Mega Real Estate Development Riyadh
The Avenues – Riyadh is located at the heart of Saudi Arabia in North of Riyadh City, in a prime position overlooking the intersection of King Salman Road and King Fahad Road and extends across a land area of 390,000 sqm. The Avenues – Riyadh will become the largest commercial mall in the Middle East with a GLA of 370,000 sqm and will include luxury and lifestyle hotels, branded residences, residential apartments and offices.
The Avenues – Riyadh exquisite architectural style will incorporate the Salmani Architecture to reflect its existence in the heart of Najd, in Riyadh. it will also feature modern designs inside the mall and sustainable and green elements to align with the Kingdom vision.
The Avenues – Riyadh: a massive new destination taking shape
Work is forging ahead on the SAR17.2 billion ($4.586 billion) The Avenues – Riyadh, which is expected to open in the first quarter of 2026.
Having broken ground during the first quarter of 2022, the project has reached 44.5 per cent completion, said a statement. Joining the kingdom’s numerous new mega projects, The Avenues – Riyadh is a collaboration between Shomoul Holding Company and regional architecture and engineering firm, Pace.
Located at the heart of Saudi Arabia in the northern region of Riyadh City, overlooking the intersection of King Salman Road and King Fahad Road, The Avenues – Riyadh extends across an area of 390,000 sq m with a total built up area of 1,870,000 sq m.
The mixed-purpose development will house a plethora of hospitality, lifestyle, and entertainment venues, including three hotel towers, namely a Waldorf Astoria, Canopy by Hilton, and Conrad Hotel, a luxury residential tower and an office tower with a parking lot accommodating more than 14,000 vehicles.
One of The Largest Malls
Furthermore, The Avenues – Riyadh is set to become one of the largest commercial malls in the Middle East, with a gross leasable area of around 370,000 sq m. It will also create more than 20,000 job opportunities for Saudi nationals.
Significant advancements have been made, including 9.29 per cent progress on external road improvements and an impressive 90.62 per cent completion of the district cooling plant. Critical components such as the chiller plant room, utility tunnel, ETS rooms and cooling towers are now considered fully completed.
The project has already employed 13,000 direct manpower, working around the clock in three shifts to maintain continuous progress. Additionally, the project has surpassed the pouring of one million cubic metres of concrete, marking a significant milestone towards the project’s completion.
“We are excited to contribute to Saudi Arabia’s dynamic urban environment with the creation of this landmark project,” Tarek Shuaib, Pace CEO, said. “An iconic destination in the heart of Riyadh, the exquisite architectural style of The Avenues will incorporate the Salmani Architecture to reflect its strong signature in the Najd region. Promising to be a game-changer in the city’s architectural landscape, the project combines cutting-edge modern design with sustainable features and green elements to align with the Kingdom’s Vision 2030.”
Nine districts of Real Estate Development Riyadh
The Avenues consists of nine districts: Grand Avenue, Prestige (Star Atrium), The Souk, The Mall, Electra, The Oasis, The Walk, The Forum and Grand Plaza.
Grand Avenue: Serving as the backbone of the complex with easy connectivity to the other districts of the mall, Grand Avenue builds on the successful model already in operation at The Avenues – Kuwait. A 670 m long, 24 m wide urban street lined with double storey retail facades representing a mix of various architectural styles and periods, it recreates the ambience of a grand shopping boulevard which has naturally evolved over time. Covered by a translucent roof structure, the urban street offers the look and feel of an outdoor setting while providing the comforts of an air-conditioned environment throughout the year.
Prestige: Among the main districts at The Avenues – Riyadh comes Prestige, which is identified by architectural gateways as the premier showcase for luxury brands in Riyadh, spanning two levels of 66 luxury retail units. The lavish units will be both single and two-story units made accessible from both floors. Light marble walls, gold architectural details and a dramatic lighted crystal dome create a unique and inspiring environment to shop and dine. In addition, a dedicated VIP drop off and luxury entry atrium provides the primary arrival experience, with additional access from the Grand Avenue and The Mall district.
The Souk: Besides luxury, the spirit of traditional local marketplaces will be present, manifested in The Souk. Inviting exploration, The Souk recreates the narrow paths and hidden courtyards elements of the indigenous architectural character, with surprises hidden around every corner.
The Mall: Providing three levels of fashion, food and entertainment, The Mall connects directly to one of The Avenues’ hotels. It also leads a visitor’s path to a vibrant collection of international food and beverage destinations, with indoor and outdoor dining venues facing the extensively landscaped garden area. From the lower ground, all the way up to the expansive skylight, The Mall design uses light and nature-inspired details to draw customers vertically through the space. Linking Grand Avenue, Prestige, Grand Plaza and The Oasis outdoor dining zone, The Mall is a melting point for the mega project.
The Grand Plaza: Adding more to the richness of The Avenues – Riyadh is The Grand Plaza district, which is inspired by the great town squares of the globe. Linking the lower ground up through the rooftop garden, The Plaza space provides a backdrop to the dramatic four-level tower that houses boutique food and beverage destinations capped by an open-air rooftop Café.
The Oasis: The outdoor dining district The Oasis is envisioned to echo earthly tones and finishes, with soft curves, smooth edges, and warm layers. Electra, on the other hand, is a modern district designed to provide the effect of pixelation; a fresh, interactive, reflective, eccentric and playful space.
“Pace has harnessed its extensive expertise in architectural innovation to create a landmark that reflects Riyadh’s dynamic and forward-thinking spirit. We truly look forward to continue being among those helping to design, build and shape the development of Saudi Arabia,”
The Avenues – Riyadh reflects the Salmani Architecture, which is characterized by an architectural style that embodies originality and modernity inspired from the past with renewed developmental molds to reflect its presence in the heart of Najd in Riyadh. This Mega real estate development in Riyadh will also feature modern designs within the mall with sustainable and green elements that emulate the vision of the Kingdom.
The Avenues – Riyadh is scheduled to open by Q1 2026.
- Source TradeArabia News Service
- Article Source Zawya
- Insight: Real Estate Development Riyadh
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