The construction of Zero-2-One Tower in Cape Town will finally begin within the next few months once it receives approval from the Reserve Bank. The project has been in the spotlight since as far back as 2016 when the plans for the skyscraper were first unveiled by developers FWJK. Zero-2-One Tower is expected to be the Mother City’s tallest building and is estimated to cost R1.3-billion.
Zero-2-One will be built on the corners of Adderley and Strand street in Cape Town CBD and will be 44 storeys tall with 570 apartments, and an impressive 7 000 square metres of retail space on the ground for shops and restaurants.
Developers FWJK faced several delays over the past three years which have halted construction due to the approval processes from the City of Cape Town and “a stipulation that all new developments must include affordable housing.”