ABLAND, property developers for over 30 years, is developing a distinctive mixed use development in Cape Town’s CBD in partnership with Nedbank.
The Rubik, which launched last month, combines retail, commercial and residential components and will be located on Loop Street.
Work on the development is expected to commence in the latter part of 2019 with the demolition of existing buildings. Thereafter, bulk earthworks will take place followed by
the construction phase which is set for completion in July 2021.
“When this property came up for sale, we wasted no time in its acquisition as the location is perfect for a planned mixed use development. We have undertaken numerous high rise developments in the Cape Town CBD and are very excited to bring this vision to life” says Jurgens Prinsloo, Managing Director, Abland.
The building will have double glazing, an air-conditioning system that doesn’t use water evaporation for cooling, energy efficient lighting and water heating systems which compliments green star initiatives.
The residential component will offer an eclectic and present-day design with residential units that are located at the top of the building giving residents an amazing view of the ocean, Lion’s Head and the Table Mountain.
Foyers will separate the residents from the commercial tenants.