OLYMPUS SANDTON , SANDTON SUMMIT PRECINCT
Growthpoint Properties Limited recently announced it is commencing a landmark residential and retail development , Olympus Sandton , in partnership with leading luxury residential developer Tricolt .
Olympus Sandton will be situated in the mixed-use Sandton Summit precinct , anchored by the Discovery Head Office on the corner of Rivonia Road , where Katherine Street becomes Sandton Drive . This strategic investment aligns with Growthpoint ’ s vision to create South Africa ’ s premier walkable mixed-use precinct , capitalising on Sandton ’ s status as Africa ’ s leading financial district .
Growthpoint has been rolling out different elements of the Sandton Summit vision for over a decade now , and Olympus Sandton is its first development positioned to capture the increased demand for residential property in Sandton Central .
The R2bn-plus Olympus Sandton development will comprise two towers . The first residential tower of 26 storeys will be the first phase of the development along Rivonia Road . It will include a premium dining experience from Marble Hospitality Group on one of the tower ’ s upper floors , as well as its extraordinary Pantry convenience retail offering in Grade-A ground floor retail space . The second phase is a tower of at least 16 storeys , located east of the first .
Together Growthpoint and Tricolt will retain ownership of the two retail sections of the tower . Construction of Olympus Sandton is estimated to start in the latter half of 2025 . Olympus Sandton ’ s striking and innovative design matches its prominent position on the Sandton skyline . It was created through collaboration between Australian architectural practice ClarkeHopkinsClarke and dhk Architects .
Sandton Summit is situated at the crest of Sandton Ridge , which is the highpoint of the area . Olympus Sandton ’ s 26-storey tower , although not the tallest building in the area , will become the highest in Sandton , offering unmatched views across Johannesburg and beyond .
Neil Schloss , Head of Asset Management South Africa at Growthpoint Properties , says : “ We believe that commencing the Olympus Sandton development is well-timed for the reawakening of the powerhouse that is Sandton Central , and aligned with its accelerated transformation into a vibrant neighbourhood as it evolves with the trend of people wanting to live closer to workplaces and amenities , to offer an exceptional mix of residential , office , retail and other types of properties .”
Project Watch 11