Artist’s impression of Palmyra Junction in Claremont, which is due to open in November.
Construction of Palmyra Junction in Claremont is on track for completion in November this year.
The new mixed use development on Palmyra Road, one of the main southern suburbs schools runs, consists of a neighbourhood shopping centre and studios,
Palmyra Junction will be anchored by a 1 200 m2 Woolworths foodstore – one of the retailer’s largest standalone food stores in the Western Cape - and 18 other handpicked retail tenants.
With a gross lettable area of 2 200 m2, Palmyra Junction is being developed at a cost of R50m by the Rabie Property Group on behalf of Insight and in response to strong market demand. The centre, which will have 24 hour controlled access and CCTV coverage, will enjoy plentiful parking with 150 dedicated parking bays being provided on site.
Rabie director, Colin Anderson, says Palmyra Junction is set to change shopping habits in the southern suburbs and thanked residents in the area for their patience during construction.
“The worst is over. We have had an overwhelming response from the community with many residents in the area, particularly moms doing the school run, coming forward with their wish list of shops they would like to see in the centre. It has been quite extraordinary and gives an indication of how successful the centre will be,” he says.
“It took eight years to assemble the site and get the necessary development rights in place. The Claremont area is under shopped in terms of convenience shopping as there simply have not been suitable, large enough sites available for development. The existing shopping facilities in the area have been limited to strip shops or small redevelopments which all have parking limitations, so Palmyra Junction will really have a competitive advantage as it will be able to provide convenience and destination shopping.”
Anderson says the developer is in the process of concluding leases for about 85% of the space.
Confirmed tenants include a flagship store for Knead Bakery, Vida e, Tosca hair and beauty salon, Vet & Pet supply store and Joubert & Monty’s. Leases have also been signed with clothing boutiques and a gift shop and negotiations are underway with restaurants, fast food outlets, an art shop, a bookstore, a dry cleaners and a healthcare shop, among others.
Ten studios are also being built above the shops providing potential work from home opportunities.
Anderson says weekday trading hours will be from 8am to 8pm, to benefit from the passing trade and provide convenience shopping for parents dropping their children off in the morning or picking them up after school.
The centre will be set around an internal, open air piazza where restaurants and coffee shops can spill out so patrons can enjoy the landscaped surroundings and mountain views.
For letting inquiries call Tarryn Cothill on 021 550 7000.