At Steel Studio, we’re proud to announce our involvement in the impressive Portside building in Cape Town. The building is the first high rise office development in South Africa to achieve the prestigious title of a 5 Star “Design” Rating under the Green Building Council of South Africa’s (GBCSA) Green Star rating system for offices. This is a landmark moment in South African sustainable architecture and we’re very honoured to add our touches to the building. The stunning building was designed in a joint venture by DHK Architects and Louis Karol Architects and is being built by Murray & Roberts. The R1.6 billon project is a joint venture between Old Mutual and Firstrand Bank and is set to be a defining milestone in the up and coming financial district in the Foreshore area of Cape Town’s Central Business District. The building is located in the Central City Urban Conservation Area and the relationship between its historical context and urban ecology is fitting considering the building’s first of its kind “green” status. The striking building combines the legacy of the fast growing, world-class city of Cape Town with the environmental sustainability of the building’s progressive architectural design and the picturesque surrounds of the Western Cape. When initially proposed in 2008, the building was set to include a hotel and stand 147.6m above sea level. However the recent financial recession of the late 2000s and the challenges faced with securing a hotel management contact put the project on hold for nearly 3 years and the design was eventually altered. The new design, which was greatly influenced by public participation, was reconfigured to remain below a certain height so that it would not obscure the world renowned view of Table Mountain.
The Portside building is expected to be completed in the first quarter of 2014.
It will feature 32 floors, stand at a reduced 139m, have more than 52 000m2 of office space, 1 200m2 of retail and banking space, 1 382 parking bays and will be accessible from all sides on the ground level. In the ownership agreement which was concluded in 2011, half of the tower will house the provincial headquarters of First Rand Bank, namely its three divisions, FNB, RMB and Wesbank. There will also be a cutting-edge banking hall covering an entire floor. The remaining floors of the building will include 26 000m2 of AAA premium grade office space and 7 retail units available for leasing through Old Mutual Property. We’re confident that the building will achieve its vision to create a landmark greenstar-rated tall building with firm commitment to sustainable & responsible development when it is completed.