June 19th, 2008, 06:33 PM
Consolidating upgrades, developments and proposals in the Green Point and Sea Point Area. Larger developments still get their own thread but smaller developments or upgrades have a home here.
With the ridiculous number of developments in Cape Town we should rather group developments rather than flood the projects section.
June 19th, 2008, 06:34 PM
The rejuvenation and revitalisation of Sea Point in Cape Town has been given further impetus with the development of The Equinox, the area's first AAA grade commercial development which is situated at 154 Main Road on the site of the former Medical Square.
Comprising over 6000sqm of gross lettable area, this prestigious, upmarket six storey building comprises mainly prime office accommodation with retail space on the ground floor. In addition, 250sqm of penthouse space for luxury office accommodation is planned for the top floor, while a total of 74 secure parking bays are situated on the ground, first and second floors.
Selwyn Sharon, leasing, sales and investment consultant for Pam Golding Commercial, says almost all the retail space was let prior to the marketing of the building, while the commercial office space has just become available to let at rentals starting from R120 per square metre with a generous tenant installation allowance of R1040 per sqm.
"Located on floors three to six, the office accommodation is flexible and available in configurations ranging from 200 sqm in size. Almost fully let, the ground floor retail space was snapped up by tenants which include an upmarket restaurant, coffee bar and real estate business. In fact the first tenants have already commenced with fitting out their premises and taking occupation.
"In addition to offering tenants spectacular views of Table Mountain and the city, The Equinox is perfectly positioned, being extremely convenient with easy access to main routes in and out of Cape Town. Traffic congestion is avoided as one approaches the building along Beach Road, then up Milton Road and straight into the secure parking area, while the N1 and N2 are also easily accessible. With less than two percent of vacant office space available in the city centre, this is an ideal option particularly for those who reside in the Sea Point area or Atlantic Seaboard. In addition, the V&A Waterfront is close by as is the new stadium in Green Point," says Sharon.
He adds that the prestigious accommodation would be well suited to Gauteng businesses wishing to open a Cape Town office, and ideal for a variety of uses, for example multi-nationals, professional firms, marketing consultants, advertising agencies, IT businesses and fashion designers.
The developers, Berman Brothers, have over the years demonstrated their confidence in the Sea Point area, being extremely active in the property development market. Among various projects they have been in involved in are The Regent, also in Main Road, where their offices are situated, and the Standard Bank Building on the corner of St John's Avenue and Main Road, where they refurbished the commercial component and created a vertical residential extension known as 'Ocean Breeze'.
"It is very rewarding to see Sea Point now coming alive with a vibrancy not seen for many years," says CEO Paul Berman, who is on the City Improvement District board which has helped revitalise Sea Point Main Road area with 24 hour security as well as private cleaning and facilities over and above those provided by the council. "We believe Sea Point is a vibrant, secure and very attractive environment in which to live and work, factors which have certainly had a positive effect in terms of boosting the local luxury residential property market. In this regard record residential property prices have been achieved in the adjacent Fresnaye and Bantry Bay areas.
"Set on an erf of approximately 1200sqm, The Equinox is one of the largest developments of its kind in Sea Point and when completed will be an impressive state-of-the-art, modern commercial building. Realising the potential of the site in an area in which we have always had huge confidence, in 2007 we purchased the vacant Medical Square building for R18 million - a top price for the area, and with further investment of around R55 million, we demolished the top four floors in order to redevelop the property into prime located commercial space with an ambience of openness and height. In order to capitalise on the magnificent scenic views the building is clad with floor to ceiling glass, specially treated to reduce sound and glare, while several floors have viewing balconies. On completion The Equinox will be a spectacular landmark and I believe a catalyst for further upmarket residential and commercial developments in the area," adds Berman.
Isak Burger and Herman Joubert of MLB Architects comment: "It was gratifying to work on this project where our client, Berman Brothers gave us encouragement and the leeway to transform what was until recently a massive eyesore into a people-friendly architectural landmark that will make a significant contribution to bringing back life and vibrancy into Sea Point's Main Road."
For further information contact Selwyn Sharon of Pam Golding Commercial on 021 4177878 or 082 825 3231 or email firstname.lastname@example.org.
June 19th, 2008, 06:36 PM
June 22nd, 2008, 02:43 AM
small,but good looking
June 22nd, 2008, 04:19 AM
Oriental project launched in CT
A new property development inspired by Eastern architecture and designed to incorporate the principles of Feng Shui has been launched in the Upper Sea Point area in Cape Town.
Construction on this luxury development – called The Balinrobe – is now in full swing, with the completion date set for May/June 2009.
Ten of the seventeen apartments have been snapped up by both local and foreign buyers.
The Beyond Group says Upper Sea Point has been identified as a key growth point in the Western Cape property market, with property values in the area appreciating significantly over a relatively short period.
The area is located between Camp's Bay, Bantry Bay and the V&A Waterfront and is a five minute drive from the CBD.
Units are priced between R1,35m and R4,5m and range from one-bedroom bachelor units to double story two-bedroom apartments and penthouses. Every apartment in the development has a splash pool.
June 29th, 2008, 03:55 PM
The Hyde on London road
These 5-star all suite apartments will be operated by Amazing Spaces as serviced luxury accommodations. Air conditioned apartments,24/7 concierge and chaperone services, coffee cafe, meeting rooms and business centre facilities, make it a winning formula guaranteed to appeal to the discerning film industy client. Each apartment is fully furnished, serviced, booked and marketed.
September 3rd, 2008, 09:52 PM
I can't keep up with all the cranes in Cape Town. Whats this?