In the past 11 years, since the Melrose Arch precinct in Johannesburg first hit the map, a series of additions has helped it become a bustling hub. Now Amdec, the main shareholder and property development company of the premium mixed-use development, plans to more than double the precinct's size to 600,000m² from its existing 250,000m², and add more high-end shops, apartments and offices. It has about 325,000m² of land suitable for the development. Melrose Arch is worth about R8.5-billion and will be valued at about R20-billion on the project's completion in about eight years, on current projections, according to Amdec. Most of the expansion will involve the office component . But a flagship residential offering at Melrose Arch will be One on Whiteley, a R450-million, 50,000m² development aiming to attract people who want luxury living, but not in busier, congested nodes such as Sandton. One on Whiteley, which is being built, will have 119 luxury one- and two-bedroom apartments. Whi...
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