|
|
Project Name: The Ridge Hotel
Project Sponsor: Tenitor Properties |
| The Ridge Hotel is located on Erven 185,187,189,191 and 1411 in Berea. The project entailed the acquisition and refurbishment of rooms into affordable housing units. The Ridge Hotel has four properties: the 14 storey main hotel building, the 4 storey hotel extension, a two storey (Helen Suzman) building and Kwa Ngombe, a 3 storey standalone building. These properties could yield 12 rooftops, 210 bachelor units and 12 one-bedroom units. |
|
|
Project |
Project
Construction Year |
Total Development Cost excl. land (incl. VAT) |
GPF
Funding |
Co-sponsor Funding |
|
The Ridge Hotel |
2011 |
R37 873 000 |
R11 361 900 |
R26 511 100 |
|
|
|
|