La Residence was launched by Pam Golding during the first week of November 2007. This is going to be a mixed use development at the corner of Rivonia and Maude Street in Sandton. It is an extension of Nedbank's Head Office with the first 7 floors to be dedicated to the bank while the rest of the floors will comprise chic apartments.

Here's the pictures of LaResidence

http://farm3.static.flickr.com/2287/2035079307_328a6def33.jpg?v=0

http://farm3.static.flickr.com/2248/2035049629_a3c0c313e4.jpg?v=0

http://farm3.static.flickr.com/2170/2035848638_1c9ec20b1a.jpg?v=0

And the crew is:-

Developer: Nedbank Corporate
Sales Agents: Pam Golding Properties
Bond Originators: Bond Choice
Architects: GLH Architects
Project Manager: Coffey Projects
Quantity Surveyors: SBDS
Quantity Surveyors: LDM Inc.
Air Conditioning Engineering: Africon Engineering
Electrical Engineer: Claasen Auret Inc.
Structural Engineer: LC Consulting
Interior Designers: Peter Steyn Interior Architects

I think this could be pretty cool!
Mix-use aspect sounds great.

wow now this is really nice doesn't look 25f cause its so wide bt def welcomed development for sandton nice catch buddy

That looks pretty hot!

Love it love it love it. Maude street is set to become the first real high density spine in sandton!

Why do they do 2 towers. They are nice dont get me wrong but the limitation of 25F makes what could be an iconic land mark into a stumpy, non-representative building. Are there though height restrictions that could be costly to challenge or something similar.

I love it! Clean, classy design! Very much like the Emperor and the Regent.
And they're twin towers! Must be the first of it's kind in SA?

From the PG website :

"The 24-storey Sandton project – “La Residence” – which is being developed by the Nedbank group, will feature six lower-level floors of prime office space, crowned by 17 levels of top-end residential accommodation ranging from 1-bedroomed units of 114 square metres, priced at around R2,9-million, to luxurious 700 square metre penthouses, which are expected to go on the market at about R25-million each. Sandwiched in between the office and residential components will be a utility floor featuring meeting rooms, a wellness centre and other facilities."

Why do they design 114sqm one bedroom apartments?One should get two or even three bedrooms within that floor area and for R2.9m that's what I'll expect.
In Johannesburg city centre they're selling 28sqm studio apartments which are inhumane. Neither type of developments allow for sustainable communities.

Mr Admin, can you please change the floor count to 24F for this project.

Now thats a sexy design! Awesome for Sandton, love the crowns, reminds me of that other sexy beast in the Strand, Ocean View .

http://i6.tinypic.com/8dxz1x1.jpg

http://i9.tinypic.com/6yksuih.jpg

Posted to the web on: 30 November 2007
A fashionable address right in Sandton

La Residence in Sandton, Gauteng, caters for the technologically advanced and modern city dweller with consideration to comfort and quality living, writes THUMESHNI MUDELIAR

STATE-of-the-art technology, green engineering and contemporary architectural aesthetics have been employed in the mixed-use development of La Residence in Sandton, Johannesburg.

La Residence is a second phase of the development for Nedbank Corporate at 135 Rivonia Road and is to include 130 apartments and six luxury penthouses.

La Residence is already equipped with top-end technological features such as an integrated home management system and a 3D facial recognition security system.

Security also includes a 24-hour security service, monitored close circuit cameras and an advanced system of lifts allowing direct access to apartments.

The apartment design makes provision for residents to add on future technologies, and they will have the option of tailoring the standard sound systems to their liking.

The apartments are equipped with select kitchen appliances as well as air conditioning throughout.

The buyers of these high-rise apartments — on offer as sectional-title purchases — can choose from different interior designs: fusion, contemporary and conventional.

The apartments are a comfortable 114m² to 214m² whereas the penthouses are far more spacious, ranging in size from 388m² to 739m².

“We have experienced no planning or approval problems on this project. From an environmental perspective, the entire building has been subjected to green engineering — with the result that the building is green by design,” says Peet Strauss of Pam Golding Properties, the marketers of the property.

This advanced residential venue will have a concierge service, upmarket restaurants, a wellness centre, retail services and an electronic butler service.

Since all the infrastructure services are already in place (the development is situated in an already built-up area), residents can move in during 2010.

This property development gives owners the resources and comfort of city living in a secure and safe environment.

With units priced from R2,8m, Strauss says: “We have had a great response from the public in terms of sales, having reserved units from R3m a unit to R26m.”

Keen investors, corporate executives and other potential residents have already shown an interest in what La Residence has to offer.

Many say they want to downsize from their high-maintenance homes. Others have been attracted by the location of the development and its closeness to amenities, services and their offices.

Sandton City has about 300 shops — all catering for the connoisseur and the upmarket consumer. It is also home to designer labels and brands.

Nelson Mandela Square has become a highly popular social spot where many people come to wine and dine at leisure — and where high-powered business luncheons are hosted at refined eateries.

The Sandton Convention Centre is within easy walking distance.

