Amdec launches R1.2 billion development adjacent to V&A Waterfront

Impression of The Yacht Club mixed use development, due for completion in 2017

The Amdec Group today announced that it will develop The Yacht Club, a unique R1,2 billion mixed-use landmark at the magnificent gateway to Cape Town’s Waterfront.

This prestigious development will comprise residential, hotel, and office space, making it an ideal mixed-use facility for those wishing to live, work, and play within a safe and secure precinct.

Amdec Property Development, part of the Amdec Group, are the development managers of The Yacht Club.

Nicholas Stopforth, Amdec Property Development’s Joint MD, says The Yacht Club’s outstanding location makes it the ideal site for a mixed-use development. Amdec is recognised as South Africa’s leading developer of New Urban lifestyles, with the iconic Melrose Arch mixed-use precinct part of its pioneering portfolio.

Stopforth explains: “The Yacht Club is strategically positioned adjacent to the V&A Waterfront, a stone’s throw from the Cape Town International Convention Centre (CTICC) and on the doorstep of the city’s historic Foreshore. A variety of world-class tourist, business, retail, and recreation facilities are all well represented within the immediate vicinity”.

The Yacht Club is located within the Roggebaai Canal Tourism Precinct, named after the Roggebaai Canal which runs through it, connecting Cape Town’s financial hub, the vibrant CTICC, and the V&A Waterfront.

The Yacht Club’s striking nautically inspired design will reflect the heritage of this unique setting. On completion it will be the biggest development of its kind in the Roggebaai Precinct, joining the existing developments of Harbour Bridge Hotel & Suites and Canal Quays apartments.

Set for completion mid-2017, The Yacht Club will include a podium of modern, flexible office space and two towers of urban hotel and apartment living. It also benefits from a secure, vibrant and connected precinct, generous parking, easy access, excellent design, quality finishes and animated public areas alongside the pedestrianised canal environment.

The Yacht Club’s contemporary, A-grade business space includes excellently situated offices that are flexible in design.

“The Yacht Club Office Suites are ideal for businesses with links to the node’s multitude of financial or maritime corporates, the travel and tourism industries, as well as retail, conferencing, entertainment and the arts,” says Stopforth.

The Yacht Club will also offer sought-after urban apartment living ideal for young professionals, first-time buyers and investors, as well as corporate and long-stay accommodation. It will feature a range of beautiful apartments with one bedroom, two bedroom, and luxury corner apartments that take full advantage of the building’s spectacular views. Apartments will range from 54m2 to 95m2 with a starting price of R2.4 million.

Stopforth also confirms that the development has the potential to include a hotel and associated serviced apartments. Negotiations with a well-known international hotel group are advanced in this regard.

Importantly, The Yacht Club is designed with convenience, efficiency and security in mind. It will benefit from security features such as CCTV cameras and onsite security personnel.

Stopforth points out that the precinct is designed around public areas, with benches and pedestrian pathways. The Yacht Club will offer access control as well as other cutting-edge technologies that put it at the forefront of quality and modern design. These include energy-efficient features such as double-glazing and LED lighting, making it environmentally efficient.

More than that, it links effortlessly to the city and beyond. The Yacht Club boasts dedicated access at the junction of several transport systems. This makes it incredibly easy to get to – by car, bus, shuttle, taxi and by water taxi on the Roggebaai Canal waterway.

All it takes is a short walk to connect with a multitude of daily amenities: restaurants, shopping, banking, health clubs, entertainment and much more at the V&A Waterfront, Cape Town Foreshore and the CTICC node. It has easy and immediate connections to the city’s major arterial roads and direct highway links across the city and to Cape Town International Airport.

The R180 million Cape Town cruise-liner terminal is approved directly north of the Yacht Club, and it will be completed in 2017 – perfectly timed for the opening of The Yacht Club.

Commenting on the residential component of the new Yacht Club development, Pam Golding Properties says it has been overwhelmed by enquiries.

“The response to our initial marketing campaign has far exceeded expectations, with enquiries from Johannesburg, Durban and locally in the Western Cape,” says Basil Moraitis, area manager for Pam Golding Properties in the City Bowl and Atlantic Seaboard.

“There is an acute shortage of residential stock available in the central city and especially in this precinct, and we anticipate this development will appeal to a wide profile of buyers including investors, end-users and non-resident holiday home owners.

“The units will be particularly attractive to the investor buyer, particularly those seeking a property to accommodate adult children studying in Cape Town and wishing to establish a foothold in the property market, and ideal for those wanting to capitalise on the popularity of Air B&B rental income.

“With picturesque mountain, bay and city views and a prime waterfront location, this new development offers easy links to all transport and highways plus close proximity to the city and its financial district. And what better way to shop than to step onto a water taxi boat on the canal for the short trip to the V&A Waterfront shopping centre?

“We anticipate that the Yacht Club development will entrench the trend started by the V&A Marina development and now the expanded mixed-use node under construction at the Silos. It has become apparent that the successful rehabilitation of any industrial site is closely linked to the successful integration of residential units in that area.

“There is also a worldwide trend emerging where under-utilised prime industrial waterfront sites have been repurposed into sought after residential and mixed-use nodes such as the Fishermans Wharf in San Francisco, the redevelopment of the waterfront precinct at Port Vell in Barcelona as a result of the 1992 Olympic Games into a highly popular tourist and residential precinct, and the extensive redevelopment around Canary Wharf in London.“