Old Cape Quarter is a new luxury mixed-use development in De Waterkant Old Town area, and although still under construction, it has already recorded the second-highest price for residential property in the area.
Once completed, the development – situated at the Cape Quarter Precinct and previously known as Cape Quarter Piazza, will consist of 55 elegant apartments.
They include one and two-bedroom homes, priced at R5.45 million and R6.56m respectively. The development will also have two three-bedroom penthouses.
All of the luxury apartments come with a terrace and secure parking, and top quality features include double glazing, air-conditioning, Miele appliances and Hans Grohe taps.
Old Cape Quarter will also consist of 1 590m² of commercial space and 3 510m² of retail space.
“Framed by Dixon, Waterkant and Hudson streets, Old Cape Quarter will cradle the existing retail and commercial floors of the piazza, adding an additional four residential floors,” says Marc Edwards, chief executive of building owners Tower Property Fund.
“Several units at Old Cape Quarter have already been sold, with investors securing the two very exclusive penthouses for more than R45m – the second-highest price achieved for residential real estate in the area.” Old Cape Quarter forms part of the trendy and vibrant De Waterkant Village.