Sleek ur­ban liv­ing with a ‘vil­lage’ at­mos­phere

Green Point is one of Cape Town’s most cos­mopoli­tan neigh­bour­hoods and com­bines big-city con­ve­nience with a laid­back, easy-go­ing vibe. Michelle Funke looks at a new de­vel­op­ment

Business Day - Home Front - - HOME FRONT -

THE sub­urb of Green Point/De Waterkant in Cape Town has de­vel­oped into a sought-af­ter cos­mopoli­tan area to live, work and play. It is the area’s con­ve­nient lo­ca­tion and at­mos­phere that is con­tribut­ing to­wards mak­ing it an op­tion for buy­ers who want up­mar­ket ameni­ties but who also want to be a stone’s throw from the beach and parks.

Ac­cord­ing to Pam Gold­ing Prop­er­ties, the ap­petite for well­priced de­vel­op­ments is re­turn­ing af­ter a lengthy lull in the de­vel­op­ment sec­tor, with a num­ber of new projects sell­ing well. New de­vel­op­ments in Green Point in­clude the trendy new apart­ment build­ings of The Odyssey and The Legacy sit­u­ated on Main Road, near the Cape Town Sta­dium. Th­ese de­vel­op­ments saw rapid sales dur­ing 2012 and at­tracted young pro­fes­sion­als in par­tic­u­lar.

“Peo­ple stay­ing in Green Point can get home from work in the city within min­utes, go for a jog around the Ur­ban Park, en­joy a cock­tail at any num­ber of lo­cal restau­rants and bars or stop in at the Cape Quar­ter to pick up din­ner,” says Basil Mo­raitis of Pam Gold­ing Prop­er­ties.

In terms of com­mer­cial space, Ly­don McGrane, mar­ket­ing man­ager of Galetti, re­ports that va­cancy lev­els have re­mained low in Green Point with ex­ist­ing ten­ants mostly choos­ing to re­main in the area and a steady stream of com­pa­nies look­ing to move there.

“There is much to love about Green Point. It is well sit­u­ated, with the CBD, V&A Water­front and At­lantic Seaboard all be­ing within a five-minute drive. The sub­urb it­self plays host to many of the city’s most pop­u­lar restau­rants and other re­tail of­fer­ings, it’s eas­ily ac­ces­si­ble via pub­lic trans­port and it’s well-pedes­tri­anised. Com­bine that with its safety and gen­eral clean­li­ness, and there’s lit­tle rea­son not to have an of­fice in Green Point,” McGrane says.

Prices have in­creased sig­nif­i­cantly within the past decade. A big con­tribut­ing fac­tor was the es­tab­lish­ment of the Green Point City Im­prove­ment Dis­trict in July 2001, pro­vid­ing sup­ple­men­tary ser­vices such as street sweep­ing and vis­i­ble polic­ing. Va­cancy rates re­main low de­spite it be­ing the tar­get of de­vel­op­ment, es­pe­cially in De Waterkant, a niche area.

The open­ing of the Cape Town Sta­dium precinct and par­tic­u­larly the Ur­ban Park have played a role in the de­vel­op­ment of the area and in­ter­est in Green Point.

One of the lat­est de­vel­op­ment of­fer­ings is The Rich­mond, Sig­natura’s eighth de­vel­op­ment in a year. The Rich­mond will of­fer res- idents the op­tion of en­joy­ing Green Point’s unique buzz while be­ing able to re­treat to quiet gar­den apart­ments fit­ted with dou­ble win­dow glaz­ing to en­sure tran­quil­lity and re­lax­ation.

“The Rich­mond per­fectly com­bines ur­ban liv­ing with the lux­u­ries as­so­ci­ated with a Sig­natura de­vel­op­ment,” says Sig­natura founder and de­vel­op­ment vi­sion­ary, John Ra­bie.

“Peo­ple don’t want to live far from ex­cit­ing shops, top restau­rants and other work and leisure op­tions — mixed-use precincts are live­lier and more de­sir­able to many buy­ers, es­pe­cially those who want to cut down on long com­mutes. Green Point has al­most a ‘vil­lage feel’ found in the bor­oughs of Lon­don and New York City.”

De­signed by renowned ar­chi­tect Juan Ber­nic­chi, The Rich­mond will be a sleek mod­ern apart­ment block char­ac­terised by an im­pres­sive glass façade ac­cen­tu­ated by ex­te­rior “fins” to break up the light and pro­vide eco-tem­per­a­ture con­trol.

All units will be equipped with in­di­vid­ual so­lar-pow­ered gey­sers to cut wa­ter-heat­ing costs by up to 40% and re­duce pres­sure on the na­tional elec­tric­ity grid.

The 14 apart­ments will have sig­nif­i­cant se­cure un­der­ground park­ing with di­rect lift ac­cess. Two apart­ments will open up onto in­dige­nous, low-main­te­nance gar­dens while the spa­cious du­plex pent­houses af­ford great views.

Res­i­dents have an easy stroll to the Ur­ban Park, a Vir­gin Ac­tive, a beau­ti­ful golf course and the Sea Point Prom­e­nade. Price: From R1.495m Con­tact: Sig­natura An­ton McEl­hone 083 506 7829 En­ver Dee­dat 082 263 3337

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