Cape Town has ushered in brand new micro-apartment development in the centre of Woodstock, deadlined to be completed in December 2020.
“High-end micro-apartments from 21 square meter to 48 square meter semi furnished with the latest in space-savvy appliances and technology, these units will be shipped ready-to-go.
With retail space below, residents will have on-demand access to meeting and eating spots, laundromats, a pharmacy, braai and entertainment areas.”
1 On Albert
Cosy high-end design
Development announced last year has paved the way for cosy apartments in the city. This development is designed by award-winning architects Louis Karol and the interiors designed by leading hotel room designer Grant Gillis.
The same architects that brought to life the V&A Waterfront extension and the Cape Town stadium, have ignited the flames for this development. The prices for these apartments start at R913,000 up to R2 650 million. With the size ranging from 21 square metre studios to 75 square metre two-bedroom units at a cost of up to R2.65 million.
Netflix and chill
The development has begun construction on Albert Street in Woodstock and will have DSTV and Netflix streaming.
What will these little homes consist of:
- 24 Hour security & CCTV surveillance
- WID precinct security on site
- Biometric access controls
- Secure basement parking
- Heated swimming pool
- Recreation area with braai facilities
- Super fast Wi-Fi & fibre
- DStv & Netflix streaming
- Air BnB friendly
- Food & lifestyle retail on the ground floor
Gentrification in Woodstock piloted the new city hub
The Woodstock neighbourhood is rapidly emerging and this stems greatly from investments and the displacement of locals.
The owners of the Old Biscuit Mill have proposed a new block of apartments under the flagship of Signatura and Indigo Properties. WEX2 is being built on the corner of Albert Road and Frere Street. The Exchange and WEX1 were completed a few months ago, and the starting rate is at R3 million for this development.
“WEX is about putting your money and your mojo into the renewal of Cape Town’s original urban fringe. From transforming industrial dilapidation into bright, beautiful, purposeful new spaces, crackling with creative energy and edgy design.
WEX is a new urban initiative aimed at introducing a new way of living in the heart of the funky old Woodstock. The physical development, when complete, will consist of four stand-alone but related developments clustered around the retail and design hub of the Woodstock Exchange.”