Known for their Cape Town’s Southern Suburbs development, Rawson Developers are set to break ground on their first inner city build in Loop Street, The Tokyo. Their previous suburban developments include The Winchester, The Westwood, The Premier and Newlands Peak, which sold more than 100 apartments on launch day despite unfavourable market conditions resulting from hard lockdown.
Says Brad Morgan, new development manager, Rawson Developers, “Our overarching aim is to not only create buildings that enhance an area and boost its potential, but that also provide buyers with sound investment opportunities. The Tokyo will be our first City Centre development, and we’re very enthusiastic about the opportunity to offer an extra promise of investment and interest to the area.” The Tokyo will consist of 15 floors of luxury micro-apartments and a ground floor restaurant and cafe, 24-hour concierge service, business lounge and state of the art fitness centre.
“The Tokyo’s lock-up-and go apartments will attract urbanites and travellers alike, and our biggest hope is to inject a renewed life force into one of our city’s tourism hotspots,” says Morgan. “Increased foot traffic in the area will hopefully, in turn, also provide more clientele for local dining and retail establishments that have all felt the undeniable aftermath of a quiet lockdown period.”
Loop Street is situated between the city’s vibey Long and Bree Streets and is a favoured area for dining, entertainment, shopping and sightseeing, equally popular with locals and tourists. Prices start from R950,000 and the development is set to be completed by March 2023.