select
|

Building underway at the “The Odyssey”

Construction has commenced on “The Odyssey”, a trendy new apartment building on Green Point’s Main Road, situated directly opposite the Green Point Urban Park.  

The project is the latest by the renowned Berman Brothers, whose previous developments in the same area include The Legacy, situated just a few blocks away.  Pam Golding Properties has the exclusive mandate to market the 59 apartments in The Odyssey, with prices ranging from R995 000 to R5.775 million, inclusive of VAT.

Designed by MLB Architecture, the building will feature a modern, sophisticated design with state-of-the-art finishes.  The 59 apartments will range in size from 40sqm to 396sqm, with layout options including studios, one-bedroom and two-bedroom units, as well as a single three-bedroom apartment.  Five of the apartments will be garden units and three of them penthouses - two of which will have their own private rooftop decks.  Also located on the rooftop will be a communal swimming pool with entertainment terrace.  The building will enjoy excellent security with a 24-hour concierge.

Parking is included in the purchase price, with each unit having a minimum of one parking bay allocated in the two levels of basement parking.  Visitors’ parking will be allocated at ground level.  Buyers will have the option to purchase storage rooms at an additional cost of R50 000.

PGP’s area manager for the Atlantic Seaboard and City Bowl, Basil Moraitis, says he expects the building to be extremely popular with young professionals.  “The site is conveniently close to the city’s media and advertising quarter, as well as businesses in the Central City,” he says.  “It is an ideal location for those who want to live and play, close to their place of work.  They can come home from the office, go for a jog in the Green Point Urban Park, work out at the Virgin Active, the Green Point tennis club or the outdoor gyms on the Promenade, and then enjoy cocktails and dinner at any one of the numerous restaurants, cafes and bars which pepper the area.  We have witnessed the success of a similar product at The Legacy, which is already sold out, just weeks after its launch to market.  Buyers there also included several international clients, who like the security of an easy to maintain, lock-up-and-go pad in the heart of the city, close to the V&A Waterfront and the Atlantic Seaboard beaches.  This trendy lifestyle is ideal for young upwardly mobile buyers who want the modern finishes of a brand new building and the convenience of a location that is within walking distance of most amenities.”

Occupation is anticipated by September 2013.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK