Richards Bay is one of the fastest growing towns in South Africa. It seems the closure of parts of the Bayside BHP Billiton had no dent in the economy of the town. The increasing number of industrial development means the growth of a community, growth of their needs and increase in social needs. If you are in Richards Bay you cannot miss the development of the new Town Square Mall.
Town Square Mall is the newest addition in Richards Bay’s infrastructure. Earthworks commenced in November 2014 with the opening date now scheduled for November 2015!
The site being developed forms part of Richards Bay’s main business node and was rated as “Excellent” (93%) in a recent study conducted by Fernridge. High traffic volumes and good visibility exists around the site as a large portion of citizens of Richards Bay enter this CBD daily for work and social related purposes. The proposed site is well known amongst residents in the region. Currently the biggest shopping mall is Boardwalk Inkwazi Mall at (± 65,813m²). The size of the shopping centre will be between 15000m² and 20000m², on a 9ha site. Access to the site will be from Bullion Boulevard, Krugerrand Grove as well as Premium Promenade.
The ±15,300 m² centre with its superb visibility, easy access and plentiful free open- air parking is perfectly positioned for an extremely convenient shopping experience. The centre will be anchored by a very large Super Spar (approximately 4,000m²) and a Builders Warehouse. Other exciting new tenants to join the mix includes Coricraft, Volpes, Dail a Bed, Romans Pizza, Nando’s, Dirtroad Traders and Tops at Spar.
In addition to having a strong focus on convenience, many of the above well- known destination tenants, will mostly be new entrants into the Richards Bay market. Investors behind this development are Moolman Group,
M&F Giuricich, Rejem, GFT Group.
Developments such at the Square Mall mean economic growth, a number of jobs to be created, a number of families to be feed and skills being transferred.
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