The Terraces in New Capital City, Egypt, is a cutting-edge commercial and administrative mall developed by Cornerstone Development. Located in the heart of the New Administrative Capital, this innovative project combines modern design with urban planning excellence.
Designed by a specialized architectural consulting office in New York, The Terraces promises to be a premier shopping destination. It offers multiple property options, catering to both seasoned investors and first-time buyers.
Overview of The Terraces
The Terraces is a prominent commercial and administrative mall development in Egypt’s New Administrative Capital. It aims to become a modern shopping destination and business hub in the heart of this emerging city.
Geographical Location
The Terraces is strategically positioned in the New Administrative Capital, a city planned to alleviate Cairo’s congestion. This new urban center is between Cairo and the Suez Canal region, offering excellent connectivity and business opportunities.
The mall’s location near the Financial District and Data Center enhances its appeal to businesses and visitors. Its central placement makes it easily accessible to residents and workers in the surrounding areas.
The New Administrative Capital’s position between Cairo and the Suez Canal creates a unique advantage for The Terraces, potentially attracting a diverse mix of local and international clientele.
The Developer: Cornerstone Development
Cornerstone Development, a respected real estate firm, is the driving force behind The Terraces. This project marks their second venture in the New Administrative Capital, showcasing their commitment to the area’s growth.
The company’s experience in large-scale developments is evident in The Terraces’ ambitious scope and design. Cornerstone Development aims to create a landmark destination that combines retail, dining, and office spaces.
Their vision for The Terraces aligns with the New Administrative Capital’s goal of becoming a modern, sustainable city. The project’s features and amenities reflect the developer’s focus on quality and innovation.
Architectural Design by Yasser El Beltagy Architects
Yasser El Beltagy Architects (YBA), a renowned architectural consulting office based in New York, USA, is responsible for The Terraces’ design. Their involvement brings international expertise to this Egyptian project.
YBA’s design philosophy emphasizes modern aesthetics and functionality. For The Terraces, they’ve created a concept that blends contemporary architecture with practical layout solutions.
The architectural vision aims to establish The Terraces as a stylish and efficient commercial space. Features likely include ample natural light, open spaces, and a mix of retail and office areas.
YBA’s design also considers the local climate and cultural context, ensuring The Terraces fits seamlessly into the New Administrative Capital’s urban landscape.
Commercial and Administrative Units
The Terraces also caters to businesses with its commercial and administrative spaces. These units vary in size and layout to accommodate different business needs. Options range from small retail shops to larger office spaces suitable for corporate headquarters.
Commercial units benefit from high foot traffic and visibility within the mall area. They feature modern infrastructure, including high-speed internet and flexible floor plans. Administrative units offer professional environments with meeting rooms and reception areas.
The development’s strategic location in the New Administrative Capital enhances its appeal to businesses. Proximity to government offices and financial districts makes it an attractive option for companies looking to establish a presence in this emerging urban center.
Financial Aspects
The Terraces in New Capital City, Egypt, offers potential buyers and investors diverse financial options. Pricing, payment plans, and investment opportunities cater to various budgets and goals.
Pricing Information
Units at The Terraces start from EGP 2.5 million for commercial spaces and EGP 1.8 million for administrative offices. Prices vary based on size, location within the complex, and amenities.
Corner units and those with prime views command premium rates. The mall’s strategic location in the heart of the New Administrative Capital contributes to its higher price point than similar developments in the area.
Payment Plans and Down Payment
The Terraces offers flexible payment plans to accommodate different financial situations. Typical plans include:
- 10% down payment, with the remaining balance spread over 6-8 years
- 15% down payment, with extended payment terms up to 10 years
- 20% down payment, offering lower monthly installments
Down payments range from 10% to 30% of the unit price. Cornerstone Development may provide customized payment plans for bulk purchases or early investors.
Investment Opportunities
The Terraces presents lucrative investment prospects due to its prime location and anticipated high foot traffic. Potential returns include:
- Rental income from leasing commercial or office spaces
- Capital appreciation as the New Administrative Capital develops
- Opportunities for business expansion in a growing economic hub
Investors can benefit from the project’s early-stage pricing and expect a significant value increase upon completion. The mall’s diverse tenant mix and modern amenities are designed to attract a steady stream of visitors, enhancing long-term investment value.
