New mixed use development for Century City

A total of 51 apartments, 1 300 m² of double volume ground floor retail and 3 000 m² of offices are now being launched for sale in The Matrix, part of a new mixed use precinct being developed around an urban square which is destined to become the bustling new commercial and hospitality hub of Century City.

Artist’s impression of The Matrix, part of a new mixed use precinct being developed around an urban square at Century City.

An eclectic mix of retro and contemporary styling The Matrix combines robust facebrick façades with concrete, glass and steel to make a strong creative statement and provide an impressive address for residents and businesses.

Being developed by the Rabie Property Group at a cost of R205 million, the sectional title development will comprise six double volume retail units on the ground floor ideal for high visibility destination retail such as boutique showrooms, restaurants and service retail. The retail units range in size from 217 m² to 332 m².

The next three floors will consist of flexible office space ranging in size from 120 m² to a full floor of 1 530 m² and selling at around R20 000/m².

The one, two and three bedroom residential apartments on the top three floors vary in size from 45m² to 103m², and are priced from R1.36 million to R3.06m. Some will have balconies and many will have sea and mountain views.

Steve Cloete, project manager for Rabie, says that “nested” parking in a super basement will be allocated on the basis of 1/100m² for offices and one bay for one-bedroom apartments with the pricier two-bedroom units and all three-bedroom apartments having two bays. Additional parking bays will be available on a casual or monthly basis in a structured parking building also fronting onto Century City Square.

Cloete says that following Rabie’s experience at other recent residential and commercial launches at Century City they expected sales to be brisk, particularly for the residential apartments.

“At the launch of our Mayfair development late last year all 130 apartments were snapped up in days – with the first 70 units being sold within 45 minutes at a pre-launch function.

“We have a fairly extensive list of potential buyers who missed out on our earlier projects which were all sold out long before completion and some even before construction started.”

He says The Matrix apartments and offices are been designed to appeal to investors and owner occupiers looking for a “sexy asset” and a trendy address close to the hustle and bustle of Century City Square.

“The apartments, with their distinctive architecture combining exposed concrete ceilings with beautifully finished bulkheads with downlighters, timber vinyl floors and exposed brickwork interiors, are very different to what we have done before and we believe the development will appeal to a broad market.”

Cloete says that north and west facing apartments will all have airconditioning and finishes will include imported kitchens with built in appliances.

Also fronting onto Century City Square is a 900 seat conference centre with a total capacity of 1 900 over 20 venues, a 125 bedroom hotel, the Annex, 4 500 m² of offices to let over four floors above the conference centre with ground floor entrance; the Apex, an eight storey building comprising 7 900m² of offices over seven storeys with ground floor restaurants, bistros and coffee shops, and a six floor structured parking building. This, together with a super basement parking garage, will provide a total of 1 330 parking bays for the buildings around the Century City Square.

To register interest go to

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    • 16 Jan 2018
      The start of the new year is symbolic of new beginnings. A good time to take stock of one’s possessions as well as how necessary they actually are. However, seeing as the process may appear daunting – a plan goes a long way.
    • 16 Jan 2018
      The Western Cape is still in the throes of a severe drought and many households have to adjust the way they use and save water. It is a little more complicated in sectional title schemes, however, as it is not that easy to implement grey water systems for multiple users and it is also difficult to monitor water usage accurately if there are no separate water meters
    • 15 Jan 2018
      In ideal rental situations, when a lease is signed the tenant will stay for the full duration of his lease without any complications and the landlord will uphold his obligations, creating a win-win situation for tenant and landlord.
    • 15 Jan 2018
      The Atlantic Seaboard’s housing market has stoically withstood the brunt of the growing economic and political instability, consistently achieving double digit growth way above the national average, however, in 2017 South Africa’s most resilient market finally began to yield to the pressure.
    • 15 Jan 2018
      Sectional title insurance can be a little confusing and, as a new owner, you may be tempted to just assume your body corporate has you covered. While this may be the case, understanding the extent of your coverage and your personal liability is the only guaranteed way to protect yourself against potentially costly oversights.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us