{"id":286638,"date":"2018-11-23T10:48:36","date_gmt":"2018-11-23T08:48:36","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=286638"},"modified":"2018-11-23T10:48:36","modified_gmt":"2018-11-23T08:48:36","slug":"a-look-inside-cape-towns-new-r1-2-million-micro-apartments","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/286638\/a-look-inside-cape-towns-new-r1-2-million-micro-apartments\/","title":{"rendered":"A look inside Cape Town&#8217;s new R1.2 million &#8220;micro&#8221; apartments"},"content":{"rendered":"<p>The Pinnacle &#8211; a landmark building opposite the Cape Sun Hotel on Strand Street in Cape Town &#8211; has been relaunched as a mixed-use multimillion-rand redevelopment that will offer 239 micro-apartments.<\/p>\n<p>The development is modelled on a work-play-live scenario aimed primarily at millennials and generation-X wanting to get their foot into Cape Town\u2019s pricey property market door<\/p>\n<p>&#8220;For a long time, the first-time home-buyer market in Cape Town hasn\u2019t been easy to penetrate, and I wanted to change that,&#8221; said Dawie Swart, CEO of asset-management company Investicore which owns The Pinnacle.<\/p>\n<p>&#8220;The concept behind micro-living is creating a neighbourhood within the building, and at The Pinnacle, we\u2019ve done just that,&#8221; said Swart.<\/p>\n<p>He added that the building will boast a micro-community where like-minded individuals live together in fully integrated social spaces.<\/p>\n<p>This includes a rooftop swimming pool, on-site restaurants and retail,Wi-Fi with hot desks, and meeting rooms.<\/p>\n<p>The Pinnacle\u2019s lock-up-and-go apartments are also complemented by 24\/7 security.<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle_1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-286652 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle_1.jpg\" alt=\"\" width=\"1163\" height=\"776\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle_1.jpg 1163w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle_1-300x200.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle_1-768x512.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle_1-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 1163px) 100vw, 1163px\" \/><\/a><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-286654 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-2.jpg\" alt=\"\" width=\"1163\" height=\"776\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-2.jpg 1163w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-2-300x200.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-2-768x512.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-2-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 1163px) 100vw, 1163px\" \/><\/a><\/p>\n<p><strong>Apartments<\/strong><\/p>\n<p>The designer apartments are the work of Grant Gillis, renowned international interior designer and CEO of Delta International Design Studio.<\/p>\n<p>They all feature the comforts of modern living coupled with innovative spaces that move and adapt to their inhabitants\u2019 needs.<\/p>\n<p>&#8220;Electricity and water usage is something that Capetonians need to be aware of, and we considered these factors in the design and construction of the apartments,&#8221; said Swart.<\/p>\n<p>The apartments are kitted out with brand-new kitchen appliances and LED lights, helping to keep energy usage as low as possible.<\/p>\n<p>The micro-apartments offer cost-effective levies, and the rates and bond repayments are manageable.<\/p>\n<p>Other apartment features include:<\/p>\n<ul>\n<li>Air Conditioning<\/li>\n<li>Gorenje Appliances<\/li>\n<li>Built-in under-counter fridges (Micro)<\/li>\n<li>Convection Microwave\/Oven (Micro)<\/li>\n<li>Built-in cupboards (BIC)<\/li>\n<li>Vinyl Timber Floors<\/li>\n<li>Fibre Optic Internet &amp; DSTV Network<\/li>\n<li>Optional furniture pack<\/li>\n<\/ul>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-286656 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-3.jpg\" alt=\"\" width=\"1163\" height=\"776\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-3.jpg 1163w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-3-300x200.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-3-768x512.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Pinnacle-3-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 1163px) 100vw, 1163px\" \/><\/a><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Micro-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-286658 size-large\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Micro-3-1024x724.jpg\" alt=\"\" width=\"840\" height=\"594\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Micro-3-1024x724.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Micro-3-300x212.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Micro-3-768x543.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Micro-3-1200x848.jpg 1200w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/11\/Micro-3.jpg 1600w\" sizes=\"auto, (max-width: 840px) 100vw, 840px\" \/><\/a><\/p>\n<p>&#8220;We\u2019re seeing huge interest by city workers anxious to spend more time enjoying their spare time and less time commuting,&#8221; said Emanuel Germanis, managing director of Evolution Properties, which has the sole-mandate to sell The Pinnacle.<\/p>\n<p>&#8220;We\u2019re happy to sit with prospective buyers and help them make the right informed choice to suit their pocket.&#8221;<\/p>\n<p>48 apartments have already been sold off plan, with prices <strong><a href=\"https:\/\/www.thepinnacle.co.za\/pricelist\/\" target=\"_blank\" rel=\"noopener\">starting<\/a> <\/strong>at R1.25 million for a 31 sqm<sup>\u00a0<\/sup>micro-apartment. Alternatively, a 36 sqm\u00a0micro-apartment will set you back R2 million.<\/p>\n<p>A number of studio 1- and 2-bedroom apartments are also available &#8211; with prices ranging from R1.7 million to R3.6 million.<\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a href=\"https:\/\/businesstech.co.za\/news\/banking\/286430\/heres-what-the-rate-hike-means-for-your-home-loan\/\" target=\"_blank\" rel=\"noopener\">Here\u2019s what the rate hike means for your home loan<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pinnacle &#8211; a landmark building opposite the Cape Sun Hotel on Strand Street in Cape Town &#8211; has been relaunched as a mixed-use multimillion-rand redevelopment that will offer 239 micro-apartments.<\/p>\n","protected":false},"author":10,"featured_media":286650,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[26,13510],"class_list":["post-286638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-headline","tag-the-pinnacle"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/286638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=286638"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/286638\/revisions"}],"predecessor-version":[{"id":286666,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/286638\/revisions\/286666"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/286650"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=286638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=286638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=286638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}