Amenities and Features
The Terraces in New Capital City offers a range of high-end amenities and cutting-edge features. This commercial and administrative mall combines luxury, sustainability, and security to create an exceptional shopping and business environment.
Quality and Unique Features
The Terraces boasts a modern architectural design that reflects urban sophistication. Its luxurious interiors feature premium finishes and materials throughout the mall.
The complex includes diverse retail spaces, from boutique shops to large anchor stores. Visitors can enjoy a variety of dining options, from casual cafes to upscale restaurants.
State-of-the-art office spaces cater to businesses seeking a prestigious address. The mall also houses entertainment venues and leisure facilities to provide a well-rounded experience for visitors.
Green Spaces and Infrastructure
Landscaped gardens and green areas are integrated throughout The Terraces, creating a refreshing atmosphere. These spaces offer visitors places to relax and unwind between shopping and work.
The project incorporates sustainable design elements to minimize environmental impact. Energy-efficient systems and water conservation measures are implemented throughout the complex.
The advanced infrastructure supports the needs of businesses and shoppers alike. High-speed internet connectivity and modern utilities ensure smooth operations for all tenants and visitors.
Security and Smart Systems
The Terraces employs a comprehensive security system to ensure the safety of all occupants. Trained security personnel patrol the premises around the clock.
State-of-the-art surveillance cameras monitor all areas of the mall, and smart gates control access to restricted areas, enhancing overall security.
The complex utilizes smart building management systems to optimize energy usage and maintain comfort levels. These systems also facilitate efficient facility maintenance and operations.
Additional Information
The Terraces offers comprehensive property consultation services and efficient project delivery. Expert advice and tailored solutions support investors throughout the development process.
Property Consultation Services
The Terraces provides expert property consultation services to investors and businesses. Experienced real estate consultants offer personalized guidance on unit selection, investment strategies, and market trends. Monthly market reports inform clients about property values and economic developments in the New Administrative Capital.
Consultants analyze client needs and suggest suitable properties within The Terraces. They provide detailed information on unit specifications, pricing, and potential returns on investment. The team also assists with legal and financial aspects of property transactions.
Project Delivery and Development
Cornerstone Development ensures timely and high-quality project delivery for The Terraces. The company collaborates with renowned architects and contractors to maintain construction standards. Regular progress updates keep investors informed about development milestones.
The project team manages all aspects of construction, from groundbreaking to final touches. Strict quality control measures are implemented at every stage. Cornerstone Development coordinates with local authorities to obtain necessary permits and approvals.
Investors can track construction progress through online portals and site visits. The company provides flexible payment plans aligned with development phases.
Frequently Asked Questions
What are the key features of The Terraces in Egypt’s new capital?
The Terraces is a commercial and administrative mall in the center of Egypt’s New Administrative Capital. It features modern architecture designed by Yasser El Beltagy Architects, a New York-based firm.
The development aims to create a stylish shopping destination with a contemporary aesthetic. Its central location makes it a prominent investment and commercial hub in the new city.
How does The Terraces contribute to the vision of Egypt’s new administrative capital?
The Terraces align with the new capital’s goal of becoming Egypt’s economic, political, and administrative center. It provides essential commercial and office spaces to support the city’s growth.
The project’s strategic location between Cairo and the Suez Canal region enhances its business potential. This positioning helps attract investment and economic activity to the new capital.
What amenities and services can nearby residents expect in The Terraces development?
The Terraces provides a range of shopping and dining options for visitors and residents of the new capital. Its design aims to create a modern urban experience.
The Terraces’ office spaces cater to businesses and administrative needs. The development likely includes parking facilities and other amenities typical of large-scale commercial centers.
How is The Terraces project integrating with the urban planning of Egypt’s new capital?
The Terraces is in the heart of the New Administrative Capital, making it a central component of its layout. Its location supports the city’s goal of easing congestion in Cairo.
The project contributes to the new capital’s vision of becoming a government, business, and commerce hub. It helps create a mixed-use urban environment within the planned city.
What are the environmental considerations for the construction of The Terraces?
The available information does not detail specific environmental considerations for The Terraces. However, as a modern development, it likely incorporates some sustainable design elements.
The New Administrative Capital aims to be a smart city, which may influence the environmental standards of projects like The Terraces.