Crown Group unveils plans for £550m vertical waterfront city in Jakarta
August 27, 2019 – Australian developer Crown Group has unveiled plans for an A$1bn (£550m) luxury waterfront residential precinct on the Jakarta waterfront in Indonesia.
The waterfront development, the first of its kind in Indonesia, will comprise 2,000 luxury homes and its own marina, beach club and dining precinct at Ancol.
Crown Group signed an agreement with PT Pembangunan Jaya Ancol, an Indonesian government organisation, in 2018 to build the vertical city.
The company is expected to submit the plans to the Indonesian government for approval later in 2019 and work on the project is likely to commence in 2020.
Under the agreement, the joint venture will construct a series of towers on a 4.7-hectare site, with a luxury waterfront living concept designed by Sydney-based Japanese-Australian architect Koichi Takada.
The project will offer shared facilities, including a yacht club, waterfront promenade and beach club-style dining, for residents and the public.
The development will offer 9,000m² of retail boutiques, restaurants and bars as well as a commercial precinct.
A network of outdoor terraces, boulevards and jogging tracks will also be created as part of the project.
Crown Group chairman and group CEO Iwan Sunito said: “The vision is to create a landmark that will be the jewel of Indonesia and a marina that the world hasn’t seen before.
“We will be the first to bring waterfront living to Jakarta, inspired by the world’s best – Sydney’s famous Darling Harbour and Circular Quay – through the development of vertical mixed-use residences.”
Takada said that he drew inspiration from Indonesia’s natural environment and cultural heritage to design a contemporary development with a connection to Indonesian culture.
The first stage, consisting of 800 apartments, a gym, spa and infinity swimming pool, is expected to be completed in 2024. Another 1,500 apartments are expected to be constructed in the second stage.
Takada said: “Our design has parts that face the water, parts that face back to the city of Jakarta, then in between you have cascading terraced apartments and garden features, with public and residential amenities in between. This will give it a laneway feel, almost like going through a canyon, or the islands of the archipelago. It’s quite a dramatic and emotionally fluid experience to go through it.”