Egypt: Cornerstone Development to launch The Terraces mall at New Capital

Egypt: Cornerstone Development to launch The Terraces mall at New Capital

Egypt - Cornerstone Development is preparing to launch its second project in New Administrative Capital (NAC), The Terraces, a new commercial and administrative mall. The company contracted a specialized architectural consulting office in New York, USA, to design the project. It also assigned Yasser Al Beltagy Architects (YBA) to provide engineering consultations. The mall has four floors with spacious terraces for offices overlooking green areas. It offers administrative offices, clinics, and commercial stores. The spaces are diverse to suit different customer needs. Ashraf Boulos, Chairperson and Managing Director of Cornerstone Development, praised the company’s cooperation with ACE Moharram.Bakhoum for supervising and following up on the project details. As for the company’s first project in NAC, The Curve, Boulos said: “We have completed more than 70% of the project constructions, and we will start delivering the units in the first and second quarters of 2025, as per the contracts. We will also finish the entire project construction by 2024.” The Curve is one of the first projects in NAC’s R8. It is located in a prime location next to the Green River, and close to Mohamed bin Zayed axis, airport, the Republican Palace, and ministries. It consists of four blocks with