#zero2one - 46F (142m) - Mixed Use - CBD | Proposed

[Dynamoe]

Originally Posted by Mark Schonrock

Well said! I wonder what ever happened to those 4 - 5 tenders the COCT released last year for the 4 - 5 sites in Woodstock / Salt River earmarked for affordable housing?

Have they fallen dead or are the wheels just turning very slowly?!?

These projects are not dead, they are turning very slowly. There are informal houses located on all the sites and the City in partner with an NGO is currently dealing with that by providing alternative accomodation for them. These alternative accom is well in advance stages of implementation.

The rental housing companies are currently designing their sites but these are not finalised.

[JulianL]

That first new render from the station forecourt really makes me think how nice it would be to get a matching tower on the Woolworths plot. The last render from above though makes me wonder how many buyers on the south side will be asking long hard questions about the status of the Woolworth's site opposite. Were another tower or similar size to ever go up there a whole host of spectacular table mountain views would disappear. Then again, those Zero2One units would get some extra shade and save on aircon bills I suppose!

- Julian

[Umshini Wami]

Originally Posted by JulianL

That first new render from the station forecourt really makes me think how nice it would be to get a matching tower on the Woolworths plot. The last render from above though makes me wonder how many buyers on the south side will be asking long hard questions about the status of the Woolworth's site opposite. Were another tower or similar size to ever go up there a whole host of spectacular table mountain views would disappear. Then again, those Zero2One units would get some extra shade and save on aircon bills I suppose!

- Julian

Actually I really like the new renders over the two previous versions. Will be a nice addition to the skyline.

[JulianL]

Originally Posted by Umshini Wami

Actually I really like the new renders over the two previous versions. Will be a nice addition to the skyline.

I don't disagree. I'm all for this development, just saying that two towers would be even better than one.

I wonder whether any clues about the future of the Woolworths site can be gleaned from anything the developers say when confronted by prospective buyers with questions about the prospects for Zero2One Table Mountain views mostly disappearing in the future. In the absence of the developers having secured the air rights over the Woolworths site, which I assume is immensely unlikely, I suppose the answer to such a question could only be that there are no known plans for development on that site at this time but that any Zero2One buyers just have to accept the risk and live with whatever happens in the future.

- Julian

[Milegy]

FWJK have spoken to Woolworths and it seems they aren't willing to do anything there at this point.

Also, they looking to break ground here in September (which seems unlikely) but sales to investors are good and most has been sold off. There will also be good retail at ground/concourse level and will link to the old City of CT concourse (Old Mutual Centre one) across from the Strand Street concourse which was recently redeveloped. So we should get a full upgrade of that concourse area as well.

Pedestrians should be helped as well with improved pedestrian access to the building from the Station/Strand Street side.

[JulianL]

It's going to be amazing (I hope). I'm really looking forward to the ground-level and underground retail and pedestrian improvements. Construction wise is there any possibility of some or all of the retail space going live before the building is complete or will health and safety considerations require too big an exclusion zone around the site to make that a possibility?

Crazy thought - I wonder whether Woolworths might be waiting for Zero2One retail space to be available and, when it is, temporarily relocate the store to leased space there, develop its own site opposite, and when that is ready move the store back to Woolworth-owned space.

- Julian

[Umshini Wami]

Originally Posted by Milegy

FWJK have spoken to Woolworths and it seems they aren't willing to do anything there at this point.

Also, they looking to break ground here in September (which seems unlikely) but sales to investors are good and most has been sold off. There will also be good retail at ground/concourse level and will link to the old City of CT concourse (Old Mutual Centre one) across from the Strand Street concourse which was recently redeveloped. So we should get a full upgrade of that concourse area as well.

Pedestrians should be helped as well with improved pedestrian access to the building from the Station/Strand Street side.

I doubt so too about construction starting in September. As I mentioned earlier the official launch to the public will take place in two or three months time. At that time the affordable units starting at R800K to R1.1M will go on sale. These units I predict will sell like hotcakes to middle class buyers. Judging by what happened to 16 on Bree where units were 100% sold out in two weeks in March 2017 I think zero2one has the added benefit of the prelaunch investors having already bought into this tower development. After what happens with the official launch in Sept/Oct FWJK will likely choose a contractor to build the tower which I hope will be Concor Western Cape as they are doing a remarkable job on the 16 on Bree jobsite.

[Milegy]

Originally Posted by JulianL

It's going to be amazing (I hope). I'm really looking forward to the ground-level and underground retail and pedestrian improvements. Construction wise is there any possibility of some or all of the retail space going live before the building is complete or will health and safety considerations require too big an exclusion zone around the site to make that a possibility?

Crazy thought - I wonder whether Woolworths might be waiting for Zero2One retail space to be available and, when it is, temporarily relocate the store to leased space there, develop its own site opposite, and when that is ready move the store back to Woolworth-owned space.

- Julian

Yes the retail space is scheduled to come online long before completion. Provisionally Dec 2019 with the anchors already lined up (not Woolworths).

[JulianL]

Originally Posted by Milegy

Yes the retail space is scheduled to come online long before completion. Provisionally Dec 2019 with the anchors already lined up (not Woolworths).

Wow. That's exciting news. Thanks. I love the amount of inside info you folks have.

- Julian

[Milegy]

"Green light for Cape Town skyscraper

The City of Cape Town has given the Zero2One Tower project the go-ahead after ruling in the developer's favour.

FWJK Developments chief executive Dave Williams-Jones confirmed the decision, saying the land transfer process for the 44-storey building on the corner of Strand and Adderley streets had commenced."

http://www.iolproperty.co.za/roller/...for_cape_town1

[JulianL]

Originally Posted by Milegy

"Green light for Cape Town skyscraper

The City of Cape Town has given the Zero2One Tower project the go-ahead after ruling in the developer's favour.

