• Saturday, July 27, 2024
businessday logo

BusinessDay

First building on Eko Atlantic City ready in 24 months

businessday-icon

  Slowly but steadily, Eko Atlantic City is evolving, and hopefully, in the next 24 months, the city’s first building shall have been completed and possibly occupied, its developers and promoters have said.

Eko Atlantic, an emerging city in Lagos, is rising on reclaimed land from the Atlantic Ocean and, according to its developers, it is a 21st Century city that will compare with United Arab Emirates city of Dubai.

David Frame disclosed to journalists at the project site that the developers of the city’s first building, who he did not disclosed “for security reasons,” have already started piling up work in preparatory to building what he called “a fully commercial development.”

Frame, managing director, South Energyx Nigeria Limited, developer of the city, spoke during the visit of Michel Sleiman, the president of the Republic of Lebanon to the city.

He said the Lebanese president came to the city to see what his country men were doing (since the promoters of the project are from Lebanon), adding that the visiting president was impressed with what he saw.

David also revealed that the first phase of the city comprising over two million square metres of land was almost sold out to institutions and corporate bodies, adding that they had achieved some important milestones in the development of the city.

“The important milestone we have achieved here is that 50 percent of the land reclamation has been done, and also three and half kilometres of the eight and half sea protective wall has been completed,” he said.

Continuing, he said: “The first phase of the project which is over two million square metres is almost sold out; within the next two years, the first building in this city will have been completed and that is going to be fully commercial development.”

According to the managing director, the city will be self-sustaining in terms of infrastructure provision, as “all the infrastructure needed in the city will be buried underground; none of these facilities will be seen on the surface.”

Another investor in the city, Eko Pearl Nigeria Limited, has perfected plans to what it calls Eko Pearl – a 24-storey residential tower to be located on the harbour front of the city.

Residents of this new luxury tower will be able to enjoy uninterrupted views of the water as they take in the endless breeze from the ocean, and in addition to living in the newest prime area of Lagos, residents will enjoy first-class infrastructure facilities, including uninterrupted power, water, and security services.

“Eko Pearl is a luxurious tower that consists of 24 residential floors, a pool and terrace level floor, a ground floor, a technical floor and a basement floor, both dedicated to 345 parking places and 48 storage rooms,” an official of the company said.

According to him, typical apartments are located starting from the first to the 18th floor, comprising an entrance hall, sitting rooms, dining room, living family room, kitchen, master bedrooms, guest rooms, among others, while duplex apartments are located on the 19th – 20th and 21st – 22nd floors, consisting of lower level and upper level.

Lower level comprises entrance hall, sitting rooms, dining room, lounge, kitchen with pantry, guest bathroom, maid room and WC, laundry, balconies.

Upper level comprises living family room, master bedrooms and balconies.

“The Eko Duplexes will be built upon the finest standards of quality in architectural design, construction, and convenience; a lifestyle worth-living; The Penthouses also called ‘Apartments in the Sky,’ offer homeowners remarkable panoramic views,” he said.

 

STORIES BY CHUKA UROKO