SLAVA VILLAGE: MAKING RESIDENTIAL LIVING SAFE AND AFFORDABLE
An affordable and secure residential village is in the works for the Boksburg CBD and will be ready for occupation in the beginning of 2023. Property entrepreneur Leroy Slava (pictured), together with TUHF, is following on the previous TUHF funded project, @Fourteenth, and this time converting a retail mall to a residential village.
W hen complete, the property will have capacity to house about 200 people across 52 flats, 27 of which will be one-bedroom units, 18 two-bedroom units and 7 two-bedroom apartments that will feature spacious lofts, made possible by the high ceilings of the property. The residential mix is envisioned as spanning from young professionals and families to older couples. "When I completed @Fourteenth, I started receiving a number of requests for two-bedroom apartments, which @Fourteenth didn't have many of, so this should fill that gap," Slava explains. Slava's ambition to grow his portfolio in an area of the city that he knows well – Boksburg - meshed well with TUHF's vision of uplifting areas and fostering urban regeneration. Slava Village is well on its way to completion, as construction has been ongoing since late July, and already, eight of the apartments are complete. There are presently parking bays for about 20 cars, which may be extended further to accommodate closer to 100 cars. TUHF provided financing to the value of R13,3m for purchase of the property as well as construction, refurbishment and professional fees to complete the conversion in full, payable over 15 years. Slava enthuses that the residential village is aimed
at being secure, affordable and family friendly. To this end, Slava Village’s security will include electric fencing, security cameras, a security guard, and armed response. As it is directly opposite @Fourteenth, it shares that building’s ready access to transport and proximity to the Municipality’s Customer Care Centre, Boksburg Public Library and retail facilities. While not yet confirmed, Slavic Village may also feature a laundromat and a coffee shop. Essentials that are confirmed include fibre optic Internet and Wi-Fi access as well as DSTV. Of particular interest given the current power constraints is that Slavic Village will be sustainable, with solar power deployed in three stages across the village, and a borehole to ensure constant water supply. Electricity and water will be on prepaid meters, and low flow taps and showers will be installed throughout to ensure water is sustainably managed. ‘’In terms of my long-term vision, my goal has always been to grow a big portfolio of properties, which thanks to TUHF, I am on my way to realising,” he concludes.
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9 CONSTRUCTION WORLD FEBRUARY 2023
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