Imkan launches first mixed-use project for $545m Makers District
Abu Dhabi-based real estate developer Imkan has announced plans to build the first mixed-use project within its waterfront Makers District development on Abu Dhabi’s Reem Island
Abu Dhabi-based real estate developer Imkan has announced plans to build the first mixed-use project within its waterfront Makers District development on Abu Dhabi’s Reem Island.
Pixel will have a built up area of approximately 83,000m2, offering 480 residential units across seven mixed-use residential towers.
The project will include more than 3,500m2 of commercial, F&B, and retail space as well as a water feature and will be located near The Artery, a hybrid parking garage and one of the developer’s first projects unveiled at the 18 hectare community.
Imkan appointed Ramboll as the lead consultant for Phase 1 of Makers District, who will be working alongside Rotterdam-based MVRDV and Danish firm BIG (Bjarke Ingels Group) as part of the design team.
Ramboll was awarded the $33m (AED120m) contract in September for the first phase of the project, which includes more than 1,000 residential units and 11,000m2 of commercial and retail space.
Construction is anticipated to start in Q1 2018, and is scheduled for completion by the fourth quarter of 2020. The Makers District will have a construction value of $545m.
Walid El Hindi, CEO of Imkan, said: ”Pixel is a vibrant human scale destination, designed to offer its occupants a unique and soulful place to enrich their lives, collaborate in work and engage with their community.
“It is also a key milestone in IMKAN’s journey to establish Makers District as the new beating heart of Abu Dhabi and a place that reflects the best standards in building and design that will benefit end-users, and the wider community.”
Imkan is a subsidiary of Abu Dhabi Capital Group (ADCG).