Divercity Urban Property Group is embarking on an exciting journey with the launch of 9 Hopkins, its inaugural project in Cape Town. The groundbreaking mixed-use development is in the heart of the lively Salt River node. The company has once again partnered with Twin City Development and GASS Architects for this venture.
Development in brief
Just 2km from the Cape Town CBD, 9 Hopkins aims to address the severe shortage of rental housing in the city at rates of under R8 000 per month.
9 Hopkins is ideally situated, just 2km from the Cape Town central business district (CBD), and will offer a total of 398 apartments. These include 168 studios, 154 one-bedroom units and 76 two-bedroom apartments. Units range in size from 18m² for a studio to 50m² for a two-bedroom apartment.
In addition to the rental homes, 9 Hopkins, which forms a triangle wrapped by Yew, Hopkins and Aubrey Streets, will offer 930m² of street-level retail space, a clubhouse, gym, co-working area and a communal terrace. The development’s unique design includes a private courtyard at the centre, providing a tranquil space for residents to connect with one another.
Urban living experience
Cape Town has a severe shortage of rental housing at rates of under R8 000 per month. Jonathan Reader, chief investment officer at Divercity, says 9 Hopkins aims to fill this gap. “This development is the start of an exciting new chapter for Divercity, as it looks to expand beyond Gauteng,” says Reader.
The design features green, open spaces for neighbourly engagement and relaxation in a private courtyard at the centre of the development.
The company has already established a leading track record developing affordable, yet high-quality, accommodation in mixed-use developments that promote high-quality urban living. Previous developments include the landmark Jewel City in the Johannesburg CBD and the upcoming Barlow Park on the periphery of the Sandton CBD, which it is currently developing with Atterbury, in partnership with Barloworld and the Moolman Group, as well as Twin City.
With a modern, upmarket design, the development will add an edge of sophistication to the node that already boasts a prime location in the Mother City. Leveraging its expertise in rental housing asset management, Divercity will assume responsibility for overseeing the ongoing management and maintenance of the completed development.
“The team is working on several other opportunities in Cape Town that should break ground in 2024,” confirms Reader.
Divercity takes its affordable housing model to Cape Town with the launch of 9 Hopkins, a multi-use development in Salt River with a capital value of R1,2 billion.
Full acknowledgement and thanks go to https://www.divercity.co.za/ for the information in this article.