Residential development sparks commercial interest
Category Commercial Property News
There is a new residential development set for Greenstone, which is an area located right by Modderfontein in the Gauteng Province. Even though there has been some contention from local residents, it seems that everything is above board for the new development as reported by the Bedfordview and Edenvale community newspaper. Developments such as this, address housing issues and create mixed-use areas where residents have a more holistic lifestyle.
"The once bare land that was home to vagrants behind Greenstone Crescent Shopping Centre is currently under development and will become a residential area. In recent months, the NEWS has often been contacted by concerned residents who said they have become wary of the project since it started". -https://bedfordviewedenvalenews.co.za/349040/new-development-in-greenstone/
This prompted the community newspaper to contact the ward counselor for the area, Bongani Nkomo, Reeflords, who are the main developers behind the project and the city of Johannesburg. According to the aforementioned article, everything is above board for the project including environmental assessment, sufficient water supply and traffic congestion.
"CoJ is pro-development. I anticipate this residential complex would be a success. It is better to have development instead of vacant land," said Nkomo. (https://bedfordviewedenvalenews.co.za/349040/new-development-in-greenstone/)
New residential initiatives are great for other sectors of the property industry as well. There are positive spin-offs for the commercial property market when developers enable residential areas to be closer to places of work. This means that people live nearer to their offices and this makes for more productivity and a higher quality of life. This has prompted various regarded commercial properties to invest in numerous areas around the city of Johannesburg.
The Modderfontein location is also popular for other reasons and that is because of the Modderfontein nature reserve. This creates an environment where all the boxes are ticked. Nature, residential areas and commercial offices are all apart of the Modderfontein experience.
"The vision for the Reserve is to create, within an urban setting, a natural open space which is socially, economically and ecologically sustainable. The 275-hectare private park is the second-largest private park in Gauteng and includes portions of the Modderfontein Spruit, a number of dams, grassland and hills. The Reserve is operated by the Endangered Wildlife Trust on behalf of Heartland Properties. The Modderfontein Conservation Society have had input into the area for many years now and are assisting with the establishment of the reserve". -https://www.modderfonteinreserve.co.za/
One company is the leading commercial property specialists, OfficePlace. The company currently have 7 listed available properties for rent in the Modderfontein area that all range in price and size to suit anyone's commercial property needs. Office space in Modderfontein ranges from converted homes to, newly developed state of the art facilities.
Another factor that makes Modderfontein an area that is brimming with potential, is that there is a proposal to have a new Gautrain Station in the node as well as a development called Modderfontein New City. With this kind of expansion can only mean positive spin-offs for the regarded suburb in the next coming months.
There really couldn't be a better time to invest in Modderfontein than the present. There are so many variables to consider and there are so many mistakes to be made unless you use the best in the commercial property business. This is where a credible and established brokerage can come in handy. OfficePlace is that brokerage, they are waiting to make your move to the Modderfontein area as pain-free as possible. Pick up the phone today and go with the best, go with OfficePlace, you really couldn't be in better hands.
Author: OfficePlace
