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<\/a><\/p>\nProperty developer Abland, and its partners Giflo, have invested R500 million in a luxury mixed-used development in the heart of Cape Town\u2019s central business district.<\/p>\n
Construction on The Rubik has commenced, with sales on the project having already met commencement targets, despite a slow commercial real estate market impacted by the Covid-19 pandemic.<\/p>\n
\u201cThe Rubik transforms its central-city location from having previously offered just three storeys of conventionally designed retail space to offering a truly mixed-use approach to urban planning and development,\u201d said James Cresswell, regional director for Abland.<\/p>\n
\u201cIn addition to its 79 residential units, the project offers businesses the opportunity to secure office space in the heart of Cape Town\u2019s commercial and retail district, in a building that\u2019s designed for discerning individuals who appreciate elegance and unique, modern architecture.\u201d<\/p>\n
The Rubik offers its sectional title apartment owners a choice from 46 one-bedroom, one bathroom units, 24 two-bedroom, two bathroom units, and nine two- and three-bedroom duplex and triplex penthouse units, with purchase prices starting at R2.15 million.<\/p>\n
The residential units on the building\u2019s upper nine floors will bask in 360 degree views of Table Mountain, Lion\u2019s Head, Devil\u2019s Peak, and the V&A Waterfront.<\/p>\n
The residential units are above seven floors that offer 5,000 square metres of centrally located office space, available to rent or to purchase on a sectional title basis. Residents and commercial tenants, via their separate entrances, will benefit from easy access to restaurants and upmarket retail outlets located on the building\u2019s ground- and first floors.<\/p>\n
Designed by the team at dhk Architects that created 35 Lower Long for the same development team, The Rubik includes state of the art security and access control systems, separate entrances and lifts for commercial and residential occupants, and a 24-hour concierge.<\/p>\n
While some apartments and penthouse have private balconies, the building\u2019s shared facilities include a roof-top braai and pool area with panoramic views over the Mother City, with energy-efficient design complemented by standby power generation to avoid the effects of load-shedding.<\/p>\n
\u201cThe Rubik enhances the City of Cape Town\u2019s status as a cosmopolitan location that offers idyllic work, live, and play property solutions, perfect for investors who want to secure a solid buy to rent property, or for executives seeking a complete lifestyle solution in the heart of one of the world\u2019s most beautiful and exciting cities,\u201d Cresswell said.<\/p>\n
With more than half of the residential units already sold, The Rubik is scheduled for completion and occupation by August 2023.<\/p>\n