Boardwalk Precinct gets R600m Retail project
The Boardwalk Casino and Entertainment World in Port Elizabeth is undergoing an R600 million extend and upgrade in the retail area.
Property developers, Flanagan & Gerard Group and Moolman Group, have signed an agreement with Emfuleni Resorts, a subsidiary of Sun International, to extend and upgrade Port Elizabeth’s Boardwalk precinct.
Boardwalk Mall will include the latest shopping and leisure trends. The development will more than double the retail space in the Boardwalk Precinct when it opens in 2021.
Work is planned to commence in early 2020.
The precinct currently comprises of a 6,000sqm Boardwalk Casino, 140 key 5-Star Boardwalk Hotel, conference facilities, 11,800sqm of existing retail and a five-screen Nu Metro cinema complex.
The redevelopment will see this increase to 26,000sqm, including new shops, restaurants, and a new Sun Park Square designed to host major events.
Other new developments will include two supermarkets, one speciality food store, two pharmacies and two or more major banks.
The precinct currently comprises of a 6,000sqm Boardwalk Casino, 140 key 5-Star Boardwalk Hotel, conference facilities, 11,800sqm of existing retail and a five-screen Nu Metro cinema complex.
Anthony Leeming, CEO of Sun International says, “We are delighted that the Boardwalk mall development is back on track.”
Paul Gerard, MD of Flanagan & Gerard, says, “ Niched within Port Elizabeth’s vibrant retail landscape, the Mall will be the ultimate convenience shopping experience.”
The development is also central to a cluster of education institutions, including Nelson Mandela Bay University, Business School and Drama School as well as several primary and high schools.
Pieter Lombaard, CEO of Moolman Group, says, “For some time now, there has been a recognised need to reposition Boardwalk’s retail offering to meet the needs of its immediate consumer.”
As part of the development, R11 million will be invested in upgrading surrounding roads. Second Avenue will be widened into four lanes, and it will include a new entrance into the Mall, with another on Marine Drive.
The project is expected to boost local employment and opportunities. In keeping with the team’s commitment to economic development, local contractors and materials will be used wherever possible. The developers will work with a local community liaison officer to ensure optimal positive impact.