New Wood­stock devel­op­ment set to wow

Wex One to at­tract in­vestors to res­i­den­tial, busi­ness hub

Weekend Argus (Saturday Edition) - - PROPERTY -

THE MULTI-faceted cre­ative hub of Wood­stock is set to be­come even more de­sir­able with the an­nounce­ment of a joint res­i­den­tial and re­tail project by Cape Town prop­erty de­vel­op­ers Sig­natura, and Indigo Prop­er­ties, the own­ers of the Old Bis­cuit Mill and Wood­stock Ex­change.

The WEX One project de­signed by Vivid Ar­chi­tects will com­prise 217 flats on six floors, two full floors and two half lev­els of park­ing, and over 1 500m of re­tail space on the ground floor.

Sit­u­ated di­rectly op­po­site and closely linked to the cre­ative busi­ness com­mu­nity of the Wood­stock Ex­change, the site is bounded by Al­bert Road and Dav­i­son, Grey and Alexan­der Streets. There is im­me­di­ate trans­port ac­cess to the Wood­stock rail­way sta­tion, MyCiti bus route and cy­cle lanes, with traf­fic flow­ing to the city cen­tre via Al­bert Road.

“This is a very high growth area that is much in de­mand, and we

‘Wood­stock is a high

“Our part­ner­ship with the own­ers of the Wood­stock Ex­change and Bis­cuit Mill is long-term and we in­tend to bring more peo­ple – some of whom would never have con­sid­ered the sub­urb be­fore – to this great area.”

The res­i­den­tial units, mainly north­fac­ing, will be on floors four to nine, with ex­ten­sive views of the moun­tain, city and har­bour. They will range from 42m stu­dios priced at R1.4 mil­lion ex­clud­ing op­tional park­ing, to 53m2 one- bed­room units and two-bed­room units span­ning 70m to 92m2. Cohen says buy­ers can en­joy sig­nif­i­cant tax sav­ings by tak­ing ad­van­tage of ur­ban devel­op­ment zone ben­e­fits.

Each unit is al­lo­cated one park­ing bay, but buy­ers may choose to forego this op­tion to re­duce unit pur­chase costs. Given the choice of pub­lic trans­port op­tions, and the in­creas­ing use of other trans­port so­lu­tions, park­ing bays are not es­sen­tial for all.

“The WEX One de­sign rep­re­sents a con­tem­po­rary and con­tex­tual re­sponse to the tra­di­tional brick ware­houses in the area,” says Vivid Ar­chi­tects as­so­ciate Charles Louw.

“It will adopt the brick, glass and steel of the rail-side industrial ware­houses, re­formed into a con­tem­po­rary aes­thetic, while still aim­ing to re­tain a clas­sic, time­less ap­peal.”

Res­i­dents will have ac­cess to su­per-fast fi­bre in­ter­net and re­lax­ing in­ter­nal gar­den spa­ces, as well as an on-site pool, gym and laun­dry.

Kitchens will in­clude Smeg ap­pli­ances. Heat pumps will pro­vide cost­friendly hot wa­ter, with smart me­ter­ing en­abling own­ers and ten­ants to mon­i­tor us­age. Tim­ber will be sal­vaged from the site for re­use as fea­ture cladding, and the ad­di­tion of so­lar pan­els for elec­tric­ity at a later date is be­ing ex­plored.

A con­tem­po­rary street-fac­ing flat show­room opens in mid-Oc­to­ber on the ground floor of the Wood­stock Ex­change to high­light the flats’ po­ten­tial. The com­mer­cial sec­tor of the new devel­op­ment will be treated as an ex­ten­sion of the Wood­stock Ex­change, renowned as one of the most in­ter­est­ing work and life­style spa­ces in Cape Town. Pedes­trian con­nec­tiv­ity will be en­cour­aged from the sta­tion along Dav­i­son Road to Al­bert Road, says Louw. The ground floor shops will be fronted with five me­tre steel and glass shopfronts and there will be pub­lic ac­cess into a highly vis­i­ble, yet well-pro­tected in­ter­nal re­tail street run­ning par­al­lel to Al­bert Road. New land­scap­ing and paving will tie this new build­ing to the Wood­stock Ex­change. Aufrichtig said ne­go­ti­a­tions are un­der way with a well-known su­per­mar­ket group for a con­ve­nient, well­stocked gro­cery out­let for res­i­dents, while a cof­fee shop and the ex­tremely fast in­ter­net will at­tract the many cre­ative in­dus­try en­trepreneurs in the area. Other re­tail out­lets could in­clude life­style of­fer­ings such as a gin dis­tillery or whisky tast­ing room. Con­struc­tion starts next May and should fin­ish in 2018. Sig­natura will mar­ket the units with an in-house sales team. The show­room can be viewed at 66 Al­bert Road Wood­stock. Call An­ton McEl­hone on 083 506 7829 or En­ver Dee­dat on 082 263 3337.

WEX One, a Sig­natura devel­op­ment in Wood­stock, will fur­ther re­gen­er­ate this cre­ative ur­ban neigh­bour­hood and at­tract more busi­nesses, buy­ers and in­vestors to this bustling area.

An in­te­rior photo of the WEX One res­i­den­tial units in Wood­stock boasts lo­cal de­sign.

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