The Quadrant is located within a mixed-use complex consisting of apartments, consulting offices and retail space, which includes an Italian restaurant, coffee shop, hairdresser, massage spa, wellness centre, gymnasium and a 25-metre indoor pool as well as the Claremont public library. A 19-bed Care Centre is also on site, available for those who require 24-hour nursing.
‘ Several of the apartments in The Quadrant Gardens were already sold before launch( in May) and we expect that, given the limited availability of urban retirement options in the southern suburbs, these units will be in very high demand,’ says Bev Bloch, manager of the Pam Golding Properties southern suburbs retirement sales team.
Another great mixed-use development in the city is The Yacht Club, the iconic Amdec Group development in the Roggebaai Canal precinct just outside the V & A Waterfront, attracting over-50s either as investors or as residents.
Like One on Whiteley at Melrose Arch in Johannesburg, the 170-apartment Yacht Club features the same state-of-the-art security and offers, as an additional perk, connectivity to the V & A Waterfront and CBD via water taxi or pedestrian walkway. All apartments are currently sold out.
‘ There is a clear demand in the mature market for these types of developments. It’ s about a lifestyle that offers safety, security, convenience and, ultimately, freedom,’ says Amdec Property Developments MD Nicholas Stopforth, who himself lived in an apartment in Melrose Arch before relocating to Cape Town.
Harbour
Bay Village
Essentially, it’ s about downscaling – and freeing up equity from selling a bigger home – to enjoy an easier lifestyle and community benefits in a safe environment "
Harbour
Bay Village
Simon’ s Town’ s Harbour Bay Village, which launches in 2020, is an exceptional One on Whiteley apartment development targeted solely at retirees. It offers luxury apartments – priced from R1.6 million to R6.7 million – with retail, restaurants and a medical facility all within a short walk.
‘ This is the first mixed-use development of its kind in the country, with a hospital and shopping centre in the precinct, as well as spectacular views. We’ ve already sold 14 units, and a further 22 are reserved, so we are doing well,’ says sales executive Amanda Stocks.
The Village, within the Langebaan Country Estate up the West Coast, is taking shape. When completed it will offer one- and two-bedroom courtyard apartments as life right investments. The Village will have all the expected amenities – clubhouse, restaurant / bar, hairdresser, laundry, library, coffee shop and function room – as well as optional assisted living facilities.
Gauteng
Similarly, in Johannesburg, the‘ live, work, play’ lifestyle that apartment developments offer to a mature market is the strongest drawcard.
With units selling from R2.1 million, One on Whiteley, a 241-apartment block currently under development within the Melrose Arch precinct, is also exceeding expectations in the mature investor market, for the same reasons.
‘ The biggest attraction for both buyers and renters here is the security – you even feel safe if you don’ t lock the front door. You can also walk to wherever you want to in an enclosed and secure environment. You can walk home late at night from a restaurant and feel completely safe. That is a primary concern among all buyers, especially mature buyers or retirees,’ says Peet Strauss, sales manager of the Melrose Arch branch of Pam Golding Properties.
Nearby is Pembury Melrose, an elegant retired lifestyle apartment building. The apartments are offered on a rental basis and are fully serviced, including meals, housekeeping and laundry. Prices start at R23,220 per month for a studio, to R31,860 per month
www. estate-living. co. za | 25