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Old September 13th, 2006, 08:14 PM   #1
Mosi-oa-Tunya
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#Lady Grey Tower-Mixed Use-13F-Paarl

Name: Lady Grey Tower (formerly Boland Bank Headquarters)
Use: Office to Residential Redevelopment with Retail Component
Floors: 13 Floors
Status: Under Construction
Location: Paarl, Western Cape


Residential tower project on track
2006-07-13

THE redevelopment of Paarl’s tallest building, the 13-storey former Nedbank building into the residential Lady Grey Tower, is on fast track.

The building, formerly the head office of BoE Bank at the corner of Main and Lady Grey Street, had been standing virtually empty since BoE Bank was taken over by Nedcor.

From the second floor up, the building is being converted into 70 luxury residential units varying from student to three bedrooms - with probably the best view in Paarl.

The building is being redeveloped by a consortium known as One Vision Investments and construction work is done by Fulloutput Project Managers - designed by Pieter Van Oudtshoorn.

A number of units have nearly been completed, while work on the rest continues. The work included extensive core drilling to install sufficient services such as water and electricity to each unit.

Entrance to the residences will be served by a concierge desk with total privacy and security.

Reception will be linked to every unit by intercom and CCTV and all units will have parkade parking.

The air-conditioned interiors will be lavishly finished for an elegant lifestyle, with cherrywood panels, marble, granite, travertine and superior carpets.

The kitchen comes fully equipped with stainless steel appliances including stove, fridge, washing machine and drier as well as an extractor fan. The imposing bathrooms have travertine walls and floors.

Part of the first floor will offer a lifestyle centre with sauna and gym as well as entertainment facilities.

Other sections of the building on the ground floor, first and second floor, are being converted for office and retail purposes. A hair salon is already operating on the first floor.

All residential units have been sold, with the exception of six larger two-bedroom units of about 75 square metres each. They are available for under R900 000 including VAT and transfer costs.

The levy will be calculated at about R10 per square metre per month.
According to a spokesperson for the developers, Pieter van Oudtshoorn, the current parking allows for one car per unit, but an additional parking level is to be constructed in the courtyard of the building, increasing the parking ratio.

The first residents are expected to move in by 1 October. For enquiries, contact Fountain Properties on 976-2366.
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Old September 14th, 2006, 11:40 PM   #2
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got excited thinking it was something new...but a conversion..blah
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Old September 15th, 2006, 08:08 AM   #3
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bettre than an empty building
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Old September 15th, 2006, 09:18 AM   #4
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Quote:
Originally Posted by dysan1
got excited thinking it was something new...but a conversion..blah
Not sure, but I think Paarl might have a height restriction like Stellenbosch, because of its historic buildings and character. In Stellenbosch, after the men's residence Helshoogte (10F) was built in the 1970s, they introduced a blanket ban on anything taller than about 4 storeys. And they've stuck to it. But it is good though. Even the building in Paarl looks very out of place. Because, even though Paarl has 170,000 inhabitants, it does not look, feel or operate like a small city. It has got the longest stretched out main road in the country, and is very narrow, especially where it is squeezed in between the mountain and the river.
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Old January 19th, 2007, 07:24 PM   #5
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Another article from Paarl Post

Paarl gets residential tower
2005-04-28

THE tallest building in Paarl, the 13-storey Nedbank building, is to be redeveloped for residential purposes as the Lady Grey Tower.

The building, formerly the head office of BoE Bank at the corner of Main and Lady Grey Street, has been standing virtually empty since BoE Bank was taken over by Nedcor.

From the third floor up, the building will be converted into 40 luxury residential units varying from one to three bedrooms - with probably the best view in Paarl.

The building has been purchased by a consortium known as One Vision Investments and nine units have already been sold.

Entrance to the residences is served by a concierge desk with total privacy and security.

Reception will be linked to every unit by intercom and all units will have parkade parking.

The airconditioned interiors will be lavishly finished for an elegant lifestyle, with solid herrywood panels, marble and granite.

The kitchen comes fully equipped with stainless steel appliances. The units will be wired for home theatre. The imposing bathrooms will have travertine walls and floors.

The fourth floor will consist of a lifestyle centre with sauna, gym, pool and barbecue facilities wrapped around an espresso bar.

Also available will be a number of boardroom facilities on the ground floor with 24/7 internet (ASDL).

The ground and first floor will be let for office and retail purposes, while a restaurant is also planned on the ground floor.

The price of a one-bedroom unit of 63 square metres is R689 000 (18 units), while the price of a two-bedroom unit of 75 square metres is R839 000 (four units).

There will be three-bedroom units of 124 square metres at R1 298 000 each, and bigger units of 141 square metres at R1 488 000 each. All prices include VAT and transfer costs.

The amount of levy to be paid, has not yet been established.
For enquiries, contact Fountain Properties on 976-2366.
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Old January 19th, 2007, 10:25 PM   #6
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Conversion projects are always far more interesting, and far more creative (in their design, execution, etc.) than new-from-scratch projects, in my opinion. I look forward to seeing renderings, etc.
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Old August 7th, 2009, 10:25 PM   #7
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Old August 7th, 2009, 10:27 PM   #8
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Paarl – with its renowned illustrious past and unrivaled scenic beauty is situated in the heart of the Boland, a mere 60 kilometers from Cape Town. This historic village - known to be the third oldest European settlement in South Africa - boasts a variety of magnificent sights, and guarantees an unforgettable experience.

The town, with its 12 kilometre Main Road, arguably the longest in the country, is lined with old oak trees and well preserved historic buildings. Architectual styles in this historical village presents visitors with the most superb examples of Cape Dutch, Victorian, Edwardian and Art Deco structures.

In the heart of the town, you’ll find The Towers, possibly the tallest building in the region. The building, with its commercial office space on the first two levels, houses 8 levels of one and two bedroom apartments, and deluxe fully furnished penthouse suites on the top floor.

Molco Developments transformed these units into luxurious, up-market living spaces with the overall theme focusing on creating a home with warm, earthy colours and a combination of stainless steel and dark wooden cupboards in the kitchen and bedrooms and travertine tiles in the living areas.

These luxury apartments offer the benefits of a hotel, with daily servicing, but the privacy and flexibility of a self-catering unit. The apartments are spacious, comfortable and tastefully furnished by Coco Interiors with artwork by well known local artists Leon Muller and Petrus Viljoen.

Visit: www.thetower.co.za

Pricing from R 550 000.00 to buy / R 600 pp per night (R450 per night if full month)

Basement parking, travertine tiles, frameless shower doors, air conditioning, heated towel rails, fully equipped kitchens with stainless steel appliances, plasma screen TV's with 7 channels and DVD players as well as a music system, central
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