One of the latest future additions to the City of Windhoek’s skyline, the much anticipated upmarket development known as 77 on Independence Avenue, is on track for completion by May or June 2016.

The Ohlthaver and List Group of Companies, Standard Bank Namibia and Howard Chamberlain Architects yesterday confirmed that all 164 residential units in the N$210 million investment have already been sold, the New Era reported.

The residential side of the development consists of 11 one-bedroom flats, 143 two-bedroom flats and 10 three-bedroom units and includes about 1 500 square metres of retail space as well as 193 parking bays.

“Windhoek’s central business district (CBD) needs to be nurtured. This investment along with the new FNB building and next year’s expansion of the Wernhil Shopping Centre will make the CBD very impressive to stand out in Africa and beyond,” said O&L Executive Chairman, Sven Thieme.

He explained that the vision of 77 on Independence started about four years ago and expressed delight that the project has progressed to the extent that a final artist’s impression of the building was unveiled recently.

Also speaking at the event, Standard Bank Namibia’s Chief Executive, Vetumbuavi Mungunda, said the massive project, which is situated across the street from the Windhoek City Council, signifies a reinvigoration of the Windhoek city centre.

“Infrastructure projects not only help to develop the economy but also help to sustain the economy for years to come. This development is a vote of confidence in the Namibian economy and in the future of Windhoek,” said Mungunda.

–The New Era