The proposed ultra-modern exterior design of La Residence will appeal to the discerning, upwardly mobile professional who is looking for elegant and convenient living in the heart of fashionable Sandton.

nice looking building, but it looks no where near a proper 24F building, does look rather squat.

will we great for that spine as mentioned, just would have prefered something less obese and more slender

nice looking building, but it looks no where near a proper 24F building, does look rather squat.

will we great for that spine as mentioned, just would have prefered something less obese and more slender

I'm sure they chose this one out of a couple of designs and that simply means it meets their requirements and I'm personally happy that they went for that height rather than lower. All we need to do is cross our fingures for is that more and more buildings should be more glassy and stlylish. The combination of La Residence, Sandton City, Michaelangelo and the glass buildings will do an honour for Sandton.

Before
http://farm3.static.flickr.com/2248/2035049629_a3c0c313e4.jpg?v=0

After
http://i17.tinypic.com/6yd324n.jpg

Thanx Db.

Before
http://farm3.static.flickr.com/2248/2035049629_a3c0c313e4.jpg?v=0

After
http://i17.tinypic.com/6yd324n.jpg


gotta love those wonky copy and paste clouds! hehe

and crap, now your render looks so much more normal! Why build stunted little overweight dwarf towers if we can build elegant sleek tall ones?

send this to the developers immediately!

Agreed - Send right away!

DB's version is what i was meaning, it looks far more striking and elegant.

gotta love those wonky copy and paste clouds! hehe

hahaha, hey if I had more time I would have fixed it up proper.

I was @ JSE yesterday and I never saw any movement here or even a sign. When will construction start?

Yup nothing seems to be happening... No groundwork or anything. :(

Still very much advertised on Pam Golding's website though.. And actually today I saw construction fencing in the site, so I'm thinking I was wrong about the groundwork!

Here is more from Pam Golding's website..

La Residence brings you a development that encapsulates quintessential metropolitan living in the most progressive manner. This state-of-the-art building will form the second phase of the Nedbank development at 135 Rivonia Rd, Sandton and will include a revolutionary residential high-rise of the highest contemporary architectural and aesthetic standards.

Apartments exemplifying the Fusion of
Form and Function
Three different interior styles, including fusion, contemporary and
conventional designs
6 penthouses ranging in size from 388m² to 739m²
130 apartments sized from
114m² to 214m²
Integrated Home Management System
Top-of-the-range kitchen appliances
Air conditioning
Design that allows for the integration
of future technology
Tailor-made entertainment packages that exceed standard fitted sound-systems
The Absolute Lifestyle
Concierge service
Up-market restaurants
Wellness centre and retail services on the transition floor
Electronic butler service

... And actually today I saw construction fencing in the site... These are good news then, we should just wait and see how things goes.

Do you mean the green fencing? Cause that's always been there =/

Oh. :)

Yah. The green fencing. hehe

Could I have some of that miracle growth formula? And does it work on other things too? Like my bank balance (what were you boys thinking of??!!)

Lmfao!

Could I have some of that miracle growth formula? And does it work on other things too? Like my bank balance (what were you boys thinking of??!!)

sorry its for buildings only, though I should try & make some for bank balances too, lol

Sandton prices hit R40k/sq m
2008/02/22

While average house price growth may have slowed to single-digit territory, apartment prices in Sandton's CBD continue to test new highs. Some of the luxury penthouses in a new mixed-use development at Nedbank's Head Office on the corner of Rivonia and Maude Streets in Sandton are selling off-plan for more than R40k/sq m, setting what is believed to be a new record for sectional-title property prices in Johannesburg.

Until now, the swanky Michelangelo Towers on Sandton's Nelson Mandela Square is believed to have fetched the highest selling price per sq m for sectional-title property in Johannesburg - R39 877/sq m according to Deeds Office records.

The new residential development forms part of a R1,6bn expansion of Nedbank's Sandton head office. The mixed-use development will comprise retail space, seven parking levels, seven levels of office space and 152 upmarket residential apartments on 18 levels. Prices range between R3m for large, one bedroom apartments and R25m for luxury penthouses.

Ken Reynolds, Nedbank Corporate Property Finance's national property finance specialist, says prices start at around R30 000/sq m and move up to over R40 000/sq m for units on the higher levels. The residential component will be built on top of the offices with a transition level splitting the two components. Reynolds says access to the two portions of the building will be separate and each will operate independently.

Nedbank has included the sectional-title apartment portion at its head office in response to strong demand for residential property in the Sandton CBD. Says Reynolds: ``Other new residential developments in the Sandton CBD were showcased at various property exhibitions late last year and the response was positive with strong interest in all types of units.'

Reynolds notes that Pam Golding Properties has a list of prospective buyers for Nedbank's new residential development with the bulk of the units already reserved. Construction is expected to start in April, with the residential section planned for completion by August 2010.

Despite the upward march of luxury apartment prices, Sandton still offers significantly better value than Cape Town's top-end suburbs. Seeff Properties chairman Samuel Seeff confirms that sectional title buyers will no longer find anything on the Atlantic Seaboard suburbs of Bantry Bay, Camps Bay and Clifton priced at less than R60k/sq m. - Joan Muller

The mixed-use development will comprise retail space, seven parking levels, seven levels of office space and 152 upmarket residential apartments on 18 levels.

