Urban renewal boom for Vredehoek

Vredehoek is rapidly becoming one of Cape Town’s most sought-after and desirable areas to live as a wave of urban renewal refreshes and re-energises one of the city’s best-kept secrets. With a new MyCiti bus route serving the area and Table Mountain, one of the new Seven Wonders of Nature, on its doorstep, Vredehoek is also benefitting from the upgrading of several old residences into modern apartment complexes - with lifts and parking – by Signatura, John Rabie’s private label brand.

Signatura, the brain-child of property visionary John Rabie, has already sold-out two developments in Vredehoek: Horizons and Altino, both in St James Street. Horizons achieved the highest price ever for a penthouse in the area. Signatura’s newest venture – also in St James Street – is called The Outlook and will surpass the high standards set by Horizons and Altino, says Rabie.

“Home owners want to live in Vredehoek because it is an established area that is close to town and has wonderful views of the mountain, harbour and city lights. Its cosmopolitan vibe and little restaurants, bars and quirky shops echoes that found in areas of Sydney, London and New York City, which are also undergoing renewal since being built about 60 years ago.

“Since the 1950s, the way people live has changed dramatically and The Outlook reflects this. It consists of four two-bedroom, two-bathroom apartments and a spacious three-bedroom penthouse, all with stunning views. In addition, we’ve added a lift and a secure parking garage with two bays per apartment – amenities that virtually no other block in Vredehoek offers. By working carefully with the architect Juan Bernicchi, we have situated the building to accommodate on-site parking for 9 cars, which is a rarity in Vredehoek. The project will also be a secure development that is pet friendly and offers a braai and entertainment area for residents. “

“In addition, each apartment will have a spacious terrace and some have front and back gardens, which is also unusual for Vredehoek. We have found that modern buyers and young professionals want the security and convenience of a lock-up-and-go lifestyle but also want to take advantage of Cape Town’s summer by having a sizeable outdoor area. Homeowners are no longer content with a tiny balcony or with parking in the street.”

Rabie believes that Signatura has sold out its previous two developments in record time – Horizons within two weeks and a waiting list accumulating Altino before it was even publically advertised – because it has hit the sweet spot of property development.

“Globally, there is an uptick in the property market as investors slowly recover their confidence. In addition, buyers are taking longer before deciding to spend and are looking for value for money, return on investment, long-term saleability and the overall lifestyle package.

“Signatura’s top-notch design, affordability, attention to detail and desirable facilities like parking, gardens, attractive living areas and a lift in The Outlook meld perfectly with Vredehoek’s position and all that it has to offer.”

Article from: www.signatura.biz

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