Bridge City’s bold vision becomes reality

Construction of affordable housing at Bridge City is due to start within weeks – another step toward realising the development’s bold vision. A JV between Tongaat Hulett and eThekwini Municipality, Bridge City is a mixed-use precinct able to cater to a broad range of constituents.

With 356 affordable apartment units to be offered from as little as R499 000, these residential units are crucial to helping the partnership realise its vision of providing quality, affordable urban homes in a new town centre replacing a previously underdeveloped strip. These units will be built by Calgro M3, which has purchased the land for development with affordable home loan provider; Chartwell Group.

Located under 20 kilometres north of Durban’s CBD, Bridge City is bordered by Phoenix, Inanda, Ntuzuma and KwaMashu, collectively accommodating over 600 000 people. These new affordable homes are therefore an important piece of the Bridge City development, which includes the 13-hectare Bridge City Business Estate and a Town Centre comprising commercial, retail, residential, state hospital and regional magistrate’s court sites. The opening of eThekwini’s Go!Durban Integrated Rapid Public Transport Network (IRPTN) public transport system and the installation of CCTV security throughout Bridge City by the end of the year, will make Bridge City a highly desirable commercial and residential node.

“We’re very excited about this development because it is the first delivery of affordable residential accommodation in Bridge City,” says Brian Ive, Development Executive at Tongaat Hulett Developments.

“The development will enable a number of families, in particular first-time homeowners, to bridge the housing affordability gap and step onto the home-ownership ladder,” comments Gregory Connellan, executive director of Chartwell Group.

Chartwell Group is introducing a number of unique and attractive features to qualifying buyers. These include 100% home loans with zero upfront deposits, no occupational rental charges and an accelerated two-week credit approval process. In addition, homeowners will pay one consolidated monthly bill that covers all home loan repayments, body corporate levies, insurances and municipal fees.

Bridge City’s role as a source of affordable accommodation will be further enhanced by the acquisition of five sites in the town centre by eThekwini Municipality. Ive explains that these sites will be used to create social and gap housing opportunities, which will be managed by the city’s chosen development partners.

More information from Brian Ive, Tel: 031 560 1900