemba Property and Talis Property Fund, and its cornerstone investors are RMH Property and Nedbank Property Partners.
Divercity integrates commercial buildings and affordable residential accommodation to create multifunctional, inclusive and diverse neighbourhoods.
Towers Main is being redeveloped into a one-of-a-kind mixed-use address, including 520 affordably priced residential rental apartments. ABSA, a key partner in this project, will also be leasing back nine floors with 10,000sqm of office space in the redeveloped building.
From the outside, the building will be visually transformed, with its existing façade being completely removed and replaced with a brand new one.
Changes inside the building will be equally dramatic as it is repurposed. “The building is very well suited to a residential conversion, with lots of natural lighting. We’re using a special lightweight brick to limit the load on the existing structure. It is designed to be long-lasting, with quality, durable materials used to construct cost-effective, resilient units,” confirms Derrick Pautz, Atterbury Development Manager.
The residents and employees of the building will enjoy an entire floor of coffee shops, restaurants and recreation. On ground floor, they will be able to access all the amenity of convenience retail, child care facilities, a public park, integrated public transport facilities and a wealth of public art.
The 20 floors of dedicated residential accommodation and recreation will be launched in phases, with the first residents expected to move into Towers Main as early as the end of this year. Most units, however, will become available in the first quarter of 2020. ABSA is also expected to reoccupy the towers early in 2020.
“Towers Main will bring new life back into the CBD, enable people live closer to where they work and help them to benefit from more disposable income as a result of saving time and a fortune in transport costs. Not only is it set to help address the city’s housing backlog, but by giving people all the amenities that they need and want to enjoy quality of life, it will be more than just a place to live.”
Divercity is deeply committed to the Joburg inner city and its urban regeneration. In addition to creating an inclusive new world-class ‘live, work, play’ environment, the redevelopment of Towers Main in the ABSA Precinct is about much more than a single, albeit iconic, building. The project is also designed to rejuvenate the entire surrounding area as part of a wider neighbourhood development initiative. Towers Main connects with Divercity’s other major project in Jozi, the mixed-use Jewel City, which is also making excellent development progress. Jewel City, in turn, connects to the vibey Maboneng. A pedestrian-friendly walkway will run all the way through all three precincts, an area the length of around 10 city blocks, complete with street furniture, lighting and art.
Hi Fam! Glad you guys are enjoying this content. I will bring all the "pockets of excellence" throughout 🇿🇦. This is just the tip of the iceberg. Stay toon!
Joburg needs a lot of renovations. Demolish all abandoned n hijacked buildings. Replace them with new modern glass buildings. Built a Tram system passing through the city. Increase police visibility. Create special zones for street vendors and ban them from operating everywhere.
All that is being done presently.
Spot on !!!!!!
Johannesburg has a lot of potential if the can demolish old building and municipality take all the hijacked building, regulate tenants per apartment this city can be among the best in the world and I can see they are busy paving, putting security personnel as well as visible metro police but Metro police need to control illigally dumping especially from the street vendors.
Nkuli who's responsible for the economic development portfolio has shared that we gonna see serious changes and new developments coming through too.Some of the hijacked properties are about to sorted out especially Hillbrow and nearby areas.
@@LadyT06 I would love to see these changes. Let's upgrade and not forget to maintain, the mistake of most African leaders.
@@walkwithorr true.We need take care of our own country by maintaining the infrastructure and surroundings.
@@LadyT06 is there a way to buy hijacked buildings ?
Glad to see investment into the CBD, I used to live in Braamfontein in civic towers (Stiemens+Biccard Str) while growing up till 2009 when I moved out on my own. My mother used to work at the Art section of the main Library and I used to walk into the CBD quite often as a kid. Seeing the city become more run down always made me sad, I hope more companies can invest into the area.
Thanks for sharing. You will be surprised with upcoming videos!
Oh David I hope the good Lord keeps you around so you can do more videos that will BLOW all our minds as well as the minds of those people who are overseas who might be watching when other skyscrapers are too given a new lease to life in the near future Johannesburg. I believe all South Africans who are in the diaspora who left the country because they couldn't project a better future prospects and those who are just seeking better opportunities, will soon find their back home, only if we get our house in order and build build build, they will come back my friend. Let's not lose hope, South africa is a majestic country.
Awww. Thank you brother for your kind words. Stay toon for the next videos. Great info coming! Stay safe.😃
Now it's go back to the old days city of gold the largest city in south Africa and the capital city of Gauteng province Johannesburg CBD
I read about this redevelopment a few years ago on skyscrapercity. It's nice to finally see the area in a video and the building looks really nice. Thank you for your time exploring these areas. Much love from Oklahoma!
Thanks for the comment. I will bring more amazing projects in the inner city of Joburg.
U can never how much it means to those who grew up in the 80's to see the CBD coming bk from the ruins to it's glorius days. Keep up the gud work. 👏👏👏
Wow 🥺, Tower main interior design is very beautiful
Go and visit it. The contacts are on the video description.