7 + 7 + 18 = 32 floors? (excluding retail space)

Could however be split between the towers

7 + 7 + 18 = 32 floors? (excluding retail space)

Could however be split between the towers

We will probably see underground parking levels. Or likely floors will be split between the two towers.

I get 32 as well

I'm personally not a big fan, it reminds me of the upper class apartments that scatter the banks of the Thames in London.

St Georges Wharf was voted as the worst looking building in London by the architectural community
http://i247.photobucket.com/albums/gg159/glyn_j/StGeorgeWharfSW8.jpg

Battersea Reach was done by the same architects, they used the same formula as St Georges Wharf but pasted a different facade on.
http://i247.photobucket.com/albums/gg159/glyn_j/gp_new_cgi_thames_1.jpg

^^ ya both those are fugly

too much going on. Horrendous looking, Im afriad. Gosh, Sandton is extremely confused in what architectural style to follow.

I don't think it's bad at all =/

Gosh, Sandton is extremely confused in what architectural style to follow.


The design of this building is actually very similar to three other Sandton buildings already - the Nedbank HQ as they presently stand; the Emperor; and also the Regent. It's definitely not my favourite piece of architecture, but I wouldn't say it's drastically terribly. I've seen far worse.

Also, I quite like those buildings glyn_j posted, particulalry the first one. I think they're very striking.

I'm personally not a big fan, it reminds me of the upper class apartments that scatter the banks of the Thames in London.


Battersea Reach was done by the same architects, they used the same formula as St Georges Wharf but pasted a different facade on.
http://i247.photobucket.com/albums/gg159/glyn_j/gp_new_cgi_thames_1.jpg


I live in this 'fugly' complex. I don't think it is that bad...

I really don't see why people consider those bad either...

Just a Question

If you look down on the site at the moment it is used for parking, but it looks like it was built with the intension of putting more levels on the current structure. Any idee whether this will be demolished or if this is the basis from where the rest will be built.

^^ To answer your question MrQ, I'm not 100% sure, but I think the current structure will be expanded into more offices, and then the apartments will be built on the expanded structure.

Nice coverage in this week's Sunday Times... Building set to start next month.

Priciest flats in Joburg
Simpiwe Piliso
Bank plans luxury Sandton development with record tag of R40000 a square metre.

Owners of Joburg’s most expensive flats in Michelangelo Towers in Sandton’s Nelson Mandela Square are about to lose their bragging rights.

They include Sean Summers, former Pick n Pay chief executive; Tim Burrell, an industrial property lawyer; and Louisa Mojela, chief executive of Women Investment Portfolio Holdings.

The faux-Italian-styled Michelangelo Towers — which boasts more than 180 flats, eight penthouses and two ultra-luxury “king suites” — has held the title of Africa’s most prestigious residential development since being built in 2005, when a 544m² penthouse sold for R23.3-million.

Story continued at http://www.thetimes.co.za/PrintEdition/Metro/Article.aspx?id=717585

Isn't The Seers supposed to be in that street too (Maude Street)? How far apart would the 2 buildings be? Any news from The Seers?

Yup they won't be that far away at all... 500 meters I would say. Alas the Sandton advocate chambers are in the middle - which are faux-Italian squats, and will look terribly out of place once all this is done.

Not sure about the Seers - assume things are still progressing. Inertia is normally quite clued up?

Can we rename this to 29F ?

I cant believe you all like this building. To me its very postmodern, heavy and dull. It reminds me alot of how the Pearls of Umhlanga looked at their launch.

But luckily in my view, the one built is much more modern, sleek and a very stunning building.
It is as if clients want something old school and the architects try to twist or change their design during construction to create something more contemporary.

There is now movement here, I saw construction equipment and a couple of contractors.

I cant believe you all like this building. To me its very postmodern, heavy and dull. It reminds me alot of how the Pearls of Umhlanga looked at their launch.

But luckily in my view, the one built is much more modern, sleek and a very stunning building.
It is as if clients want something old school and the architects try to twist or change their design during construction to create something more contemporary.

i hear what you saying, but i dont see the final product of the Pearls looking any different from the initial renders

http://www.laresidencesandton.co.za/

Thanks for the link Upington.

funky beat

It looks like they busy with this one, can someone confirm as when I passed again today the place was a bit dusty?

Yep they are busy building

Just a quick remark on the Pearls of Umhlanga.

For some reason I find the buiding in its completed form much more clean and modern finish, the initial renders seem a bit heavier and less sleek.

Its just an opinion and a strong personal belief that architecture shoud reflect the times we live in. And banks often go for a look that states that they have been around for a long time.

Love the Pearls, but this project, not so much.

oh ok...hmmm i should go back and look at the old renders.

I do understand that with this one they are trying to mimic the existing Nedbank block but with a slightly more modern/edgy twist. guess maybe it will be better in person too?

Its actualy quite a big building, so will look forward to see this one up.

Sandton prices hit R40k/sq m
2008/02/22

While average house price growth may have slowed to single-digit territory, apartment prices in Sandton's CBD continue to test new highs. Some of the luxury penthouses in a new mixed-use development at Nedbank's Head Office on the corner of Rivonia and Maude Streets in Sandton are selling off-plan for more than R40k/sq m, setting what is believed to be a new record for sectional-title property prices in Johannesburg.