FWJK Developments chief executive Dave Williams-Jones confirmed the decision, saying the land transfer process for the 44-storey building on the corner of Strand and Adderley streets had commenced."

http://www.iolproperty.co.za/roller/...for_cape_town1

Great news but a very odd little article. The headline for the 14 paragraph article is "Green light for Cape Town skyscraper" yet only the first 4 paragraphs are about Zero2One and the remaining 10 are about the foreshore project issues. Oh well, good news is good news however it is presented.

Since that article seemed intent in putting the affordability issue into context to the extent of almost drowning out the subject matter there is also another bit of potential affordability news today re the possibility of military land at Erf 81 being developed for affordable housing (https://www.iol.co.za/capeargus/news...dents-16188466). Maybe the city is considering all this as part of a bigger picture.

- Julian

[Umshini Wami]

FWJK Developments just released a new video of zero2one on August 16th. See below:

Zero2One Marketing Video

[JulianL]

There's been a bit of disappointment expressed here about some of the later revisions/simplifications to the design but I must say that after watching this video I'm quite impressed. From the renders at least it seems to be quite effectively using different colour blocks to create a bit of visual interest and break up any monotony a bit. I'm looking forward to seeing the build get underway.

- Julian

[Foxyman]

The design changes are more than likely as a result of consulation with various bodies including the City, Heritage Western Cape, CIBRA, etc. While its less radical I think it will age far better.

This should be getting going soon and should also see a major upgrade and increased utilisation of the underground mall

Originally Posted by JulianL

There's been a bit of disappointment expressed here about some of the later revisions/simplifications to the design but I must say that after watching this video I'm quite impressed. From the renders at least it seems to be quite effectively using different colour blocks to create a bit of visual interest and break up any monotony a bit. I'm looking forward to seeing the build get underway.

- Julian

[Foxyman]

in the background!

16 Bree, The Vouge, Zero 2 One Render by stubles, on Flickr

[Umshini Wami]

I just got an email from sales at FWJK and they said that they are in the process of getting financing for the development and that construction and sales could start in November at the earliest. So keep an eye on this tower.

[Umshini Wami]

ZERO-2-ONE TOWER

Situated on the most prominent corner (Adderley and Strand) of Cape Town’s CBD and directly adjacent to the Cape Town train station, Zero2One Tower has full planning approval for 43800m² . Land Equity acquired the site in 2016 from Old Mutual Properties and applied for planning consent for a 44x story mixed-use tower consisting of retail, parking and apartments. Land Equity has vendored its development rights into a JV co-development scheme and will retain certain sections in the completed building. Demolition and construction commence in October 2018 with completion in 33 months.

PROJECT DETAILS
Project Name: Zero-2-One Tower
Date: July 2021

https://landequity.co.za/project/zero-2-one-tower/

[Marsupalami]

watered down, but still classy...and TALL!

[Foxyman]

Originally Posted by Marsupalami

watered down, but still classy...and TALL!

I think the design changes have been driven through the public participation process, whilst it isnt quite as excting as before I think it will age better

zero2one design development by stubles, on Flickr

[JulianL]

A bit of a "Professor Obvious" article about the running down of the Old Mutual Centre before construction closes it down but there is some very interesting stuff later on about the retail space...

Old Ghost Town
The once vibrant Old Mutual Centre in the city centre has now become a ghost town.
…
The Old Mutual Centre will form part of the Zero2One tower, which, once complete, will be the tallest building in the city centre.
…
During the formalities, tenants at the Old Mutual Centre had moved out, leaving a few retailers behind, who say the building was suffering as a result of the hold-up.
…
Dave Williams-Jones, the CEO of FWJK, the developers of the Zero2One tower, said while they are aware of the situation at the Old Mutual Centre, they do not yet own it and it still belongs to the Land Equity Group, and said the CapeTowner should contact them regarding their arrangements for the centre as they await the official go-ahead to proceed with the project.

“Once we take transfer we will immediately secure the site and commence with the demolition of the existing structure.”

He said the plans include the gutting and rebuilding of the concourse level shops, which will reopen for trading by July 2020. “Pick * Pay and Dischem will be the anchor tenants of the new retail centre.”

He said the entire retail area on the concourse level will have to be shut down during construction due to health and safety reasons.

Asked about the appeals process, Mr Williams-Jones said the appeal was successful and the City of Cape Town has approved their departure plans. “We are just waiting for the project funding approval from Absa. We plan to start demolition this year.”
...

So, Pick n Pay as the anchor tenant. Living only a few blocks away that's great news for me and for the area. It'll be so good to have a "proper" PnP in what will presumably be a space designed for purpose rather than that Picabel Arcade abomination with all the twists and turns, dead ends and pillars in odd places, and checkout till wedged awkwardly wherever they can fit.

It might create an interesting dynamic with Woolworths since the two will I assume be pretty much facing off against each other across the lower level concourse area. For some reason I always find Strand Street tedious to cross at street level and tend to cut through Woolworths and the underground concourse level to get across so my route to and from the new PnP to shop is likely to be straight through Woolworths (except on Sundays of course … grrrr).

Since the lower concourse is only covering the footprint of Zero2One then, if this PnP is a decent size and hopefully some expansion on the existing Picabel Arcade one, it plus Dis-chem is what - 75% or the space taken already by the two anchors or is that too optimistic?

- Julian

[Article source: https://www.capetowner.co.za/news/ol...-town-17516757 ]