Page 32

SPECIAL FEATURE

The land earmarked for the Richmond Park development.

Cape Town’s central business district (CBD) delivers a quarter of the city’s economic activity and about 30% of employment. Construction projects worth R16-billion are either being built or are in the pipeline for the CBD. Hundreds of hotel beds are being added to the city’s tourist offering and public money is going in to upgrades of the railway station and the Iziko South African Museum. A new Cape Town Museum is planned for the old Standard Bank building on Adderley Street. Major developments on both ends of the Foreshore will transform the city’s connection to the harbour and effectively extend the very successful formula of the V&A Waterfront across the front of Cape Town. A new cruise terminal on the western edge of the Foreshore (north-west of the Cape Town International Convention Centre, CTICC) welcomed 86 000 passengers in its first year of operation. The tender to run the terminal was won by the V&A Waterfront. The Amdec Group is developing The Yacht Club directly south of the terminal, a mix of commercial, residential and hotel space. This is part of a larger Port Gateway project that aims to connect the city to the sea. The Roggebaai Canal will be extended to Duncan Dock, providing a link to both the CTICC and the Waterfront. WESTERN CAPE BUSINESS 2017

On the eastern edge of the Foreshore, a very ambitious plan envisages two new hotels, flats, retail space and offices rising out of ground currently occupied by three car dealerships and a roadworthy station on Christiaan Barnard Street. The Harbour Arch concept is based on Johannesburg’s Melrose Arch, with seven tower blocks to be constructed on 200 000m², roughly half the footprint of the V&A Waterfront. The Amdec Group are the owners and developers of the project. Further afield, a high-visibility site 17km from Cape Town CBD is being developed as a mixed-use commercial precinct with 300 000 m2 of gross bulk lettable area on a 99-year leasehold basis. Called Richmond Park, it is anticipated that the development will be popular with distribution and light industrial businesses, but it will also incorporate a retail centre.

Hotels Marriott International’s introduction of three new hotel brands to Cape Town forms part of the re-shaping of the Foreshore. Both the Cape Town Marriott Hotel Foreshore and the Residence Inn by Marriott

32

Western Cape Business 2017  
Read more
Read more
Similar to
Popular now
Just for you