Rabie breaks ground on Cape Gate development
“It’s been a long-term project for us, as we entered into a joint venture with Nedbank and acquired the land several years ago.” says Miguel Rodrigues, Director at Rabie. “We’ve commenced civils and construction will commence from July, with completion of the first phase projected for mid-2021 and final completion in 2022. The development has been sold to a single purchaser, Invitation Homes, to add to their rental portfolio.”
Cape Gate Crescent, a secure complex, will comprise of 182 rental homes made up of low-rise apartment blocks featuring a choice of studios and one-, two- and three-bedroom apartments, as well as eight townhouses. A communal swimming pool, braai area and ample green spaces will ensure many happy hours enjoyed outdoors. Every home will incorporate modern finishes and Fibre-to-the-home for fast internet and DStv and with most homes featuring built-in braais.
The main entrance will be set-off from Belami Road, with a secondary residents’ entrance on the opposite side from Ridge Road. It is ideally located between several retail outlets including Cape Gate Lifestyle Centre, Cape Gate Makro and Cape Gate Shopping Centre as well as Mediclinic Cape Gate.
“The location of Cape Gate Crescent is the perfect blend of convenience, with views of the Stellenbosch mountain range and the enjoyment of living in a secure green urban environment.”
“The location of Cape Gate Crescent is the perfect blend of convenience, with views of the Stellenbosch mountain range and the enjoyment of living in a secure green urban environment.” Rodrigues continues. “Rabie has successfully developed several similar residential estates over the years and the cornerstone of our development philosophy is delivering quality homes in smartly designed and well-maintained complexes. We always aim to build more than just bricks and mortar. An ideal home environment is a comfortable, safe place where you can dream, grow and thrive.”
Furthermore, a commercial opportunity exists for rental or ownership. Situated on Belami Road, Rabie will develop 1 900m² bulk for a specific business.
For more information on Cape Gate Crescent, please contact Invitation Homes on 021 8011 888 or 087 820 0636.
For more information on the commercial development, contact Jason on 082 339 2722 or Sedica on 082 342 6544.