New development shows revival of Cape Town's East City Precinct | Fin24
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New development shows revival of Cape Town's East City Precinct

Jan 17 2020 17:36

Cape Town's East City Precinct - between the CBD and District Six - are undergoing a revival and the new The Harri residential development is an example of this trend.

The Harri, is a 39-unit studio or penthouse apartment development.

According to Jeff Kleu, co-developer with Steven Lampert, both of property-development company Sepia and Silk, last year, the Cape Town Central City Improvement District (CCID) identified the area as having the highest overall occupancy rate (97%) of all four of its city precincts.

A R75 million hotel opened there earlier this year, following three other commercial and retail developments in 2017. Two further residential mixed-use developments are planned for 2020.

Kleu points out the proximity of The Harri to entertainment and retail options. The development merges micro-apartment living with co-working office spaces to create a co-living environment.

"The Harri is very appealing to many professionals working for established creative, technology and design firms in the area, as well as visitors wanting a different inner-city tourism experience," says Kleu.

It is scheduled for completion in October 2020. The 32 studio apartments vary in size from 24m² to 49m² - furnished or unfurnished - with prices starting from R999 995 including VAT.

The seven two-storey penthouse apartments, varying in size from 87m² to 117m² (furnished or unfurnished), have a starting price of R3 849 995 including VAT. All have a rooftop terrace and offer uninterrupted views of Table Bay and Table Mountain.

cape town  |  property


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