Landmark ABSA building to become mixed high-rise

Posted on 16 May 2019

The former ABSA building, an iconic 70’s high-rise in Cape Town’s downtown financial district, is being redeveloped into a unique mixed-use building called Foreshore Place, which will feature 34 storeys of ultra-modern luxury residential and commercial premises.

Situated on the corner of Adderley Street, Riebeek Street and St Georges Mall, Foreshore Place will have 15 floors of commercial space, with the ground floor offering banking facilities, coffee shops, food and other shops.

Above this will be 11 floors of residential units, which run from the 6th floor to 16th floor, made up of 99 one-bedroom apartments, nine two-bedroom apartments and 63 studio apartments. The fourth floor of Foreshore Place will feature a business and resident’s lounge and an entertainment terrace.

Marketed by Dogon Group Properties, designed by KMH Architects and developed by HBW Group, Foreshore Place will have a modern minimalist signature look, with crisp, clean interiors and calm, open spaces.

The residential component will feature an impressive lobby with 24-hour concierge security with access control and CCTV, a laundry area, fully installed VOIP, high-speed fibre connectivity, satellite television ports, air-conditioning, parking bays and much more.

Rob Stefanutto, MD of Dogon Group Developments, adds that the one and two bedroom apartments will boast 70’s modernist inspired interiors and be fitted with Bosch appliances and Hans Grohe bathroom fixtures.


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Prices start from R1,164 million for the studio apartments, which range in size from 23.9 sqm to 33.1 sqm. One bedroom apartments start at R1,569 million, with sizes ranging from 41.9 sqm to 51.7 sqm, and the two bedroom units start at R3,789 million, ranging up to R4,364 million with sizes starting at 71.6 sqm.

The studio apartments will feature Scandinavian-inspired interiors and will be fitted with SMEG appliances and Hans Grohe bathroom fixtures.

Monique Pieterse, Development Manager of HBW Group, says, ‘We anticipate high demand for the apartments within Foreshore Place. The studio apartments in particular meet the modern trend of more affordable inner city micro living – modern apartment with all the luxuries buyers expect, in only 70% of the size.

‘Foreshore Place’s signature hallmark in the Cape Town skyline is its bronze aluminium metal work and bronze tinting glazing. Both of which pay homage to New York modernist architecture.’

Stefanutto says, ‘This iconic building was the first structure in Cape Town to use a continuous glass curtain wall and at the time, was the largest steel-skeleton ever used in a skyscraper, defining its 34-storey main tower which opened its doors in 1970.’

Denise Dogon, CEO of Dogon Properties, says that ‘Foreshore Place is the next step in the exciting evolution of not only this iconic building from the 70’s, but also of Cape Town’s CBD, and harks at things to come in the city centre.

‘We are very excited to be involved in this revitalized icon. Apartments within Foreshore Place offer a wonderful opportunity for those looking for a premier investment opportunity, or those looking to live, work and play in Cape Town’s inner city,’ she concludes.

Work on Foreshore Place has already commenced, with completion planned for December 2020. There are three show units available for viewing now.

For further information, visit


Image source: Supplied

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