During the next few years, many private and public developments will be completed or under construction.
Customs House, on the other side of the elevated freeways will soon make way for for the extension of the highly successful Convention Centre. This development could almost double the size of the existing complex and is worth an estimated R1,3 billion. This is a pioneering business model of three spheres of government to generate an additonal R1 billion annual economic spin-off for the Western Cape. The plan includes the construction of the first six-star rated green building in South Africa.
|The R345 million upgrading of 11 Adderley provides 28 000 m2 of commercial space, including three floors of retail.|
Liberty Life Building
The refurbishing of the Liberty Life building in Long Street at a cost of R80 million upgrades commercial space with ground-floor retail.
Another trend that is emerging is the extension of the high-end commercial sector into Woodstock, as is seen in the completion of The District – a R260 million mixed-use centre, which includes a significant number of parking bays.
Also in Woodstock, The Boulevard is slated for completion in early 2009. At a projected cost of R700 million, this mixed-use centre will add 38 000m2 of AAA-grade office space, 1 900 parking bays and retail.
Piazza on the Square
The cleverly designed Piazza on the Square links the newly renovated Church Square to Adderley Street and the Company’s Gardens. This R70 million upgrade hosts three floors of retail, commercial and residential space – some of which boast amazing views of the Central City.
Around the corner from Greenmarket Square, this innovative development of R120 million clusters retail space, including a creative Jewellery Avenue, additional parking space and some residential units.
Holiday Inn Express
St George’s Mall is the address for Cape Town’s first Holiday Inn Express. This R100 million three-star hotel added 160 rooms to the Central City’s visitor economy.
Taj Palace Hotel
Cape Coral Hotel
Under construction, this five-star hotel is the first of its kind – a luxury hotel targeting Middle Eastern visitors. Situated on the corner of Wale and Buitengracht streets, the Coral will be adding 140 rooms and suites to the visitor bed pool, some of which are for sale under sectional title.