Cape Town - The second phase of the Chelsea on Main apartments in Green Point, Cape Town, has just been launched - an investment of R450m.
The apartment block features 31 new units, each with its own private terrace and secure underground parking with direct lift access. It includes a 105m² third floor 2-bedroom apartment which boasts a wraparound 108m² landscaped terrace that doubles the overall living space.
The development is a joint venture by Signatura, the private label property brand of John Rabie and GAIN property consultants and developers.
“When Phase 1 was launched in November 2013, over 90% of the apartments sold in the first week,” said Rabie. “We are confident of another good take-up as this is a stylish, energy-efficient building with the very best of Cape Town on its doorstep.”
An independent five star Mantis Group hotel (The One on Main) is being planned alongside the Chelsea development, said Rabie.
It is scheduled for occupation in July 2017.
Ari Efstathiou of GAIN said their vision for Chelsea on Main had been to develop a local interpretation of global trends, namely inner-city convenience combined with a laid-back, easy-going vibe in a highly desirable location.
“People today don’t want to live far from exciting shops, top restaurants and other work and leisure options – mixed-use precincts are livelier and more desirable to many buyers, especially those who want to cut down on long commutes. Green Point has almost a ‘village feel’ found in the boroughs of London and New York City,” said Efstathiou.
Acknowledged as one of the top five green miles in the world in the annual Knight Frank property report, Green Point’s neighbourhood appeal comes from convenient MyCiti stops, an easy work commute from the city centre, and ready access to popular local attractions such as the Green Point Urban Park, Virgin Active gym, golf course and the Sea Point promenade.
A mixed use retail lifestyle space is planned for the ground floor.
Priced from R2.45m, Chelsea on Main offers a combination of 1, 2 and 3 bedroomed apartments with three penthouse suites on the top 7th floor.