New Cape Town property developments to watch out for in 2017/2018

New property developments in Cape Town’s main commercial nodes continue the focus on lifestyle and mixed-use properties. Century City and the V&A Waterfront remain The Mother City’s two highest growing mixed-use nodes, positioning themselves with superior lifestyle amenities, convenience and security. In-line with the City of Cape Town’s socio-economic development plan on densification, developers are focusing on mixed-use property solutions evident in a number of new sectional title apartment, office and retail offerings across the city.

1. Cape Town CBD

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  •  KPMG Place in the Foreshore is planned to be completed during 2018 and will consist of residential, commercial offices and retail space – ideal for a motor dealership. The property will enjoy great visibility from the elevated freeway and will be a significant new addition to the Cape Town skyline.
  • The 500 roomed Tsogo Sun hotel on Strand Street is set to be completed during 2017, and will be the first of a string of new hospitality properties in and around the Cape Town CBD. Furthermore, the new partnership between Marriot and Amdec Group will see 5 new hotels in South Africa, with three earmarked for Cape Town adding a further 500 rooms to the city’s accommodation offering. The Harbour Arch development is set to model that of Melrose Arch in Johannesburg.
  • Pier Place (Vodacom) has been acquired by Aria Property Group from Redefine Properties, and is also earmarked for a potential upgrade.
  • The Harrington is set for completion during 2017 and is another prime example of a focus on mixed-use property developments in Cape Town. The property covers most of the city block with its main commercial entrance off Harington Street and retail space fronting onto Buitenkant, Barrack and Harrington Streets. The prevailing trend in utilizing retro-red brick ‘industrial’ interiors is again evident in this development, with Blend Property Group following trends of similar new property developments.
  • Emira has already started with renovations of 80 Strand Street, set to be completed during 2017.

 

2. The V&A Waterfront

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  • With the Silo District nearing its final stages of completion, the new face of the V&A Waterfront is almost finished with lifestyle amenities and convenience comparable to that of other international offerings in London and Dubai.
  • Waterway House at the entrance of the V&A Waterfront along Dock Road has one final stage of development on the property’s North-facing side expected for completion during 2017. The final phase will accommodate financial services firm Ernst & Young who will relocate from their existing property in Loop Street.

 

3. Woodstock

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  • 13 Brickfield Road is situated in the heart of the Salt River Precinct, close to the Hilton Double Tree Hotel. The development is nearing completion, and is a perfect setting for creatives.
  • The Iron Works is a mixed-use development in Upper Woodstock, comprising one level of ground floor retail, 3 levels of parking, and 5 levels of residential apartments. Completion is set for early 2018.
  • WEX1 is a 10-storey, mixed-use building to be developed opposite the Woodstock Exchange in Albert Road, with restaurants, shops and offices on the double-volume ground-floor, two floors of parking and six floors of apartments. Transfer is set for 2019.

 

4. The Southern Suburbs

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  • The main commercial node of Cape Town’s Southern Suburbs has seen various new developments completed in recent years with a significant focus on residential and mixed-use property, which include the likes of Montclare Place, The Claremont, The Citadel and Grove Exchange.
  • The State of Claremont Report published in 2016 suggests that an estimated six new developments are scheduled for completion in Claremont in coming years.
  • New developments planned for Claremont include Werdmuller Centre, Draper on Main and Old Marshall House. Projects in the planning phase include redevelopment of the existing Food Lover’s Market and Market Toyota sites.

 

5. Century City & The Northern Suburbs

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  • The recently completed Bridgeways Precinct in Century City has seen an excellent take-up in 2016, with new tenants including Absa Barclays and Thompson Reuters. Expect phase two of this sought-after new development precinct on the corner of Sable Road to be rolled out during 2017/2018, starting with The Axis.
  • Situated just off Durban Road, Danena Office Park is positioned in a central location with easy access via Old Oak Road, the N1 Highway as well as public transport.
  • Plattekloof Office Park already enjoys a well-established corporate presence, with naming rights available to new single tenants who would like to benefit from the park’s excellent exposure onto Plattekloof Road.
  • With a focus on lifestyle, Quarry Hill is set in the popular Tyger Waterfront precinct. What used to be an abandoned quarry is now a prime commercial node – with the success of the development attributed to its secure, mixed-use lifestyle environment.

Read more about new developments in Cape Town’s Northern Suburbs by Clicking Here

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