New Woodstock development set to wow
Wex One to attract investors to residential, business hub
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.