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Best Property Developments Under Construction in Lagos

Construction in Lagos is changing the lives of residents as well as the skyline of Lagos. Completely transforming the landmass and shape of the city are man-made islands like the Orange Island and Eko Atlantic constructed by property developers in Lagos. The best property developments under construction in Lagos are being handled by the best building developers in Nigeria such as the primrose development company.

Construction is not slowing down anytime soon. With the number of buildings, developments and infrastructural projects currently underway, the Lagos streetscapes and skyline will drastically transform into something new.

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The property developers in Lagos are experts at identifying hotspots for buyers using such variables as contemporary and industrial demands in the area. What they do is to acquire land in such an area and transform them into residential area patterns also referred to as ‘Estates’.

A good number of the property development undergoing construction in the city are spearheaded by the top real estate companies in Lagos. The Ooni of Ife, Oba Ogunwusi, Folorunsho Alakija, Jim Ovia amongst others are some of the top estate developers in Nigeria. Weyinmi Edodo, the CEO of International Property Development Consortium (IPDC) ranks high among the top estate developers in Nigeria.

Residential skyscrapers and villas make up some of the projects currently in development in the city.

Here is the list of some of buildings and developments under construction that are vastly changing the Lagos city skyline in Lagos.

Eko Atlantic City

Eko Atlantic is an entire new coastal city being built on Victoria Island adjacent to Lagos, Nigeria, to solve the chronic shortage of real estate in the world’s fastest-growing megacity. It is a focal point for investors capitalising on rich development growth based on massive demand – and a gateway to emerging markets of the continent. Upon completion, the new peninsula, which is still under development is anticipating at least 250,000 residents and a daily flow of 150,000 commuters. Eko Atlantic is master-planned to contain ten districts which are: Harbour Lights, Business District, Marina, Downtown, Eko Island, Avenues, Four Bridges, Eko Drive, East Side Marina and Ocean Front.

Eko Tower II

The Eko Towers II located at the Adetokunbo Ademola street Roundabout in Lagos is a 27-floor mixed use development. It consists of a mixture of real estate components including a Guesthouse, medical and social centre, restaurants and bars and more. Acting as a reflection of the identity of all the buildings in the area, the Eko Towers II was designed to serve as a summary of all of the property types within the Eko Hotel Strip.

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Orange Island

Estimated completion date: 2018/2019

Orange Island is an ambitious real estate which has been classified under the new neighbourhoods. The development is estimated to cover 150 hectares of land in Lekki, Lagos State. Orange Island, which is like the Eko Atlantic City project, is a newly berth planned city on the Lagos lagoon, estimated to cost N40 billion and to accommodate 25,000 people.

CHECK: LANDS FOR SALE IN LEKKI

The Lorenzo

Estimated completion date: 2018

The Lorenzo as unveiled by Sujimoto Construction Limited is a 25-storey building which stands as the tallest residential building model in Lagos. The Lorenzo has revived the Florence magnificence as a symbol of structural mastery, bringing ancient grandeur into 21st-century architecture.

Chelsea Hotel

Estimated completion date: Not stated

Chelsea hotel site is located at the intersection of Kingsway, Gerrard and Osborne Road, and considered to be prime real estate in Ikoyi by prospective real estate developers. Multiple access points, high visibility, coupled with the exclusive Ikoyi location help boost its suitability. Although humble, construction has already commenced on the site of the five-star hotel, developed by the Chelsea Group. The estimated cost of the hotel is $25 million. The distinctive style of the building will enable completion of the building to be considerably faster than other developments, which typically use concrete.

CHECK: PROPERTIES FOR SALE IN IKOYI

Marriott Lagos Waterfront Hotel

Estimated completion date: late 2017/early 2018

The Marriott Lagos Waterfront, located on Ozumba Mbadiwe road is set to be the latest addition to so-called hotel row. It sits in good company as it joins a neighbourhood of three already existing hotels; Radisson Blu, Anchorage and the Oriental Hotel. Slated to be the first Marriott in Nigeria, this Quantum Luxury Properties development will sit on 5,300sqm, and consist of 10 floors and 200 rooms. Jim Ovia

CHECK: PROPERTIES FOR SALE IN VICTORIA ISLAND

Atlantic Resort

The Atlantic Resort is a multi-purpose development managed by Grenadines Homes. The project is located on Water Corporation Drive, off Ligali Ayorinde Street, Victoria Island. It is designed to house two residential towers and one multi-purpose tower, to be used for commercial and hospitality purposes. The residential tower will consist of 142 one- to three-bed apartments, while the multi-purpose tower will comprise of a 50-room hotel and over 15,000 sqm of lettable office space.

CHECK: OFFICE SPACE FOR RENT IN VICTORIA ISLAND

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Kingsway Tower, Ikoyi

Kingsway Tower adds to the list of high-rise commercial developments set to transform the vertically growing skyline of Lagos. The building, which is located on the corner of Glover Road and Alfred Rewane Road in Ikoyi is a 16-floor mixed use building offering offices, ground floor retail, restaurants and basement parking. Originally slated to be completed at the end of 2015, it is expected to be ready for use by early 2017.

VIEW: PROPERTIES FOR SALE IN IKOYI

No. 4 Bourdillon

No. 4 Bourdillon is a luxurious 25-storey residential building located on Bourdillon Road, Ikoyi, and once completed, will be the tallest building in Ikoyi. The Kaizen developed property features an endless list of world-class amenities such as an international size tennis court; an adult swimming pool, children’s swimming pool; a clubhouse; leisure room; outdoor children’s area; gym; panoramic lifts; service and goods lifts; gardens; and external visitors parking.

CHECK: APARTMENTS FOR RENT IN IKOYI

Ibeju Lekki Estates

Ibeju Lekki is an area that portends an enormous opportunity for capital appreciation on the long term. Enquiries about, and purchase of, land in the Ibeju Lekki axis was at least fifty percent greater than any other area in Lagos. The huge investments in the area by industrialists and the government, such as the Lekki Free Trade Zone, the proposed second airport and the Dangote Refinery is an added advantage to property developers in Lekki area of Lagos. The top property developments under construction in Ibeju Lekki are: Citadel of Dreams which is about ten minutes’ drive after La Campagne Tropicana in Ibeju Lekki; Amazing Grace, about three minutes away from Ibeju Lekki, LGA and off the coastal road; Almonds and Vines Gardens located adjacent to the proposed airport in Lekki and very close to the Lekki Free Trade Zone; Masters Villa, a garden scheme located in Awoyaya, Ibeju Lekki; Citadel Homes and Parks, located near the Free Trade Zone and a few metres from the Akodo general hospital.

ALSO READ: Buying a Land in Ajah

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