R800 million residential development for Cape Town CBD | Fin24
 
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R800 million residential development for Cape Town CBD

Apr 15 2020 17:43

Construction work on FWJK's R800 million residential development known as 16 on Bree has topped out with the 36th floor having been cast.

This will make it the tallest residential development yet to be constructed in Cape Town.  

16 on Bree is a 372 apartment development including retail shops and is being constructed by Concor Western Cape.

Dave Williams-Jones, CEO of FWJK Developments, says that, notwithstanding the general shut down in the construction industry, completion of the development is still expected later this year.

Before the lockdown, the project was creating a thousand jobs on site with a further 1 500 off-site jobs created through employment by multiple sub-contractors and suppliers.  

The development, when completed, will provide accommodation in the City Centre for both long stay and short stay residents.

Construction work has stopped on the site due to the current lockdown.

cape town  |  construction  |  property
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