WATERGATE ESTATE – MITCHELLS PLAIN
Watergate Estate is the gateway to Mitchell’s Plain and is the the first ever privately funded affordable housing development in Mitchell’s Plain in the Western Cape. The Watergate Estate Development is a diverse mixed-used project that plays an active role in the rejuvenation in Mitchell’s Plain. The development introduces first-of-its-kind affordable housing and a thriving retail complex, all within walking distance of public transport. The unique urban design creates a character that will enhance and promote community living and quality of life.
The development boasts 4500 residential units and is taking place in four phases. The first phase consists of 357 homes. The second, third and fourth phases will roll out 2,400 homes, a shopping mall with anchor tenants such as Shoprite, CTM and Virgin Active as well as many other community facilities.
The complete development comprises a diverse assembly of residential units ranging from single residential units to apartments, which measure between 50m² and 95m². This is a green development, meaning that all units are provided with solar heating and systems to assist in reducing water consumption. The apartments have been designed to function off the grid, with generators providing their own electricity.
Accessibility is a key feature of the development, which is located adjacent to the R300, the Mitchell’s Plain General Hospital and the new shopping centre. It is close to taxi and bus routes, as well as the upgraded Mandalay Station.
The residential units and apartments open up a world of home rental or home ownership to those who previously who could not afford it. Affordable housing can be bought for under R600 000, with leading financial institutions offering first–time buyers with a joint income of R15, 000 – R20, 000, bonds. Whether renting or buying, tenants will be afforded access to an urban lifestyle, with all amenities and transport close by.
The project has directly contributed to job creation and skills development in the local community. It currently employs 500 workers, and in 2017, will employ an additional 200 workers as part of the commercial development. These workers have been trained in skills such as bricklaying and tiling, thus improving their chances of employment in future.
The final phase of the development will be completed in 2019.