The G5 Properties Group expects the new One97 project to be completed in mid-2019, following the recent launch of the multimillion-Rand six-storey development.
The apartment complex will be built in Hyde Park, in partnership with Sylt and Liviero. The upmarket project will be spearheaded by the Pam Golding Group and will feature 100 luxury units, that are situated near the Hyde Park Shopping Centre.
That is the pitch that is being made to prospective buyers.
G5 manager Sam Silwamba, said he was excited by the vast opportunities that this project created for all the relevant stakeholders, including the prospective buyers.
“G5 Properties is proud of this superb new north-facing residential building which we are developing in partnership with Sylt Developments and the multidisciplinary construction group Liviero,” said Silwamba.
“Every aspect has been considered in the design of the building, which will be a signature residential development for our group within Gauteng,” added Silwamba.
Echoing similar sentiments about the vast opportunities that this project created, was Sylt representative Louis Barnard.
“We were fortunate to have been able to find a unique 4 000sqm site in Hyde Park situated within a private cul-de-sac in order to develop this one-of-a-kind residential complex,” said Barnard.
“This will result in the residential development enjoying both good access and privacy,” added Barnard.
“One97 will be an upmarket residential development, with state-of-the-art single access security and is within easy walking distance of Hyde Park Shopping Centre and a few minutes drive from SA’s financial capital, Sandton. The designers looked to trends emerging in international urban centres such as New York and London in order to achieve the classic lines yet timeless, cosmopolitan feel of One97.”
So, what numbers are actually being bandied about here. Let’s do some crunching shall we. The apartments are available to purchase from between R1.9-million and R13-million.
The cheapest of those apartments will start off at 50sqm, while the the lavish penthouses will go for R13-million.
“The units are designed to be spacious and comfortable, with the very highest quality finishes. Considering the amenities on offer and location of the development, we believe that these apartments offer the investor excellent value,” added Smith.
“An added advantage for the purchaser is that the developer will undertake all construction in-house, guaranteeing quality and delivery of the end product. This affords the end-user peace of mind that after-sales service will be top-notch.”