The Vista Park Catalytic Project in Mangaung (Bloemfontein) is a massive development aimed at providing much needed housing opportunities. Extension 2 of the project is expected to yield over 5 344 residential opportunities, while Extension 3 will produce around 6 036 residential opportunities.
Vista Park 2
- Location: South of Bloemfontein CBD, Mangaung Metropolitan Municipality
- Economic sector: Mixed-use property and services
- Developer: Mangaung Metropolitan Municipality
Project description
The 150 ha site is south of the Bloemfontein CBD within the municipal urban edge. The development adjoins the existing commercial area off Oliver Tambo street and there are nearby residential suburbs and an existing industrial area. The multiyear project (10-15 years) focusses on a mixed-use programme with high employment prospects linked to construction phases and permanent employment during operation. Vista Park 2 will provide 5 344 various property investment opportunities, residential and non-residential.
Project development cost: R5.7-billion
Interventions: Upgrading of bulk infrastructure including relocation of bulk water and sewer line. Upgrading of Vereeniging Road. Construction of Vereeniging Road Bridge.
Project status: Gazetted in 2020 as Strategic Integrated Projects. Planning approvals completed.
Issues to be resolved: Project funding
Project stakeholders: Mangaung Metropolitan Municipality, Free State Department of Human Settlements, National Department of Human Settlement, private sector.
Vista Park 3
- Location: South of Bloemfontein CBD adjacent to Vista University, Mangaung Metropolitan Municipality
- Economic sector: Mixed-use property and services
- Developer: Mangaung Metropolitan Municipality
Project description
A multi-use construction and property development is planned for the site that is traversed by the M10 and is accessible to the N1 highway. OR Tambo Street (M30) connects the development with the CBD to the north. There is an existing residential suburb on the northern edge of the site and a large existing industrial area to the east. A total of 6 036 opportunities (residential and non-residential) opportunities will be created.
Project development cost: R6.8-billion
Interventions: Construction of link road was completed in 2023, budget R196-million.Civil and electrical infrastructure in Ext 257 is underway in FY 2023/24, budget R43.6-million.
Project status: Gazetted in 2020 as Strategic Integrated Project. Services agreements for engineering infrastructure concluded.
Issues to be resolved: Project funding
Project stakeholders: Mangaung Metropolitan Municipality, Free State Department of Human Settlements, National Department of Human Settlement, private sector.
Contact
If you are interested to invest, please contact the team directly here:
Photo source: Department of Human Settlements