Until now, the swanky Michelangelo Towers on Sandton's Nelson Mandela Square is believed to have fetched the highest selling price per sq m for sectional-title property in Johannesburg - R39 877/sq m according to Deeds Office records.

...

Despite the upward march of luxury apartment prices, Sandton still offers significantly better value than Cape Town's top-end suburbs. Seeff Properties chairman Samuel Seeff confirms that sectional title buyers will no longer find anything on the Atlantic Seaboard suburbs of Bantry Bay, Camps Bay and Clifton priced at less than R60k/sq m. - Joan Muller


Makes me realise how really rip off expensive housing is here :ohno:.

Normal family terrace houses in average middle class areas are around £6500/sqm = R100,000/sqm. "good" areas would probably be double that. Elite probably triple if not more. "ghetto" is probably £3500 = R50k/sqm

The site of LaResidence (man, what a stupid name - the residence? Really!)
http://i198.photobucket.com/albums/aa259/granova/eat/DSC00519.jpg

:dunno: Ah well, suppose it's better than: "LaMerde"

I think an interesting decision would be to name the new developments in Sandton kugel names, we could have things like:
Gucci Heights
Goldberg Estates
Choo Hills
Chi-Chi Towers
Versace Terraces
The "Doll" House
Darling Residence
Chutzpah Pointe

...I'm getting carried away, must STOP! :lol:

hahahaha you should open a santon naming consultancy, LaConsultancy?

But at least this is more fun than the lame old naming after London areas etc. e.g. 1/2 the buildings built in Durban before the 80s are called Hyde Park or something equally colonially wannabe.

^^ Hehe... Like LaAwesome idea!

Je pense que les noms pour cette developments sont tres stupide.

in bad french even

hahahaha you should open a santon naming consultancy, LaConsultancy?



LaKilling me Clive. :lol:

:dunno: Ah well, suppose it's better than: "LaMerde"

I think an interesting decision would be to name the new developments in Sandton kugel names, we could have things like:
Gucci Heights
Goldberg Estates
Choo Hills
Chi-Chi Towers
Versace Terraces
The "Doll" House
Darling Residence
Chutzpah Pointe

...I'm getting carried away, must STOP! :lol:


What about Kentucty Towers?

you and kentucky!

^^ Nah Doll, Bubbles Goldberg doesn't like Kentucky... it's very American backwater, no self respecting Jewish Princess would find herself there, plus KFC is very bad for my figure, Renoir, my personal trainer, would platz!

Stop it Bianca thats just not kosher

This dev intrigues me, not really in a good way, but nonetheless

^^ Nah Doll, Bubbles Goldberg doesn't like Kentucky... it's very American backwater, no self respecting Jewish Princess would find herself there, plus KFC is very bad for my figure, Renoir, my personal trainer, would platz!

lmao.

Anyone got plans of the apartments?

lmao.

Anyone got plans of the apartments?

Check the website

......from this angle, only a greenish hoading in the trees and workers popping in and out.....

http://i184.photobucket.com/albums/x31/Upington/May08/P5150075.jpg

http://i184.photobucket.com/albums/x31/Upington/May08/P5150074.jpg

I managed to get on roof top of the current structure and there was no sign of construction even though we used to see contractors going in and out fo the building.

This residential portion of this project has been canned. Only the office block of 6 floors has been given the nod. Confirmed with the marketing agent of this project at Melrose Arch Pam Golding.

What?! After receiving the highest price per square metre in Joburg for a flat they can it??!! What a pity :(

Oh no! :( So now it'll only be 6 floors?! That's really very sad. But I guess this is a result of the current down turn in our economy...

Argh only 6 floors? That's not very good at all...

6F????? on all that land??? i mean i know i hated the design, but a 6F version is a total damp squib.

This was to be expected in the current climate

^^ not really. i mean i can understand the canning of the residential component, but with office vacancies in prime areas at all time lows one would have thought they would have capitalised on the land they have. seems utter waste

This residential portion of this project has been canned. Only the office block of 6 floors has been given the nod. Confirmed with the marketing agent of this project at Melrose Arch Pam Golding.


That's sad but will the 6 floors be added on top of existing building?

dammit, my miracle growth formula worked the opposite way :(

Official news...

Nedbank axes R1.6bn development
http://www.thetimes.co.za/News/Article.aspx?id=807768
Xolile Bhengu and Simpiwe Piliso

Some of SA’s richest business executives and families have been refunded between R3-million and R25-million for apartments they bought in one of Johannesburg’s priciest residential developments.




Billed as Sandton’s most sought- after address, apartments at La Residence in Sandton were priced at R40000/m² — off plan.

But banking group Nedbank yesterday confirmed that plans for the R1.6-billion project had been shelved.


Price tags for the 152 apartments in La Residence, above the banking group’s head office on the corner of Rivonia and Maude streets in Sandton, had ranged from R3-million for a one-bedroom unit to more than R25-million for each one of the six penthouses.

The six penthouses would have ranged from 388m² to 739m², while the other flats would have been between 114m² and 214m².

