Cornerstone Development is gearing up to launch its second project in the New Administrative Capital (NAC), The Terraces, the newest commercial administrative mall with a concept different from all those in the market, focusing on a unique design and innovative amenities.
Cornerstone Development was keen to contract with a specialized architectural consulting office in New York, USA, to develop the concept and ideation behind the project. The company is interested in introducing modern architectural designs to the Egyptian market while taking into account the evolution of technology that ensures achieving sustainability, preserving environment, and providing a healthy community for the project’s tenants to bring comfort and happiness.
Accordingly, the company has assigned Yasser Al Beltagy Architects (YBA) to provide engineering designs for the project.
The latest project of Cornerstone, The Terraces, includes administrative offices, clinics, and retail stores. The diversity of spaces was taken into account to meet different needs of customers, with office and clinic spaces starting with 50 sqm.
The 4 story mall features spacious terraces for offices overlooking green areas while allowing direct sunlight and constant air circulation into the building. Moreover, each floor includes more than 250 sqm of services ranging from a studio space, to co-working spaces, virtual meeting pods, communal meeting rooms, a fitness lounge, narrative art pieces, followed by a social roof consisting of a breakout area, and chitchat corners throughout the building.
CEO of Cornerstone Development Eng. Ashraf Boulos stated that a big part of Cornerstone’s vision is to create boutique luxury destinations that give added value to the clients and residents, by meeting all the necessary wants and needs, and fulfilling them through modern authentic designs, alongside the innovative and experiential amenities. Cornerstone pays very close attention to the smallest details and the needs of its existing and potential clients, and is keen to deliver what is promised.
Boulos noted that the company uses sustainable materials in its projects and in its building foundations that guarantee the extension of the life of buildings and their ability to be well over 100 years old. In addition, Cornerstone provides the highest level of after-sales services to preserve the elegance of the projects.
He explained that the company uses leading consultants in Egypt and around the world to implement innovative, international designs while preserving the Egyptian identity and spirit, highlighting the company’s cooperation with ACE Moharram Bakhoum in supervising construction and follow-ups on the smallest details to come up with an innovative product.
Regarding the company’s first project at the New Capital, The Curve, Eng. Ashraf Boulos said, “More than 70% of the total project constructions have been completed, and according to contracts, delivery is scheduled to begin during the first and second quarters of 2025. Additionally, the company will complete the entire projects’ construction within 2024″.
The Curve is one of the first projects launched in the NAC’s R8. It is located in one of the most important distinguished locations directly next to the Green River, and near Mohamed bin Zayed axis, the airport, the Republican Palace, and many ministries. It consists of four blocks comprising 15 buildings, with 100,000 sqm built-up area. The Curve’s units vary between residential apartments, duplexes, and lofts with large open spaces, with a total of 540 residential units, and the company was able to sell out all units of the project.
The designs of The Curve are directly inspired from New York City, with its dynamic buildings and double-height ceilings, and through giant glass facades that add a lot of sophistication and luxury to the various units, far from the usual cement blocks. The project also features a view of the largest park stretching over 40 acres of open green spaces.
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