Matthew Borrageiro

[Ash Müller @Askash]

Cape Town has no shortage of cranes at the moment...🏗️

Here's the latest site update for the R1.1 billion mixed-use development currently under construction at 100 Buitengracht Street, known as The Paradigm.

Quick facts about the development:

• 240 apartments
• Amenities: heated swimming pool, restaurant and deli, valet parking, 7th-floor swimming pool deck, coffee shop, co-working space, convenience store, gym, wellness spa, laundromat, and a pharmacy.

Apartment breakdown:

• Studios from R1,75 million | $97,000
• 1 Bedrooms from R2,18 million | $120,000
• 2 Bedrooms from R4,49 million | $250,000
• 3 Bedrooms from R7,25 million | $400,000
• 2 Bedroom Duplexes from R14,95 million | $820,000
• 4 Bedrooms from R22,75 million | $1,250,000
• 4 Bedroom Duplex Penthouses from R33,7 million | $1,850,000

This development is a JV between Tiber Construction and WBHO.

When chatting to Jose Correia, Managing Director of Tiber, he says, “This is one of the most technically demanding CBD sites we’ve worked on. You’re building a high‑rise on a narrow urban footprint, with heritage buildings on one side, a major transport corridor on the other, and a steep fall across the site, so every part of this project has to be planned and built with precision.”

The basement structure is complete, and vertical construction is underway.

Earthworks and bulk excavations were completed earlier this year, he continues, with the vertical elements clearly marking the transition to full superstructure construction.

Looking forward to seeing this one go up.

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