Mitraland Group today signed a Memorandum of Understanding (MoU) with two key tenants Chi Fitness and Loudspeaker for its new maritime-themed, bespoke retail destination Pier 8 that is expected to be completed in Q1, 2020 together with Gravit8’s Phase 2A serviced apartments.
Built adjacent to an 8-acre lake, a future focal point for Klang South, Pier 8 will be Klang’s latest suburban, trendy hotspot with unique, dynamic spaces for leisure, dining and entertainment for southern Klang communities.
Located within Gravit8, a 15-acre freehold mixed-use development, Pier 8 will be a maritime food haven and Klang’s first seafood hub.
It will also feature a first of its kind in Klang – an in-mall salt water aquarium which will showcase a variety of ocean life and double up as an occasional live underwater performance arena. The aquarium will also serve as an educational component where both children and adults can learn about fascinating marine life.
“Pier 8 will provide the perfect niche lifestyle retail space for the underserved Klang market. Our partners recognise the tremendous growth potential of the fast-growing southern Klang corridor thanks to a growing number of nearby townships such as Bandar Bukit Tinggi, Bandar Botanic, Bayuemas and Bandar Parklands,” said Dato’ Johan Ariffin, Chairman of Mitraland Group.
There will be a substantial growth to the population and household income of the surrounding areas once the development is completed in 2020. The location is also expected to benefit from the proposed LRT 3 Line extension that will be completed by August 2020.
With a Nett Lettable Area (NLA) of approximately 150,000 square feet spread over two levels and 700 parking bays, Pier 8 will also feature interesting design elements including a maritime street walk which features al-fresco dining and a selection of gourmet F&B options, open-air performance spaces and a wealth of lush landscaping.
Gravit8 which has a Gross Development Value of RM1.3 billion also consists of serviced apartments, speciality retail outlets, a mall, corporate offices, small offices/versatile offices (SoVos) and a 150- to 200-room boutique hotel.
Gravit8 is a 10- to 15-minute drive from Kota Kemuning and is conveniently located along Jalan Klang-Banting, opposite the proposed Johan Setia LRT station.
It is also next to the Shah Alam Expressway (KESAS) towards Port Klang and is accessible by Federal Highway, North Klang Valley Expressway (NKVE) and the South Klang Valley Expressway (SKVE).
Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my