This is what happens when a municipality has the mindset and will to bring about positive and productive change through public- private partnerships- well done to our new mayor and the multiparty coalition government in Johannesburg!!
The apartment is really nice but that kitchen lets it down, more like a kitchenette. The views are stunning and the hope of the CBD being cleaned up and rid of crime is welcomed. I can really imagine myself living there.
Me too hey. I was really surprised also, both Jewel City and the Absa tower.
This was so nice to watch. A very interesting and educational tour you gave us there, the skyline views are amazing.
That can’t even be called a kitchen but the rest of the flat is stunning. Difference with cpt and jhb is that cpt looks pleasing to the eye while jhb just looks gastly. Jhb really needs to change the facades or demolish old buildings and built a couple of new skyscrapers cos that alone won’t attract proper investment and the necessary crowd for jhb cbd to compete with cpt and sandton. Creating pockets of safer areas in jhb still wont be enough to attract young people.
It is so crazy to think that jhb is younger than cape Town but cape Town looks like the youngest city in SA. Can joburg ask cape toen how they manage to renovate their buildings
@@mkdempisi Sandton, Midrand, Rosebank... They built new suburbs/precincts instead of renovating the CBD
The thing with cape town is that the city centre is at its central focus while the Joburg CBD is now remote to the size of the city. CT could not afford to have its CBD neglected.
Egoli is far superior to Capè Town
@@philipbanda6637 Not even close to being true. JHB is run by idiots, that's the problem. I can't really call the current bunch a legitimate government.
The DA knows what it's doing in Cape Town, and ironically, the so-called intellectuals that hate the WC government, are the same people who later go and post on Instagram about how beautiful and clean it is.
Abantu bethu can be boring kodwa sometimes.
I just enjoy watching your content about all these redevelopment projects..... This is what we really need for our country NOT all the rot and the drugs.
I really appreciate this video’s because I’m considering staying here😊
But thanks for ur videos we do wch
Always a pleasure!
This is amazing! Love the concept!
If the city can demolish all Abandoned buildings they'll have more space to develop & improve. By the way is the ABSA tower complete or still under construction?🤔
Ready to move in.
Amazing tour, thank you bro
You should look into the R15 Billion Harbour Arch development in Cape Town
I am already in contact with Amdec Group.👌
Thank you for a amazing video
Hi Guy, I like your channel very much!!
Theirs a possible 83 buildings in jbdc that needs to be imploded * In 2022 ending prolonged debate that cost more than the method of lower the levels of high levels rise buildings * key aspect the buildings will not be completely imploded or implosion the buildings level height will be lower to only 1 story with parking or 2 to 4 story * professional professional construction workers can help make you're consideration of why can't they deconstructe five or six level height off the buildings savings the administration so moral support for domestic civilians and employment * so 83 buildings in the jbdc needs to be unleveled of height meaning redefine A 10 story height level rise building needs to be lower to Three Levels In Height Including The Parking Lot * professional professional responsibility will be the only opportunity for a normal pre covid 19 domestic civilians employment economy mainframe * exactly right more townhouses in JBCD !
Interesting property
It's Easier To Implosion ASABA building today than waiting to 2060 finding it unstructure safe *
Theirs possibly 87 buildings in the downtown area that needs to be implosion
SMALL kitchen, cluttered bathroom with washing machine in it, though nice building amenities. The elephant in the room is the safety of the area. Can you get around safely without a vehicle?
yes m in case you haven't heard there's a massive amounts of private security guards and a permeant deployment of 1500 JMPD officers , 24/7 , and why would such a project take place in what you seem to think is a dangerous area
I can tell this is the best accommodation compared to Cape town where you can pay R9 to 11 000 outskirts 25 to 30 kilometers from Cape town city. Innercity you can pay R17 to 24 000.
@@christopherwalker5017 Projects take place in depressed areas in order to regentrify them. This is fairly common in the US though apparently less so in SA. Anyway, thanks for the info regarding the JMPD presence.
Lately,can nicely whip out your mobile😁 as there are JMPD officers at every corner.No more wig,bag or mobile snatching.However,there were few incidents and culprits hardly ever make it as they get caught within 5mins.I am even enjoying seeing the posts of their hard work within the CBD!!
@@LadyT06 Awesome!
It a was of money or rands when the building should be only 12 level high at maximum height * so turn around and began unconstructing all other level heights pass 12 levels *
It means you live there in SA
No, I just want to show you guys that the inner city is not dead, but the opposite.
Hehe okk
Is there one bedrooms and how much do they go for?
how many floors in total?
31 if I am not incorrect
Nice Building, but CBD is not safe at all...
You will be surprised. I did 3.3kms walking in town and nothing happened. 💪
@@Livinginsatv lol, yet 😏😂