Long and short of The Tower

Graphic: Devon Daniels, Independent Media 11-year period for repayment from the proceeds of the resale of the apartment.

The development will consist of studios, one-, two-, threeand four-bedroom apartments, priced from R1.5 million to R13.9m for penthouses.

“In keeping with the heritage grading of the HHO and Felderman buildings on the site, the development has been designed to include historical elements in the façade.

“The street-level design will reflect the urban landscape elsewhere on Bree Street and the double-volume colonnade along Prestwich Street will be for pedestrian access only,” says Wener.

“We can no longer afford the urban sprawl that moves people further and further from their place of work and study,” says Rob Kane, chairperson of the Cape Town Central City Improvement District.

“Sustainability is absolutely key to the growth and ongoing success of downtowns as well as the metropoles in which they are situated.

“We therefore need good design that looks at densification, particularly of residential development, with mixed-use functionality and innovative strategies and structures that will conserve resources.” ZERO-2-One Tower is the redevelopment of the Old Mutual Centre and Exchange Place on the corner of Adderley and Strand streets, across the road from Cape Town Central Station.

The buildings will be redeveloped into: A 44-storey tower, which will have 44 000m² of space.

Sold: 60% of the space is already sold, according to Stuart Chait, head of the Land Equity Group, co-developer of the new CBD landmark along with FWJK.

Construction starts: April.

Start to completion: 30 months. Cost: R1.5 billion The development will have: 624 apartments, 760 parking bays, 5 000m2 of retail space and a 360º viewing deck and restaurant at roof level, which will be open to the public.