Saturday, July 2, 2022

Itowers considers extension for more floors

There are considerations to extend the Itowers project beyond the initial 26 floors of which the first tower consists mainly of commercial space while the second tower will mainly consist of residential units at the up-market Central Business District (CDB).

The ODE Group and Tredinnick, joint developers of the iTowers, who recently launched the second tower of the iconic project, have a new proposition for Batswana following the selling out of all residential units.

iTowers spokesman, Batanani Nkhumisang, stated that the second tower will have residential units comprising studios, one, two and three-bedroom units.┬á He said purchasers will have the option to live and or work in their units. He added that it will allow property novices to begin building their property investment portfolio.┬á There’s also an option to purchase a fully serviced unit.

“We wanted to ensure that we could cater for as many demands as possible, whilst condensing these demands into one development,” he said.

He also emphasized that qualifying buyers will be assisted with their purchase from the beginning to the end of the process.┬á He observed that Botswana’s economy is growing fast, and there’s a high demand for living space in urban areas.┬á Nkhumisang added that the process of buying property is intimidating, and they want to be there for the clients to make sure they achieve their goals.

┬á“We saw a gap in the market which presented an opportunity to offer citizens a glimpse into the true benefits of city life. City life is about simplicity, convenience, productivity and sophistication,” said Nkhumisang.

He revealed that sales for the second tower will be jointly handled by Appleby’s and Premier Projects, adding that potential buyers will be invited to tour the development site, which includes a mockup of what the final units will look like.┬á He pointed out that when complete, the two towers will feature shops, restaurants and a gym to fully cater to their clients’ lifestyle needs.

Nkhumisang said that the iTowers will have a total of 174 units ÔÇô 64 units in Tower 1 and 110 Units in Tower 2, adding that the new tower, Tower 2, will be at least 26 stories high. Nkhumisang stated that Tower 1 will have a Skybar on the roof terrace with each Tower has double basement parking.

“Corporates are looking at innovative ways to cut cost under all heads, including travel, and serviced apartment and corporate managed residences are options that companies are switching to,” said Nkhumisang.

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