7-Storey block going up in Howe Street

A MAJOR development on an empty plot of land in Howe Street will add no fewer than 123 apartments to Observatory’s slowing increasing number of living spaces.
Aquacor Property Developers, the company developing the two blocks of one- and two-bedroom flats, claims that 60% of the units have been sold off-plan already for prices ranging from R575 000 to R1,2m.
Aquacor’s Dustin Stringfellow assured Howe Street residents, who are unhappy about lack of parking in the street due to the presence of Woolworths Financial Services, that the development will have no impact on the parking situation. “All the parking will be within the property,” he said. There will basement parking for every resident, and one visitor’s parking space for every four flats.
The first of the blocks, a three-storey building, is set to be completed by May next year, while the second, a seven-storey giant, is due for completion in August next year.
Dustin said the development has drawn keen interest from investors who want to rent out the flats.