Weekend Argus (Saturday Edition)
Luxury living and retail in The Glengariff
PERFECTLY positioned on the corner of one of Sea Point’s most iconic streets, The Glengariff is a luxury residential development with a bespoke retail space on street level.
Construction is expected to start early next year, with occupancy planned for mid-2019.
Sea Point has enjoyed a considerable revitalisation in recent years, and the construction of a development that meets international standards will further bolster investment in the area, says Alistair Capon of Mason Developments.
“Mixed- use residential developments are increasingly popular as they have both a residential and retail offering, promoting a healthy interactive community and an attractive urban lifestyle.”
Sea Point has seen a surge of investor confidence in recent years and The Glengariff is one of several major developments that will serve as catalysts for further growth, says Basil Moraitis, Pam Golding Properties area manager for the Atlantic Seaboard.
According to Lightstone data, sectional title units comprise about 88% of Sea Point’s property market and the median price of these units has increased by 230% from 2007 to 2017.
With prices at The Glengariff starting at R2.9 million including VAT, this boutique development will allow residents to experience luxury living in a desirable area.
The 38 designer apartments, with six penthouses on the ninth level, combine contemporary style with sophisticated architecture. – Property Writer