Rural retail specialists McCormick Property Development (MPD) are expanding their retail footprint in the Eastern Cape with Flagstaff Square.
MPD broke ground on the double level mall during the last week of September with opening planned for the final quarter of 2021. A development that has been twelve years in the making, the 10 800sqm development is over 70% let with full-service offerings from Clicks, Absa and Capitec Bank and it includes a substantial offering from Truworths, Markhams, Sportscene, Ackermans, Pep, Power Fashion and Dodos. Shoprite and Roots Butchery will anchor the development.
Jason McCormick, CEO of MPD says Flagstaff Square epitomizes the new standard of rural retail that their developments have evolved into.
“Working together with our local partners, Emayapondo Properties, we will bring quality retail to those that deserve it most and completely transform the retail landscape of the area. Our goal for almost 40 years has been to provide quality, affordable retail opportunities to communities that previously had no access to it. Flagstaff Square will deliver exactly that” he says.
Development has also recently commenced on Mt Frere Mall in Mt Frere, in partnership with AJ Property Holdings and it will include almost 20 000sqm of leasable area in the first phase.
Set to host numerous national retailers, the Mt Frere Mall project will ensure that local development and investment are a major priority. “We believe in identifying and upskilling entrepreneurial community members in each scheme we develop,” explains Jason. “In this way we are able to provide real, tangible opportunities for community members in and around each scheme, thus ensuring micro-economic development within these areas.”
The commencement of these projects in the Eastern Cape follows the development of MPD’s flagship Mall of Thembisa, a double level mall opening in November 2020 which aims to transform the face of ‘traditional’ rural retail
Located in the burgeoning township of Tembisa, on the main thoroughfare of Olifantsfontein road, Tembisa, the 44 690sqm regional shopping centre boasts around 150 stores and is anchored by four grocers, namely Super Spar, Shoprite, Boxer and Roots Butchery. It also boasts the largest shisanyama in South Africa with the world famous Imbizo (of ‘Busy Corner’ fame) offering a triple level, VIP culinary experience.
The project has resulted in the creation of more than 2500 jobs during construction, with over 2000 permanent jobs once the mall is open and trading.
“As a company, we continue to believe in the potential of South Africa and its people’s ability to bring about positive, meaningful change,” says Jason.
“We will continue in our mission to provide quality retail to the rural communities within our country while providing a platform for community members to grow along with us.”