Africrest Properties completes mixed-use development, Stanley Studios in Johannesburg Featured

Posted On Tuesday, 21 January 2020 23:05 Published by
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What could be better than living in an extremely well-priced apartment or working in Johannesburg’s most exciting area, with a Virgin Active Gym downstairs and across the road the famous 44 Stanley with its contemporary restaurants and boutique shops!

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Africrest Properties has made the above possible by taking a very bold step forward in completing their mixed-use development, Stanley Studios.

The development was an engineering feat as Africrest needed to build on top of an operating gym without being able to reinforce the structure. “Innovative lightweight wall and slab systems were used in order to maximise the use of the existing structure. This project aimed to create community life in an urban centre” comments Georg van Gass of Gass Architects.

“The vision for the project began almost 4 years ago when the property was purchased. A shopping centre used to sit on the site but the centre was not trading well and we purchased the property knowing that an alternative use was required to rejuvenate the site”, comments Grant Friedman of Africrest Properties.

The brand-new development consists of:

  • 900m2 of office space with floor to ceiling windows.
  • 600m2 of retail space. This space will be leased out to exciting, creative brands who want to be located in one of the trendiest areas in Johannesburg.
  • 194 apartments offering bachelor, 1 and 2 beds that range in price from R5,450 to R7,000 per month.
  • A 3,000m2 Virgin Active gym.
  • 550 parking bays which also support the surrounding office buildings.

All apartments come with 10 GBs of free fibre internet per month. Tenants also enjoy 24-hour state of the art security and secure basement parking.

Greg Blend of Africrest says, “Stanley Studios is a truly fantastic lifestyle offering whereby tenants can live in a really contemporary and affordable apartment close to work and will not need transport to go to gym, restaurants and shops. Some of our tenants have even sold their cars as they are now unnecessary.”

This development comes hot on the heels of the completion of multiple other very successful Africrest Residential developments, such as The Village, The Landmark and The Leo. This is in line with Africrest’s ambitions to own over R1 billion of middle-income housing within the next 2 years.

The leasing recently began and there has been a tremendous demand for residential, office and retail space within this unique and vibrant development.

View_of_Retail

‘The apartments and offices are built around large courtyard spaces which emphasise a sense of community and privacy while creating secondary garden spaces.’

Last modified on Thursday, 23 January 2020 19:40

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