At the launch of the development in March, Ken Reynolds, Nedbank Corporate Property Finance’s national property finance specialist, said about 75 percent had been reserved and were being converted into sales.

Reynolds said this week that recent changes in the residential property market since the

Do you think it is that they are temporally excluding the residential exponent and have ambitions to do it in the future once the property market has recovered......

I took this a couple weeks ago......looks like columns there at the foot of the existing building......Sorry for the crappy photo but I was driving at the same time......I don't think it is anything we haven't seen before and explains my reluctance to post it in the first place.

http://i255.photobucket.com/albums/hh140/KomSakkie/IMG_0745.jpg?t=1216910991

So sad they're scrapping it :(

Do you think it is that they are temporally excluding the residential exponent and have ambitions to do it in the future once the property market has recovered......

I took this a couple weeks ago......looks like columns there at the foot of the existing building......Sorry for the crappy photo but I was driving at the same time......I don't think it is anything we haven't seen before and explains my reluctance to post it in the first place.

http://i255.photobucket.com/albums/hh140/KomSakkie/IMG_0745.jpg?t=1216910991

nope, those are prob for the 6 F expansion they speaking about

I wonder why they just didn't reformulate the project. Obviously selling apartments at R3-mil is unsustainable in today's climate, but marketing apartments at a lower (i.e. middle upper) market would perhaps see positive results? The site is PRIME land, and it would surely be a positive investment were a portion of the development be leased out to a hotel group, for instance. It's just such a waste to build a block of offices only, particularly given the close proximity to the station.

I also think it would be contrary to Sandton's Spatial Development Framework. I'm not exactly sure what the stipulated minimum height of buildings in Sandton are, but it seems that a 6F squat would fly in the face of the Framework.

Sad news but I still got hope. Wow Mike, that was sharp hey, I see Tom posted this 16:20 yesterday and the thread have already been changed to **Cancelled** , that's good work. I just hope the changes to other threads will also happen as quick.

:cry:

Sad news but I still got hope. Wow Mike, that was sharp hey, I see Tom posted this 16:20 yesterday and the thread have already been changed to **Cancelled** , that's good work. I just hope the changes to other threads will also happen as quick.

Which one's?

Not surprised at all. It's in SA afterall, where big scale projects are too overwhelming...like our chokers at the Olympic Games >(

Which one's?


This one?? http://www.skyscrapercity.com/showthread.php?t=543774&page=2

^^ Well not cancelling that one, but editing its title would be nice... even though 'Mysterious groundwork' is rather imaginative ;)
I think we would also need to create a new thread for this one because whilst the residential section has been cancelled, the office component is still on.

^^ agreed Tom.

So turns out it wasn't the residential market that got the development canned. Nedbank wants to capitalise on the high demand for office space in Sandton, and estimates that an extra 26,000m2 of office space is needed over and above their current 19,000m2 in Sandton. Wonder how many floors this will translate into? From http://www.realestateweb.co.za/realestateweb/view/realestateweb/en/page196?oid=15419&sn=Detail

Nedbank : "Why we dumped Pam Golding clients"
Denise Mhlanga
25 July 2008

Move over La Residence - office space is the "new black" in Sandton and Nedbank intends cashing in on the high demand for rental office space.

While the residential property market is having it tough right now, non-residential in the form of office space in Sandton is more in demand.

Nedbank Corporate has cancelled its R1,6bn mixed use development, La Residence, launched in March in favour of office-only space.

The timing of its cancellation comes when the residential property market is taking a beating as suggested by the FNB residential property barometer released on Monday (see property market worse than expected- bank).

Ken Reynolds, Nedbank Corporate Property Finance's national property finance specialist, said Nedbank has changed its plans to develop La Residence - meant to be a mixed-used development featuring residential apartments - to an office building which will incorporate a small retail element.

"Market conditions including a slow-down in residential property sales and dramatic increases in development costs, necessitated a revision of original plans," said Reynolds.

He added that La Residence would be converted into office space only with the inclusion of a Nedbank branch on Maude Street.

"The benefits that will flow from the change of plans include greatly decreased building costs, a reduction in traffic congestion in Sandton and the freeing up of much needed rental space in Sandton," said Reynolds.

Furthermore, Reynolds said Nedbank currently occupies 19 000m2 of rental office space in Sandton and estimates a required additional 26 000m² of office space in the area by the end of 2009.

Construction of the office space on the La Residence land starts next month. The premises will be ready for occupation in the first quarter of 2010, is the estimate.

Reynolds said, to save energy, the development will have a "green building" emphasis to save energy and water.

Meanwhile Andre Dippenaar, development manager at Pam Golding Properties in Gauteng which was mandated to sell the development, said the cancellation of La Residence has nothing to do with the current residential property market.

"This development was for the high-end of the market that are not affected by interest rates - that's why they bought into the development in the first place," said Dippenaar.

La Residence was cancelled on 2 July and investors who have bought into the development are now getting their money back.

Dippenaar said, until the cancellation, they had sold half of the apartments of the intended 152.

He said investors are getting back amounts of R3m to R28,5m they have invested for their apartments.

