PARK SQUARE
Umhlanga offers retail developers big opportunities
Umhlanga still offers developers opportunities while people continue to leave Durban’s CBD in search of a better lifestyle, says Ken Reynolds, director of Nedport Developments. He is developing Park Square, a R1bn mixed-use development that will open in Umhlanga in November. Reynolds, formerly of Nedbank Corporate Property Finance, said Umhlanga had over the past few years reached a critical mass in terms of residents and businesses, which was now large enough to support Park Square. "Park Square is an ambitious project for Umhlanga, which has been a long time coming. We have seen Umhlanga, and in this case Umhlanga Ridge, develop into an impressive node in Durban. Many people left the CBD in search of a life closer to the coast and that is what Umhlanga offers," he said. Commercial and lifestyle development Park Square lies adjacent to the Umhlanga Ridge Town Centre’s Chris Saunders Park and features 40,000m² of premium commercial and retail offerings. It will be the first combine...
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