A NEW figure will soon dominate the Suva skyline with the launch of the latest real estate development project in the Capital City, the 30 storey, 120-metre tall Grand Fijian last night.
The Grand Fijian — launched last night at the Grand Old Lady — is expected to house 77 apartments, hotels, gyms, swimming pools and rooftop cocktail bars and will cost an estimated $110million.
It will be built on the vacant lot opposite Saint Anne’s School and managing director Vijay Sharma says it’s a very ambitious program.
“Once we actually do break ground we’re looking at a 24-month completion program,” Mr Sharma said.
“The building is being designed using some intelligent techniques we are using post form construction for flooring system which eliminates the requirement for beams and actually speeds up the level by level construction.”
He explained the actual date for groundbreaking would depend on how fast the units in the building sell, adding that sales for the units would also be a source of funding.
“The demand is quite high so once we achieve those sale ratios then we believe we will be in a good position to make a decision on the commencement dates.
“We are selling 77 apartments and out of that 21 have been spoken for, meeting the target of another 30 before the project becomes a reality is not too far away.”
Apartment sizes will range from 120 square metres onwards up to 450 square metres and price ranges start from $800,000 to $4.8million.
The project is expected to employ as many as 350 workers during the construction phase and 120-150 permanent jobs following that.