"We worked hard for 20 months and sold the development successfully, we are obviously concerned and have taken the matter up with Nedbank," he said.

La Residence was launched in March to be constructed on the corner of Maude Street and Rivonia Road in Sandown.

It was expected to be completed in the last quarter of 2010 and a price ranged from R3m for a 114m² one-bedroom unit and was the priciest area in Johannesburg selling for R40 000m² off-plan.

However, Dippenaar said developments do get cancelled most of the times and Realestateweb visitors will be familiar with Urban Ocean Developers in the Johannesburg CBD which abandoned its CornerHouse residential development for a 7-star hotel instead (read Can big Joburg CBD developer deliver on promises?)

So is the whole development still going through or is it just as you say that its only the original 6F office development.

This could be a good thing. A possible redesign and maybe even a few more floors. I'm actually quite excited

http://www.eprop.co.za/images/logos/eproplogo.jpg

Market conditions prompt changes to Nedbank's head office second phase

25 Jul 2008 - eProp - Nedbank

Intro
As a result, the commencement of the development of phase two of Nedbank’s Head Office building in Sandton, has been revised to August 2008

“Market conditions, including a slow down in residential property sales and dramatic increases in development costs, necessitated a revision of our original plans. What was originally earmarked as residential and commercial property will now be limited to office space only with the inclusion of a Nedbank branch on Maude street,” says Ken Reynolds, Nedbank Corporate Property Finance’s national property finance specialist.

Nedbank, which currently occupies 19 000 m² of rental office space in Sandton, will occupy the additional space created through the development. It is estimated that Nedbank will require an additional 26 000m² of office space by the end of 2009.

“The benefits that will flow from the change in plans include greatly decreased building costs, a reduction in traffic congestion in Sandton and the freeing up of much needed rental space in Sandton,” says Reynolds.

According to a recent SAPOA Office Vacancy Survey the number demand for office space in Sandton has increased dramatically with vacancy levels of A+, A and B category properties dropping to 0, 2.50 and 3.40 per cent respectively in the first quarter of 2008.

With construction planned to start in August 2008, the offices are expected to be complete in November 2009 with occupation in the first quarter of 2010. The project is to be designed in terms of “best practice” for green buildings with the main emphasis being on efficient energy and water usage. During construction, the bulk of the power requirements will be supplied by generators to alleviate demand on an already stretched electricity grid. There are a number of initiatives underway to minimise power requirements upon completion of the development.

This could be a good thing. A possible redesign and maybe even a few more floors. I'm actually quite excited

its not going to be a tower mate. They are saying completion in early 2010. It will be low lying like the rest of the nedbank campus

I also doubt that it will be a tower.

Was suprised this morning when i drove past the site a saw construction crew moving onto the site. Building has started. will try and get pics soon.

That's good news, even if it is far less than what we expected.

Could we please change the title of the thread to "Nedbank HQ Extension - Commercial - 6F - Under Construction."

The project after all hasn't been fully scrapped, and we need a thread for it. It would make sense to just continue the original La Residence thread.

I hope they building with the aim of going higher if demand arises.

Progress.....

http://www.flickr.com/photos/pavel/2797988888/

http://farm4.static.flickr.com/3071/2796432790_7755380c8f_o.jpg

Just some news on this building.
The basement was already completed when the original Nedbank building was build. So the new building will just be buildt on top of this basement.

A lot of work are being done and they have already started to cast the pillars for the next level.

Probably the most exiting news I got was when speaking to the guys on site, the building will still be 25 floors. Will try and get more info on this as soon as possible.

Wooooo hoooo :) 10 points Mr Q! Then i rate we just start a whole new thread cos the "**cancelled**" hurts my eyes

Or just rename this one :) and it's awesome it's still 25F.

So it looks like i was correct :)

Just some news on this building.
The basement was already completed when the original Nedbank building was build. So the new building will just be buildt on top of this basement.

A lot of work are being done and they have already started to cast the pillars for the next level.

Probably the most exiting news I got was when speaking to the guys on site, the building will still be 25 floors. Will try and get more info on this as soon as possible.

Not quite, I was involved in the migration of the Nedbank teams from across Joburg to the new building like 9 years ago and I destinctly remember the old 94 Sterio offices in a drab brown brick building which was there. Durning the move in of Nedbank , they started demoloshing the building but it deffinalty wasent done at the same time.

In fact my firm at the time submitted a 30F proposal for the site which was rejeccted by Nedbank as being "too tall for Sandton", seems they were wrong

Please can we get some form of official communication that this will still be 25F. It will be fantastic if it is!! BUT, all news i have seen states the 6F message

Please can we get some form of official communication that this will still be 25F. It will be fantastic if it is!! BUT, all news i have seen states the 6F message

We also need to know if the building will still be called La Residence or Nedbank Headquarters.

Its alive?

Sure is. They've got rid of the multitudes of landscaping and the prehistoric basement is now visible. Hopefully 25 floors from now we will have our building :)

Spoke to 2 people on site and one said its still 25 floors and the other said he will only confirm on thursday after the meeting.

