A new convenience shopping precinct offering a vibrant highstreet café lifestyle with boutique retailing has opened at Century City.
Built at a cost of R25m, the ground floor line shops with parking conveniently located in front of the shops, form part of the R300m Colosseum mixed-use development nearing completion on a prime gateway site at the Ratanga Road entrance to Century City.
Tenants include Woolworths Food, News Café, Vida e, Harleys Gents Hair, Chatz Cellular; 3 @ 1 (postal and business communications store), and Property World, the official on-site agents for residential property at Century City.
Most tenants have already opened with the balance expected to follow shortly.
Negotiations with a number of complementary tenants for the remaining four shops, which range in size from 40 square metres to 270 square metres, are well advanced, says Leigh Metcalf of managing agents, Rabie Property Administrators.
“There is pent-up demand for shops in this high profile development and we are working on providing a strong tenant mix to provide convenience retailing in a vibrant environment.”
Most tenants, she said, would be trading extended hours, seven days a week.
Besides ground floor retail, the Colosseum also compromises 8400 square metres of offices over three levels topped by an all-suite luxury hotel on the top two floors. To be operated by Protea Hotels, the four-star, R100m Colosseum Luxury Suite Hotel is scheduled to open by the end May.
The sectional title offices have all been sold and most are already occupied.
Metcalf said the shopping precinct was being strongly supported by tenants in the Colosseum and passing trade and would further benefit from neighbouring commercial developments, including the 10 000 square metre office development, The Forum, which was well under construction on an adjacent site.
For further details contact Leigh on 021 550 7000.
Publisher: Rabie Property Group
Source: Maggie Rowley

