Woodstock and Salt River: Innovative Business Hubs
The Cape Town suburbs of Woodstock and Salt River are experiencing an urban transformation and has become a prime example of gentrification.
These areas are undergoing a “rebirth” as old-industrial buildings are being converted into sleek, innovative and creative industry hubs that appeal to their new demographic, namely, a growing middle class with adequate disposable incomes.
Situated just 3km from Cape Town’s CBD, the suburbs’ rejuvenation has made it modern business hubs, focused on innovation, luxury, convenience and security.
Modern Buildings in Woodstock Exude Originality
As a result of gentrification, property values have notably increased, making it ideal locations to invest in. This investment appeal is evident in the number of property redevelopments taking place in these areas by ingenious construction companies that have recognised the business potential in Woodstock and Salt River.
Located in Woodstock is Mason’s Press, which was once two old warehouses that have now been converted into an amalgamation of creative offices, working studios and a retail development. Its new lease on life has made it a creative and playful space, with a balance of work and retail.
Mason’s Press is one of Woodstock’s most innovative buildings and its recent refurbishment appeals to creative companies seeking an office space between 50 sqm to 400 sqm.
It is situated in Ravenscraig Road with easy access to the N2 and ample parking space that is safe and secure.
To continue the trend of pioneering businesses, The District represents a perfect example of creative and custom built offices. Ogilvy Cape Town and other design-orientated industries are tenants in this development that comprises of four buildings surrounded by a central retail courtyard.
Woodstock Exchange was once known as Woodstock Industrial Centre. Refurbished three years ago by Indigo Group, it is now a retail mall housing various artisanal workshops with design goods.
Adding to this trend is, Upper Eastside which features A-grade office space, ample parking as well as, onsite eateries and meeting facilities and a hotel. Upper Eastside’s contemporary design, incorporates award winning 1960’s architecture and panoramic views, complemented by excellent amenities.
The former Acucap Building has recently been acquired by Growthpoint. It is situated in a prime location in Woodstock and is strategically positioned with direct access onto the M3, which is the main artery linking the City with the Southern Suburbs. Due to the excellent location at the top of Roodebloem road, the building has excellent visibility from the M3.
The building is beautifully appointed with phenomenal views. The excellent positioning of the boardrooms maximizes the beautiful views. The spacious reception area, with all the natural lighting and the split level’s tasteful décor lends itself to the feeling of optimized space. The refurbished brick and plaster interior with the mixture of tiles and carpeted flooring accentuates the open areas. The majority of the offices have natural lighting. There is a luscious, well maintained tranquil outside area. Ample secure parking space is also available.
Woodstock has become a highly sought after area due to the urban renewal of the area. This caliber of property is rare. The property comes with a good pedigree as it has been home to two successful Cape Town based listed property groups, Atlas and Acucap. In those instances the property served as the head office of these organisations and is thus well suited to a business wishing to house both administration and executive management. The property is situated within a node close to the City, which has seen significant regeneration and development.
Besides the suburb evolving into an all-embracing creative business hub, it has also attracted a multitude of P-grade developments as the node provides for a number of key international and national tenants who require a professional working environment. The Boulevard is an example of how Woodstock is meeting this demand. This commercial space lies on the periphery of the Cape Town CBD and was the winner of the SAPOA Award for Excellence 2010. The development provides 38 000 sqm of premium, modern and secure office space. There is ample parking space for tenants and visitors due to three super parking basements that provide an estimated five bays per 100 sqm. Security at The Boulevard is extensive, with CCTV Coverage and on site security guards. Its tenants includes, Alexander Forbes, Zurich and Webafrica, to name a few.
Iconic Commercial Spaces in Salt River
Salt River has continued to gain popularity with office users, its convenient location, close to the city centre and all major transport routes, drives demand in the Neighbourhood which can accommodate requirements as small as 20 Sqm in developments like The Royal to large corporates like, Quirk.
The Salt River improvement district has made good improvements to the safety and cleanliness of the streets. There are a number of exciting new developments planned in Salt River including Urban Lime’s, The Warehouse which can accommodate a wide variety of sizes in an eclectic industrial inspired environment. Urban Lime specialises in adding value to projects through site assembly, creative planning and pro-active lease management.
Another development is The Rex Trueform Office Park, an iconic building with a history that dates back 60 years. Rex Trueform, in its heyday, was the largest clothing manufacturer in Southern Africa. The Rex Trueform Office Park Refurbishment project aims to not only rejuvenate this landmark building into a functioning unit but to also revitalise the area. This historical city block consists of 3 buildings, built between 1948 and 1962 which will be renovated into a single unit office park with a central 5x volume entrance lobby. There are only 2 units available currently which have fantastic views from this sympathetically refurbished heritage building.
Woodstock: A Balance Between Old and New
Although its urban renewal is expansive and an increased number creative minds enter the suburb, it has not lost its heritage which spans over 250 years. Woodstock’s rapid creative transformation has managed to uphold its historical heritage due to the urban population creating an environment that is modern but also, integrated. In addition, environmental awareness is widespread as the community by embraces less intrusive urbanisation methods. Working in Woodstock guarantees a professional life surrounded by originality and creative freedom, and offers an alternative solution to busy city centres defined by corporate conformity. In addition, it is conveniently located to major transportation routes, namely, the N1 and N2, and the southern and northern suburb corridors. This makes commute to the Cape Town CBD hassle-free.
Salt River: An Inclusive Urban Environment
According to a research project undertaken by UCT published earlier this year, Salt River is an ideal location for a more mixed and inclusive urban development strategy. The anchor point of each student’s urban strategy is a proposed research centre for emerging technologies. According to the student’s project brief, these research centres propose to empower the community of Salt River by introducing publically accessible educational facilities and specialised research platforms. These buildings also aim to create job opportunities for locals and improve the social environment of the area.
For property sales queries contact, Director: Karen Miller
For leasing queries please contact: Sueann Walters
Telephone: 083 324 0372
Author: Quoin Online