Big work on the way here!
Cement Trucks
http://i198.photobucket.com/albums/aa259/granova/DSC01416.jpg

The site
http://i198.photobucket.com/albums/aa259/granova/DSC01418.jpg

Work work work
http://i198.photobucket.com/albums/aa259/granova/DSC01421.jpg

http://i198.photobucket.com/albums/aa259/granova/DSC01422.jpg

Ahh thanks Jakes!! Looks quite delicious

Now if Sandton Central could just fix up that section of Maude..

thanks for the pics Jakes

Now if Sandton Central could just fix up that section of Maude..

Got news today that Maude will become a walk way! will try and get more on this. All the firms in the area got notifications regarding this.

wow Maude would make for such an awesome walkway!
thanks Yarrick for the photos!

Big work on the way here!

http://i198.photobucket.com/albums/aa259/granova/DSC01422.jpg

Whats the big black box....is it the start of a shaft or something.

Its the inflight recording big black box ;)

joking, porb casting walls, for retaining wall section, prob a lift shaft or fire escape.

Phase 2 of Nedbank Head Quarter development project is underway. The R950 million project awarded to Group Five, will consist of new offices with retail shops on the ground floor. The offices are expected to be complete in November 2009, with anticipated occupation for the first quarter of 2010. The multi-storey building is designed in terms of the best practice for green buildings, emphasis being on efficient energy and water usage. Construction of this phase of the project started in August.

^^ no indication of height though???

How much was the initial costs?

I think we need to remove number fo floors on this one as I went to the site again today and was told that it will either be a 8 or 9 floors, so for now I think it will be best to put number of floors as known.

The expectation of a 25floor office building is unrealistic - as that would more than double nedbank's current office space... 8 - 9 seems realistic - it is sad, but hey - reality bites.

Is it that unrealistic though? The current building is 9 floors high, and it's huge. You could quite easily put them both on top of each other to make it 18 floors.

^^ Tom, the current building is actually 6 floors, therefore 9 floors will be good.

Nuh uh - I've been in it and it's 9 :) Looks like 6 from the outside.

9? they must be very tiny floors

Observe:

http://i54.photobucket.com/albums/g102/joburgboy/mainbuilding.jpg

8 floors + Ground = 9 floors!
And that portion of the buildings spans at least 500m in length.

back in da day i use to audit in that building, its a sick building with a great canteen...

Sick as in good, or sick as in bad? :) I like the atrium a lot. Is very airy.

^^sick as in good. super cool building. its massive.
one of the cooler office blocks in jozi, nice views of sandton. coolest view i had in jozi was working on the 44th floor of the carlton, luv seeing those thunderstorms roll in, the flipside was that i could check the traffic buiding up for the trip home.

Observe:

http://i54.photobucket.com/albums/g102/joburgboy/mainbuilding.jpg

8 floors + Ground = 9 floors!
And that portion of the buildings spans at least 500m in length.

thanx tom tom, it just doesnt feel 9 when you drive past

Two Cranes on site
http://i198.photobucket.com/albums/aa259/granova/DSC01641.jpg

Seen a render for this. It is just an extension of the other buildings: same height, same look.

Blugh, at least it is still going ahead.

I went to Nedbank's head office today and construction seems to be going very smooth, they busy with the 2nd floor. My prediction is that the bulding will be completed by March/April 2009.

Progress?

from Pule

http://i55.photobucket.com/albums/g160/amgosai/Puzela/P1130221.jpg

http://i55.photobucket.com/albums/g160/amgosai/Puzela/P1130209.jpg

This is 9Floors

They currently working on 5th level.

http://i55.photobucket.com/albums/g160/amgosai/Puzela/P1150383.jpg

such a pity that a prime site like this went low rise, missed oppotunity

i luf it. use to bust me ballz 8 to 5 there as a young auditor. sick building. like the way its right on the street. kief canteen too.

It really bulks up the area, works well for for 9 floors. Clearly visible from the M1 too

I used to work across the road from that place in Merchant Place....

NEVER ever ever again will I work for a bank...

I now work for a company with a better canteen, and a MUCH better view of the ocean :)

But, its nice to see Nedbank bulking the area up a little bit.

It really bulks up the area, works well for for 9 floors. Clearly visible from the M1 too

Yip, it's cleary visible from the highway. But those trees at Innesfree Park blocks the view of the Sandton skyline. I like trees but I wish that they could move some of them so that one can open see Sandton skyline from the M1.

I used to work across the road from that place in Merchant Place....

NEVER ever ever again will I work for a bank...

I now work for a company with a better canteen, and a MUCH better view of the ocean :)

But, its nice to see Nedbank bulking the area up a little bit.

Where about in Umhlanga? lol

They busy with the last floor, I actually counted 10 floors instead of 9.

Topping out - and it is 10 floors. Acts as a nice filler - pity it wasn't the 25F it was supposed to be
http://i198.photobucket.com/albums/aa259/granova/DSC00159-1.jpg

http://i198.photobucket.com/albums/aa259/granova/DSC00158.jpg

Yip, it's cleary visible from the highway. But those trees at Innesfree Park blocks the view of the Sandton skyline. I like trees but I wish that they could move some of them so that one can open see Sandton skyline from the M1.

