Reader PJ writes in:I drive past Ballinrobe, a new development being built on High Level Rd in Sea Point every day. The site was empty for at least a year before they started building and in the past year they have been building all they seem to have put in is some foundation pillars. I have yet to see more than 4 workers on the site at any one time. The past two weeks all I saw was two workers who didn't seem to be doing much.
The original completion date was supposed to be June 2008 but they've pushed it back to June 2009, although at the rate they are going June 2010 seems more realistic. The sign on the site claims it's 70% sold, 100% I would guess are speculators. This place must've gone on sale in 2006 at the height of the boom and is going to be completed right in the middle of the property bust. If anything with the lack of workers and progress it looks to me like they're trying to draw out construction so it's completed when (they hope) the property market recovers.
Any readers out there have any more information about this place?
1 comment:
This project seems to be back on tracks. Work going on every day & I was told by the Foreman that it will be completed by 1st November 2010
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