Monday, 16 May 2016 11:14

Manhattan Quarter Tops Out

Written by
Rate this item
(0 votes)

Construction of Manhattan Quarter, a complex of 63 apartments overlooking the Grand Canal in Century City, has topped out and is on schedule for completion in mid-October.

Manhattan_Square_Century_City_Apartments

Being developed by the Rabie Property Group at a cost of R150million, Manhattan Quarter comprises generously sized apartments which were all sold out months ahead of construction which started in July last year.

The apartments were sold for between R1 425 000 and R4,8million and are housed in two adjoining blocks with a staggered skyline of three, four and five storey sections and serviced by two lifts off a central lobby with a concierge desk.

They range from one bedroom units to four bedroom duplexes and vary in size from 70 square metres to 228 square metres, including balconies.  All apartments will have secured, covered parking for two cars and overlook either the Grand Canal or the largest public park in Century City.

Manhattan Quarter is conveniently located on a site adjoining Manhattan Towers -  a 15-storey block of 82 apartments set over a ground floor commercial component including a restaurant and conference facilities – and Manhattan Wharfside – a strip of single and double storey apartments fronting onto the Grand Canal. The existing Manhattan components were built in red facebrick and this architectural element is being carried through to Manhattan Quarter.

It is also in easy walking distance of Canal Walk Shopping Centre – which is a bridge over the canal away - as well as restaurants, a park, schools, a crèche and the MyCiTi bus station.

Designed by Munnik Visser Architects, Manhattan Quarter is being constructed by Big Ben Construction. Handovers and transfers are scheduled for November this year.

The rest of the Manhattan precinct, which will include a commercial component, a restaurant, a large park and a crèche for 160 children, is also under construction and due for completion in November.

According to Brian Usher, Sales Director of Property World, Century City residential properties have shown significant capital growth in recent years due to demand for properties in the precinct far outstripping supply.

“Century City has definitely become a sought after residential node due to a number of factors including its high level of safety and security, its well maintained environment and the fact that there is every conceivable facilities right on the doorstep.

“As soon as resale properties come on the market they are snapped up and we are always looking for stock.

“Sales in new developments at Century City have also strongly outperformed the rest of the market,” he said.”

Last modified on Monday, 16 May 2016 11:28

Most Popular

Introducing cutting edge tech to the property industry

Feb 28, 2017
Virtual Reality Technology
Positioning ourselves at the cutting edge, Fieldspace Property Group is transforming the…

Calling all Cape Town owners and managers of commercial buildings and operations: Let’s talk energy and water

Mar 04, 2017
CoCT Energy Efficiency Forum
Join us for the Energy Efficiency Forum on 16 March at 8:30 for 9:00 until 12:30 followed…

The Polofields development launch met with great excitement

Feb 27, 2017
The Polofields apartment block
Balwin, South Africa’s largest homebuilder focusing on large scale sectional-title…

REBOSA opposes racist property advertisement in the strongest terms

Mar 02, 2017
Jan le Roux REBOSA
The real estate industry has been placed under an uncomfortable spotlight yet again with…

Making green affordable housing a reality

Mar 07, 2017
Belhar Gardens
Nedbank Corporate and Investment Banking (NCIB) today announced that is has made the…