Name of the Project
Rubik mixed-use development.
Location
Cape Town central business district, Western Cape, South Africa.
Project Owner/s
Abland, in partnership with Nedbank.
Project Description
The project entails the construction of a mixed-use development with retail, commercial and residential components.
The residential component will offer an eclectic and present-day design with residential units that are located at the top of the building. Foyers will separate the residents from the commercial tenants.
The cube-shaped building will have double glazing, an air-conditioning system that does not use water evaporation for cooling, energy efficient lighting and water heating systems.
Potential Job Creation
Not stated.
Capital Expenditure
Not stated.
Planned Start/End Date
Construction is expected to start in the second half of 2019, with the demolition of existing buildings. Thereafter, bulk earthworks will be undertaken followed by the construction of the building, which is set for completion in July 2021.
Latest Developments
The project received zoning approval in April.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Abland (Cape Town), tel +27 21 418 1205.