Leading the R600 Million Development in Meyerton
Tri-Star Construction is proud to announce our appointment as the main contractor for the prestigious Riverstone Mall project in Meyerton. This milestone underscores our commitment to delivering top-quality construction services and contributing to the development of vibrant new communities.
Riverstone Mall, the first formal retail offering in Meyerton, represents a significant investment in the region, totaling R600 million. The mall will feature 18,000m² of gross lettable area (GLA) with an impressive lineup of tenants, including Checkers FreshX, Woolworths Food, Dischem, Clicks, Truworths, Mr. Price, and the Pepkor Group.
Barry Chapman, CEO of Alley Roads, highlighted the importance of this development, stating, “Riverstone Mall is part of our 175,000m² development pipeline aimed at underserved township and peri-urban areas across South Africa. Our strategy focuses on building communities that prosper through affordable housing and retail developments.”
The mall, financed by Rand Merchant Bank (RMB), is set to open in early 2025. It will include a 3,000m² motor-related retail section and 337 new apartments adjacent to the mall, fostering a symbiotic relationship between housing and retail.
During construction, Riverstone Mall will create 1,200 jobs, with an estimated 250 permanent positions upon completion. The development will feature 1,000 parking bays, a food court, and two fast food drive-thru outlets. To ensure sustainability and operational efficiency, a 1908Kva solar plant with a battery backup system will be installed, ensuring the mall remains operational during loadshedding periods.
Loyiso Daka, Senior Transactor and Dealmaker at RMB Real Estate, emphasised the high demand for quality retail supply in previously underserved nodes, stating, “These malls play a crucial role in delivering goods, services, and associated infrastructure to the surrounding community.”
Tri-Star Construction is excited to bring our expertise to this transformative project, contributing to Meyerton’s growth and providing a modern, convenient shopping experience for its residents. Stay tuned for more updates as we progress with the construction of Riverstone Mall, a landmark development that promises to enhance the local community and economy.
Sources:
Publisher – Tony Korsten