The V&A Waterfront’s cutting-edge No. 1 Silo development was the clear winner at the 2014 South African Property Owners Association (SAPOA) awards, walking off with three awards and the coveted crown of Overall Winner.
The prestigious Innovative Excellence in Property Development Awards ceremony was held at the Cape Town International Convention Centre on 11 June. No. 1 Silo also won the Overall Green Award and was the winner of the Corporate Office Development category. The neighbouring No. 2 Silo was the winner in the Residential Development category.
“We could not be more proud of this achievement. Our development team work tirelessly to ensure that we not only measure up to global best practice and innovation, but that we exceed them. It is our vision that the V&A Waterfront will be the global benchmark for development,” said David Green, V&A Waterfront CEO.
Both No.1 and No.2 Silo developments form part of the greater Silo District. The third development project in the district is the repurposed historical Grain Silo Complex that will ultimately form the permanent home of the Zeitz Museum of Contemporary Art Africa. The V&W Waterfront has committed R500-million to the redevelopment project.
Other developments currently underway include Ports Edge, the Waterfront’s first residential development and the redevelopment of the amalgamation of the existing Blue and Red Sheds into an innovative new trading space that will be known as the Watershed due for completion in September 2014. The Ports Edge apartments will be released in three phases. The first phase launch took place in March 2014 for occupation in June 2014.
In retail developments at Victoria Wharf, a R140-million upgrade includes the reconfiguration of the lower ground level to create space for the new 6 500m2 premium Pick n Pay, a pedestrian and vehicular tunnel under a major access road to create a super basement, and an inno9vative steel structure linking tow existing malls. The 3 000m2 space vacated by Pick n Pay has been reconfigured to accommodate Cotton On and Mr Price.
Both No. 1 and No. 2 Silo developments have received recognition for innovation in design by the Green Building Council of South Africa (GBCSA). No. 1 Silo was the first commercial building to be awarded a 6-star Green Star SA rating by the GBCSA in 2013, signifying world leadership. No. 2 Silo was the first residential development to be rated under the GBCSA Multi-Unit Residential v1 Design Rating tool and received a 4-star Green Star SA rating for design.