Wish they would just build higher so the trees wouldnt be an issue.

http://lh4.ggpht.com/_8vtS2KxYe58/StHTmDKeq5I/AAAAAAAAAEo/0ok028weCts/11102009568.jpg

thanks Hein. These are making an impact now, can see them clearly from M1 Motorway. I really should get my butt out there to take a skyline shot of Sandton. Would look awesome with a great sunset

A nice addition to Maude Street me thinks
http://i198.photobucket.com/albums/aa259/granova/DSC01190.jpg

http://i198.photobucket.com/albums/aa259/granova/DSC01191.jpg

The fact that it will feature retail on the ground floor will make it more sexier.

wasted oppotunity and lack of vision by Nedbank. I looked at a 25F resi/comm building on this like 10 years ago

Pictures really don't do this justice. It is quite massive in person. Although ofcourse >20 floors is always better

^^ yah you're right. it adds tremendous bulk to the skyline. but of course 20F would be nicer

best part is the density, sandton centre is filling out nicely.

the tall building that was canned, is that big hole still lurking there? are those nasty panels still covering up the site...? *eyesore*

I think so :(

the same architect responsible for this building GLH is busy with the old Doppio site. The trees on the site in Cradock Avenue in Rosebank are being needlessly hacked down! As I can ascertain there has been no permission granted for this!
They are protected and what is happening is ILLEGAL! What is more interesting is that the architectural firm working on the site, and thus responsible for the destruction of the natural environment are GLH architects. The same firm designing Nedbank Phase 2, the first green star rated 4 star accredited design in South Africa.

Brian what are they doing on the old Doppio site?
The SA Institute of Architects should surely be making a noise about this...

they have removed all of the trees from the site, the trees were oak trees, over 50 years old and were protected by the National Environmental Management Act.
CRIMINALS!

No no as in what are the developers planning to develop there? :) Retail.. offices.. hotel?

Cladding also worked on on this one, it's gonna be a beauty.

they have removed all of the trees from the site, the trees were oak trees, over 50 years old and were protected by the National Environmental Management Act.
CRIMINALS!

Brian why havent we seen or heard something about this if its a criminal act?

Suely someone has something to answer for?

Big and Bulky and Blah
http://i198.photobucket.com/albums/aa259/granova/Santon%20Feb%2009/P2190284.jpg

http://i198.photobucket.com/albums/aa259/granova/Santon%20Feb%2009/P2190285.jpg

http://i198.photobucket.com/albums/aa259/granova/Santon%20Feb%2009/P2190283.jpg

http://i198.photobucket.com/albums/aa259/granova/Santon%20Feb%2009/P2190281.jpg

http://www1.picturepush.com/photo/a/3147659/640/3147659.jpg

http://www3.picturepush.com/photo/a/3147661/640/3147661.jpg

drove past the other day, bit of let down as is basically identical to the rest of nedbank...here's hoping the groundfloor retail is decent...but it is a big bulk!

A restaurant called Wall Street Restaurant will be opening soon here.

^^

http://www5.picturepush.com/photo/a/3442703/640/3442703.jpg

^^ meh.. dunno why it couldn't be the Maude Str Restaurant. Joburg is Joburg, not New York.

thanks for the update though Pules :)

Thanks Tom, I agree that it could have been named after Maude Street were it is located.

What an Epic fail. Wall street on Maude street? I think not

The name says it all.. For the succesful discerning proffessional. Ambience is amiable,exquisite,chefs with unsurpassed talent, food presentation amazing,overall i'm elated to dine at Wall St..an emphatic yes

What an Epic fail. Wall street on Maude street? I think not

the whole project is an epic fail. GLH buildings are real cookie cutter stuff. one size fits all. :ohno:

the whole project is an epic fail. GLH buildings are real cookie cutter stuff. one size fits all. :ohno:

Atleast it opens up to the street... :lol:

Two SA properties receive Green Star ratings
By: Christy van der Merwe
21st September 2010


The Green Building Council of South Africa (GBCSA) on Tuesday handed out two project certification awards to South African property developments, which achieved Green Star South Africa ratings.

The first project, the Nedbank phase-two head office in Sandton, achieved a four-star Green Star South Africa ‘as built' rating under the office version-one rating tool.

This building received its ‘design' rating in November 2009. Nedbank project manager Ken Reynolds said that the project team worked hard and made continuous improvements to achieve the four-star ‘as-built' rating.

The building was designed by GLH & Associates Architects, with construction by Group Five, and significant involvement by WSP Green by Design consultancy.

The second project certification was awarded to Xenprop, for the Ridgeside project in Umhlanga, KwaZulu-Natal, which received a four-star design rating.

Ridgeside was only the second office building in South Africa to achieve the design rating, and the first to do so in KwaZulu-Natal.

GBCSA technical executive Mandfred Braune explained that after a decline in projects registering for Green Star South Africa certification towards the end of 2009, the registration process had picked up in 2010.

There were currently 18 office building projects registered for certification with the GBCSA, located in Gauteng, Cape Town, KwaZulu-Natal and one in Limpopo.

The GBCSA's second rating tool for retail developments was launched in 2009, and two projects were registered for certification, with the industry waiting to see which would scoop the accolade of the first Green Star rated retail development.